Uganda

Highlights  

Kyagaba & Otatiina Advocates acted as lead legal counsel to Spouts International in connection with a US$3.5 million equity investment by the Water Access Acceleration Fund S.L.P. The team, led by Dennis Otatiina, drafted and negotiated the share subscription agreement, share buyback agreement, disclosure letter, and amendments to the existing shareholders’ agreement; advised on key regulatory and compliance issues; and ensured strategic alignment with both Ugandan law and international investment standards. The transaction closed in November 2024.  

The firm is also advising National Housing and Construction Company Ltd. on the structuring and implementation of a custom-built, state-of-the-art headquarters for the Electoral Commission of Uganda. Acting as lead counsel, the team is advising on the project structure, negotiating the legal and commercial framework, and drafting and reviewing all construction and ancillary contracts. The transaction closed in November 2024 and was led by David Mpanga.  

Associate partner Julius Kyamanywa joined the Banking & Finance team from DFCU Bank in May 2025.  

Key Clients  

WBPF; Salaam Bank; Umunthu Investment Co. II; SPOUTS International Ltd.; Cooperatieve Rabobank U.A.; National Housing and Construction Company Limited; Credinvest International Corporate Finance 

Testimonials 2024/2025 

“The team is extremely knowledgeable in matter commercial law, local legal framework, transaction support, PE/VC transactions and Private Credit.” (Private Equity) 

“We appreciate the timely and comprehensive legal expertise offered by the firm during the project structuring process.” (Project Development) 

“The firm provided sound legal advice with a commercial lens. They were quick to respond to questions and issues.” (Project Finance) 

“The firm helped to coordinate counsel from other jurisdictions and made the transaction very smooth and easy for us.” (Project Finance) 

“Agatha Etyang is responsive and has good client management skills.” (Project Finance) 

“We appreciate David Mpanga’s structuring of construction projects and client management.” (Project Development) 

“Dennis Otatiina worked on corporate advisory, providing creative solutions on deal structuring to align with local laws, legal due diligence, KYC and AML, and preparing quality legal documentation.” (Private Equity) 

“Dennis Otatiina is extremely trustworthy.” (Private Equity)