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Ascent unveils UGX 354 billion private equity Fund for SMEs

by Alphred Rhyman Agaba
Richard Mugera (Centre), Ascents Country Director, announcing the ARVF II in Kampala. Courtesy photo
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In a bid to assist Small and Medium Enterprises (SMEs) with capital to expand their enterprises, African private equity fund manager Ascent has unveiled the second phase of Ascent Rift Valley Fund (ARVF) worth $101 million (UGX354.923 billion) under a private equity arrangement. Nevertheless, Ascent states that the final close of ARVF two with a target of $120 million is expected in December th

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About the Author

Rhyman Alphred Agaba is a journalist, editor and radio/TV producer and entrepreneur based in Kampala.