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Uganda Gov’t to acquire shares in businessman, Ben Kavuya’s USD12.7 mn medical glove-making firm

The CEO Magazine Team

EAMVL Executive Chairman, Ben Kavuya (2nd left) and Patrick Birungi, the UDC Executive Director exchange agreements. Looking on is Hope Kisitu, the UDC Board Secretary (right) and Brian Kavuya, the MD, EAMVL.

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Uganda Development Corporation (UDC) the Uganda government’s private sector investing arm, is to acquire an undisclosed number of shares in East Africa Medical Vitals (EAMVL), a medical glove-making company belonging to businessman, Ben Kavuya. The two entities in July this year signed an investment partnership agreement for UDC to make an equity investment into EAMVL, said to be the first me

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