On Monday, September 18, the New York office of Norton Rose Fulbright hosted an investor roundtable with President Yoweri Museveni of Uganda. The roundtable offered investors, lenders, sponsors and other stakeholders in the energy and infrastructure sectors the opportunity to discuss opportunities and challenges in Uganda with President Museveni and senior Uganda government officials, including Hon. Matia Kassaija, Minister of Finance; Hon. Sam Kutesa Minister of Foreign Affairs; and Uganda’s Permanent Representative to the United Nations, Ambassador Adonia Ayebare.
The roundtable covered current opportunities for investors in Uganda and East Africa, in general, and provided an update on government priorities and focused on major infrastructure projects that included the oil refinery, Uganda-Tanzania pipeline, Kampala-Jinja Expressway, among others. Senior executives attended the roundtable from key investors including The Blackstone Group, SkyPower, Sithe Global Power, Symbion Power, Denham Capital Management, General Electric, John Deere, American Tower, Africa Integras, Kuramo Nile Capital, 8B, Investec Asset Management, YAATRA Ventures, among others.
The gathering kicked off with an update on Uganda's regulatory and policy framework from Dr. Alan Shonubi, a founding partner of Shonubi, Musoke & Co., one of the largest law firms in Uganda. Next up, there was a panel discussion on innovative structures for financing projects in emerging markets such as Uganda. An investors panel was moderated by Andrea Christie Pizziconi, Founder and Managing Partner of Africa Integras, and the panelists included Dana Bennett, Senior Counsel, IFC; Justin DeAngelis, Managing Director, Denham Capital Management, LP; Paul Hinks, CEO, Symbion Power; and Larry Seruma, Managing Principal and CIO, Kuramo Nile Capital.
The panel was followed by a fireside chat and Q&A with President Yoweri Museveni moderated by Ikenna Emehelu, a Norton Rose Fulbright partner based out of the New York, who regularly represents sponsors, lenders and equity investors in major infrastructure projects.
Norton Rose Fulbright has one of the largest legal footprints in Africa of any international law firm and has been advising on deals in Africa for more than 30 years. Africa is one of the firm’s major markets and is key to the firm’s future growth. This is evident in Norton Rose Fulbright’s experience of working in more than 45 African jurisdictions both advising on transactions and on-going commercial operations and also assisting clients to build their businesses — both on the continent and internationally. Norton Rose Fulbright’s African footprint is unrivalled — with offices in Johannesburg, Cape Town, Durban, Casablanca and Dar es Salaam and strategic alliances with Shonubi, Musoke & Co Advocates in Uganda; Shonubi, Musoke, Gilbert & Partners in Burundi; Gill, Godlonton & Gerrans in Zimbabwe; and, most recently, Walker Kontos in Kenya. Norton Rose Fulbright’s established global footprint, extensive country knowledge and expanding Africa network mean that the firm continues to dominate on matters and transactions across the full spectrum of practice areas including corporate and commercial, banking, disputes, regulatory and risk.
Welcoming President Museveni were Norton Rose Fulbright’s Global Chief Executive Peter Martyr, former Governor of New York State and senior counsel George Pataki, New York partner Ikenna Emehelu and counsel Clare Karabarinde. Joining the group was Scott Eisner, President, US-Africa Business Center/ Senior Vice President, US Chamber of Commerce.