In a 2012 IFLR article ("Q&A: Frontier markets: private equity's next challenge", International Financial Law Review (Dec 2012/Jan 2013)), Zain Latif, the principal of pioneer markets investor TLG Capital, singles out Uganda as a country where international private equity investment prospects look good, out of subsahara African countries.
And until recently law firm advertising was banned, and regulation of minimum fee levels has been argued to drive clients to seek legal advice elsewhere.
Uganda "is easier", as exemplified by South AFrican firm ENSafrica (ENS) launching an office in Kampala, separately from its previous local affiliate Synergy Solicitors & Advocates, in 2013.
The project was sponsored by Industrial Promotion Services, part of the Aga Khan Fund for Economic Development, and Sithe Global, a Blackstone subsidiary.
(among notable deals, under Project Finance, in roundup article "Merrill bailed out by Temasek; Herbert Smith on Abu Dhabi power plant; Ropes & Gray heads up Bain Capital takeover", Anonymous.