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About Dropdown Description

World Bank building
About

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Learn More

Our Impact Dropdown Description

Hands husking peas into a basket full of peas
Our Impact

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Learn More

Our Products Dropdown Description

Young woman bending down to tending to her outside chores
What We Do

Explore different types of political risk insurance guarantees provided to investors and lenders.

Learn More

Projects Dropdown Descriptions

Hyundai building
Projects

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Search Projects
Uganda

Wilken Afsat (Uganda) Limited

$1 million
Telecommunications
Project Brief
Not Active
twitteremail

MIGA also covered the Wilken Group for its $300,000 equity investment and $371,963 shareholder loan to Wilken Afsat (Uganda) Limited (WAL) to establish a satellite communications system for data transmission. The investment in WAL is insured for $1 million against the risks of currency transfer, expropriation, and war and civil disturbance.

The project will improve the existing data communications system in Uganda. Data will be transmitted to and from local users, as well as users in Tanzania, through a data transmission hub installed in Kampala. The enterprise will use the same technology as the project in Tanzania.

The project's impact on Uganda's economic development is both direct and indirect. Improved communications will facilitate business investment and increase efficiency. The modern data transmission system will promote transfer of technology to Uganda and provide jobs for about 20 nationals. A training program will be implemented to develop the skills, techniques, and expertise the staff will need to manage and operate the virtual hub and maintain users' remotes.

twitteremail