Drake Lubega
Overview
Drake Lubega is a prominent Ugandan businessman and investor, best known for his extensive real estate holdings in Kampala. As the majority shareholder of Jesco Industries Limited (JIL), he has developed and owns numerous commercial properties, including shopping arcades, office buildings, and rental apartments. His investments have significantly contributed to the urban development of Kampala, positioning him as a key figure in Uganda's real estate sector. In addition to real estate, Lubega has diversified his portfolio to include interests in manufacturing and hospitality. His ventures in these sectors have further solidified his status as a leading entrepreneur in Uganda. Despite facing legal challenges, including a conviction in 2019 for producing substandard goods and counterfeiting quality marks, Lubega's business activities continue to influence the Ugandan economy. Lubega's wealth is estimated at $850 million, reflecting his successful investments and business acumen. His influence extends beyond real estate, impacting various industries and contributing to the economic landscape of Uganda and the broader East African region.
Investment Focus
- Established businesses with a proven track record
- Projects with significant growth potential
- Opportunities in urban development and infrastructure
- Investments in sectors such as manufacturing and hospitality
- Collaborations with local and regional partners
Portfolio Companies
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Unlock full contacts →Frequently asked questions about Drake Lubega
What sectors does Drake Lubega invest in?
Drake Lubega invests in Financial Services, Technology, Healthcare, Energy, Real Estate and Telecommunications, and is based in Central Region, Uganda. Drake Lubega is listed as a private investment firm in the ConnectSafely investor database.
What stage does Drake Lubega invest at?
Drake Lubega backs companies at Growth, Late Stage and Buyout, writing cheques of 1M - 50M.
Which regions does Drake Lubega invest in?
Drake Lubega invests across Ghana, Kenya, Egypt, Tunisia, Libya and Morocco.
What companies has Drake Lubega invested in?
Drake Lubega's portfolio includes Jesco Plaza, Majestic Plaza, Astoria Plaza, Titanic Building, Qualicel Bus Terminal, Totali Building, Kikuubo Buildings and Nakivubo Blue.
Last updated · Source: ConnectSafely investor database