Innovate, empower and create prosperity for Buganda Kingdom.


To create Value from the Kingdoms vast resources.


Buganda Kuntiko


Buganda Investments & Commercial Undertakings Limited

Buganda Investments and Commercial Undertakings Limited (BICUL) aims at generating revenue from engagement in viable appropriate investment and commercial undertakings for financing or co-financing of Buganda’s economic, social and cultural developmental programs.
BICUL takes up its core role of a holding company of the Kingdom that own stake in various companies involved in production of goods & services and preservation of culture for the benefit of the Kingdom.

Core Mandate

  • To source, assess and use financial engineering to invest in various industries by leveraging the Kingdom resources and brand.
  • To seek joint venture partners and equity investors for specific projects and activities through the establishment of special purpose vehicles.
  • To allocate both financial capital and human resources effectively to ensure that the Kingdom maximizes its value.
  • To concentrate in BICUL the power of management and the activity of adding high value.
  • To leverage the selection of the Boards and executive representatives of the subsidiary companies which are under its dependence and control.
  • To ensure that the investments provide adequate contribution to the Kingdom’s resource envelope.
  • To adjust the Kingdom’s equity exposure to such companies based on their assessment of whether they are able to meet centrally defined operational and financial targets.


  • Wealth creation – The Kingdom will build assets through careful investments that will maximize returns for the Kingdom.
  • Accountable and transparent leadership – The Kingdom will act collectively with a strong sense of shared responsibility and mutual accountability.
  • Innovation – The Kingdom will turn challenges into opportunities and leverage on its rich endowment to maximize its income generating potential.
  • Partnership – The Kingdom believes in a common destiny for its subjects, and to succeed BICUL will work with everyone in the human family.
  • Hope and resilience – Our forefathers never failed Buganda, thus BICUL will provide hope and aim to make a better Buganda for the posterity.

Buganda Kuntiko

Our Partners

Some of Our Current Partners