Financial Institutions

Uganda

2019-2020

USD 16 M (EQUIV.)
Sole Advisor and Arranger

Tugende

Verdant Capital has raised approx. USD 16 million debt financing from 2019-2020 for Tugende Limited. This funding was raised from the leading international specialist investors for the expansion of its lease receivables which achieved a growth of over 140% in 2019.

Tugende Limited started operations in 2012 in Kampala, Uganda, and has now expanded into Kenya. The company finances income generating assets to put people in control of their financial future, having served more than 30,000 customers who are now either asset owners or well on their way to becoming one. Tugende is building the leading technology driven pan African productive asset finance company.