Muhoozi & Co. Advocates advises East African Eye in its lead investment into MATE

Muhoozi and Co. Advocates has successfully advised an international investment group on its lead investment in MATE, an innovative technology startup based in Nairobi, Kenya. This significant investment will accelerate MATE's expansion across East Africa and support its mission to revolutionize mobile technology accessibility in underserved communities.

MATE has developed a proprietary platform that enables affordable smartphone access combined with digital literacy training, specifically designed for the East African market. With this new funding, the company plans to scale its operations in Kenya and expand into Uganda and other neighboring countries.

This investment represents a significant milestone for tech entrepreneurship in East Africa, said Namara Mugyenyi, Partner at Muhoozi and Co. Advocates. We're proud to have facilitated this transaction that will bring tangible benefits to communities across Kenya and Uganda while supporting the region's growing technology ecosystem.

The transaction involved complex cross-border considerations, including regulatory approvals in multiple African jurisdictions. Our team provided comprehensive legal advice spanning corporate, intellectual property, regulatory compliance, and employment matters.

This deal highlights the increasing international investor interest in African technology ventures and underscores our firm's expertise in facilitating investments that promote innovation and economic development across East Africa.

For more information please read the press release here (Danish).