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Alice Nalwoga is a specialist finance and banking practitioner, and she advises commercial banks, development finance institutions and investment funds. Alice advises lenders and corporate borrowers on domestic and international financing transactions across several industry, commercial, financial and governmental sectors. Her experience covers mainstream term loan finance, asset finance, trade finance, real estate finance, leveraged finance and project finance. Alice also advises financial institutions on regulation and other related compliance matters.

Experience has included advising:

  • The lender for a novel USD42 million structured forfaiting facility.
  • Trade and Development Bank for a revolving non-funded facility of USD100 million to Power China Guizhou Engineering Africa Company for the construction of a specialised hospital.
  • The outgoing lenders, led by Standard Chartered Bank, in connection with the project re-financing of the 250 MW Bujagali II hydro power dam.
  • Trade and Development Bank for the project financing of three run-of-the-river mini hydropower dams (6.9 MW Mbigi-Sirimitiyo, 4.8 MW Waki and 9.6 MW Lower Nkusi).
  • dfcu Limited for a USD50 million bridging finance facility from Arise B.V (a specialist development finance vehicle sponsored by Norfund, FMO and Rabobank) in connection with dfcu Limited’s banking subsidiary’s acquisition of Crane Bank Limited.
  • A leading Asian public financial institution and export credit agency on a multi-million-dollar loan to the Government of Uganda to finance export-import transactions with a Japanese conglomerate.

Professional Qualifications

  • Advocate admitted to the High Court of Uganda.


  • University College London: Master of Laws in Financial Services Law.
  • University College London: Post-Graduate Diploma (International Business Law).
  • Makerere University: Bachelor of Laws.
  • Law Development Centre: Post-Graduate Diploma in Legal Practice (bar qualification).


  • Member of the East African Law Society.
  • Member of the Uganda Law Society.

Key COVID-19 considerations for the financial services sector

COVID-19 raises a range of financial services issues which financial institutions are managing and will continue managing over the coming months. Business continuity plans have already been activated by financial service providers and clients alike. The Government of Uganda has also put in place several preventive measures including a partial lockdown that will most certainly test business continuity plans of financial services providers.