New Shs54b private equity fund to spur access to capital

Mineral water being bottled in the factory. The new private equity firm is seeking to fund firms especially those involved in manufacturing of fast moving consumer goods. FILE PHOTO

What you need to know:

Funding targets manufacturing, agro-processing, construction among other sectors.

Kampala- Eastern Africa’s new private equity player, Ascent, has launched a $20 million (about Shs54 billion) equity fund in Uganda to be invested in commercially viable companies in the next eight to 10 years.

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