Home » J.Samuel Richards completes infrastructure business valuation for UK-based holding company

December 4, 2021    By admin


InfraCo Africa is a multi-government funded, privately managed company providing early stage development capital and expertise to develop infrastructure projects in sub-Saharan Africa. InfraCo Africa (based in the United Kingdom) acts as an ‘honest broker’ seeking to create viable infrastructure investment opportunities that balance the interests of host governments, the national and international private sector and providers of finance.

InfraCo Africa appointed J.Samuel Richards to undertake a business valuation of its subsidiary company in Uganda, the Kalangala Infrastructure Services Limited (KIS). In 2005, InfraCo Africa signed a Memorandum of Understanding with the Government of Uganda (“GOU”) to develop a specified and multi-faceted US$ 50million project to meet the growing unmet demand for infrastructure-related services on Bugala Island, Kalangala District, Uganda.

KIS currently operates commercial marine transportation services using two state-of-the-art ferries; electricity through a 1.6MW hybrid solar/diesel power generating facility; potable water using solar-powered pumps and has also upgraded the 66 km main island road. In 2014, J.Samuel Richards successfully completed the 5-year business plan (2015-2019) for KIS.