The South Africa-based Business Partners Limited (BPL), a renowned Small and Medium- Enterprises (SMEs) financiers has launched in Uganda in a drive to expand its investment model across the continent.
BPI Uganda has set up in the capital Kampala, from which it will be on the lookout for SMEs needing funding. The financiers will provide customized financial solutions, mentorship, and sectoral knowledge among other added-value services to formal SMEs across the country.
BPI is currently present in two East African countries; Kenya where it launched in 2007 and Rwanda where it launched in 2012. With BPI Uganda, the financier is well on its way to increasing its presence across East Africa.
Mark Paper, the Chief Operating Officer at BPI said, “Previously, we have always set up and managed investment funds with an investment life limited to 10 years. This new investment vehicle, however, doesn’t have a limited life and has been established as a permanent company with the purpose of offering risk capital and technical assistant for the targeted countries in East Africa.”
According to Paper, BPI’s run in both Kenya and Rwanda has made the financier …read more