From October 10 – 12 the Hub’s investment team joined early-stage investors for a BiD Network-organized investment trip to Uganda. BiD Network is one of the world’s largest and most active early-stage impact investing networks. Twice a year, BiD Network hosts a week long trip to Uganda for potential investors to visit pre-identified early-stage businesses and to meet the entrepreneurs and local investors and stakeholders behind the businesses. Investors also get to witness firsthand the impact that their investment could make. The trip promoted high-potential investment opportunities and helped mobile investment from foreign investors by demystifying perceived investment risks in the region.
Bid Network showcased enterprises that have participated in the BiD Network’s investment readiness program and who have a competent entrepreneurial team in place for significant growth potential. BiD Network’s investment readiness program employs international experts to help promising businesses prepare for potential investors with the aim of closing investment deals. Participating enterprises from Uganda are active in the following sectors: agro-processing, renewable energy, healthcare innovation, sanitation, ICT and logistics.
Patricia Habu presented on the USAID Uganda Mission’s work in agriculture and detailed some of the U.S. Government tools that Angel Investors could consider as a means to leverage their intended investments in agriculture. The Hub made a presentation on the investment opportunities available in Uganda and discussed how the Hub helps link investors to promising companies. The Hub also mentioned some of the issues that foreign investors raise when considering opportunities. The Hub team participated in a matchmaking session where selected businesses pitched to both local and visiting investors.
The Hub partners with investor networks, promoters and other stakeholders to facilitate investment trips and close investment deals in the East African region. Early stage investors’ trips are in line with the Hub’s goal to attract, mobilize and sustain new private-sector investment within the East Africa region. The Hub has a goal of facilitating $100 million in investments and creating 10,000 jobs by 2019.