Uganda
Kasese Cobalt Company Limited
$3.6 million
Mining
Project Brief
Not Active
In 1993 MIGA issued $10 million of coverage for two equity investments in Kasese Cobalt Company Limited (KCC), then Uganda's largest private investment. In 1996 La Source of France made a $4 million shareholder loan to KCC, and, in a separate guarantee contract, MIGA transferred coverage of $3.6 million from the earlier-issued equity contracts to cover the new La Source loan against the risks of expropriation and war and civil disturbance.