SM&Co Advocates is a Ugandan law firm
established in 1987. The firm also has a branch office is in Burundi.
SM&Co Advocates acted as Ugandan local counsel to Eastern and Southern African Trade and Development Bank (TBD) as the lender and the Standard Bank of South Africa (SBSA) as the security agent in respect of a USD 36,000,000 facility to
Kinyara Sugar Limited.
The team assisted in the due diligence investigations on Kinyara Sugar LImited, focusing on its corporate affairs, regulatory compliance, and material project developments. The firm also advised on the financing phase of the transaction, including the review of the finance documents,
drafting the necessary corporate authorizations, and collecting and confirming of conditions precedent.
The transaction closed in December 2024 and was led by Andrew
Kibaya.
The firm also acted as local counsel to Nederlandse
Financierings-Maatschappij Voor
Ontwikkelingslanden N.V.
(FMO) in relation a US$ 5,000,000 to
Watu Credit Uganda Ltd to finance the borrower’s electric motorcycle financing portfolio in Uganda. The team, led by Andrew Kibaya, drafted an English Law Term Loan Facility Agreement as well as the FMO Policies Agreement; drafted the required corporate authorizations;
assisted with the collection and confirmation of conditions precedent; and attended
post-closing local matters.
The transaction was completed in December 2024.
Partner Hellen
Nakiryowa departed the Banking & Finance at the end of 2024 to join the African Development Bank.
Bank of Uganda; Louis Dreyfus Commodities; Umeme Limited; Uganda National Airlines Limited; East African Crude Oil Pipeline Limited.
