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Alice Nalwoga-Atwine

Alice Nalwoga-Atwine

Partner, Sebalu & Lule Advocates

Alice Nalwoga-Atwine is an experienced 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 bank regulation and other related compliance matters.

In highlight mandates, Alice acted for the 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, and a total of USD37.7 million in project finance facilities to the developers of three run-of-the river mini hydro-power dams. Alice also advised the outgoing lenders connection with the project refinancing of the 250 MW Bujagali II hydro power dam.

Experience has included advising:

  • 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;
  • Trade and Development for the USD30.5 million financing of the development of a luxury hotel in Uganda;
  • The outgoing lenders, led by the Standard Chartered Bank, in connection with the project refinancing of the 250 MW Bujagali II hydropower dam;
  • The Eastern and Southern Africa Trade and Development Bank (TDB), 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;
  • Barclays Bank of Uganda Limited, Barclays Bank Mauritius Limited and Absa Bank (as hedge counterparty), for a USD40 million project refinancing facility to an independent power producer for the expansion of its heavy fuel oil plant;
  • A leading regional commercial bank, for a USD50 million syndicated facility to the sponsor and developer of an inland container depot;
  • The borrower, in connection with a USD40 million facility from a European DFI for the development of a cogeneration plant and factory refurbishment; and
  • A leading Asian public financial institution and export credit agency, on a multimillion dollar loan to the Ugandan government to finance export-import transactions with a Japanese conglomerate.

Professional Qualifications

  • Advocate admitted to the High Court of Uganda (2008)

Education

  • Graduate Member, Chartered Governance Institute (2019)
  • Law Development Centre, Post-Graduate Diploma in Legal Practice (bar qualification) (2007)
  • Makerere University, Bachelor of Law (2006)

Memberships

  • East Africa Law Society
  • 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.