Dar es Salaam, May 12, 2026 – The Dar es Salaam Stock Exchange (DSE), in collaboration with Uganda’s Ministry of Finance, Planning and Economic Development and Yusra Sukuk Company Limited, hosted the Uganda Sovereign Sukuk Roadshow aimed at strengthening regional investment collaboration and promoting Islamic capital markets across East Africa.
The roadshow provided investors, capital market stakeholders and financial institutions with an opportunity to gain deeper insights into the Uganda Infrastructure Sovereign Sukuk valued at €205 million, alongside an additional Green Shoe Option of €30 million, as part of the broader €495 million Sukuk issuance programme.
Speaking during the session, the Deputy Permanent Secretary at Uganda’s Ministry of Finance, Planning and Economic Development, Mr. Patrick Ocailap, said the initiative is intended to diversify infrastructure financing sources while attracting both regional and international investors seeking Shariah-compliant investment opportunities.
Among the key features of the Sukuk are its asset-backed and tradable structure, offering enhanced security and flexibility for investors.
In addition, the Sukuk’s coupon payments and redemption amounts are protected through Takaful insurance arrangements, while the rating process by the International Islamic Rating Agency (IIRA) is currently underway.
To further enhance investor appeal, the Government of Uganda has also provided tax exemptions on investors’ return payments linked to the Sukuk programme.
The session brought together secondary market players, institutional investors and key financial sector stakeholders to discuss opportunities within Islamic capital markets and explore ways to strengthen regional cooperation in infrastructure financing.
The initiative highlights the growing importance of Islamic finance products in East Africa, as countries increasingly turn to Sukuk instruments as an alternative mechanism for financing large-scale development projects.
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