XSML Fund Manager invests in the Ugandan based KARE Distribution

XSML, the fund manager active in Central & East Africa announced its first investment in Ugandan based KARE Distribution (KARE), a distributor and wholesaler of essential consumer goods based in Uganda. KARE helps locally manufactured brands to sell their products such as detergents, soap, vegetable cooking oil and water to low-income households. The funding will be used to open a new supermarket in a populous neighborhood in Kampala which currently has no outlets. [AVCA]


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