Opening of the new Pabidi Lodge, Uganda

Inqo Investments Limited

Press release at 30 April 2026

Opening of the new Pabidi Lodge, Uganda

Inqo Investments Limited ("Inqo" or "the Group") is a South African based social impact company that invests in businesses that tackle poverty and environmental challenges in Sub-Saharan Africa.

The Board of Inqo is pleased to announce the opening of Pabidi Lodge, the Group's second  eco-luxury hospitality asset located in Uganda's Budongo Forest, within the broader Murchison Falls National Park ecosystem.

Pabidi Lodge is the only 5-star lodge situated within the 800 square kilometre Budongo Forest reserve, one of East Africa's most significant biodiversity habitats and home to more than 600 chimpanzees. The forest is internationally recognised for its ecological importance and historical association with the late Dr Jane Goodall's primate research.

The development comprises a main lodge and 10 luxury tented suites, offering guests premium access to one of Africa's most distinctive conservation destinations. Experiences include chimpanzee trekking, River Nile wildlife excursions and safari access to Uganda's renowned Big Five within Murchison Falls National Park.

The Group expects Pabidi Lodge to be revenue-generative within the current financial year.

Pabidi Lodge represents the first operational enterprise under Inqo's broader Conservation and Rural Enterprise ("CARE") strategy in Budongo. The CARE initiative is designed to address deforestation and ecosystem degradation by creating sustainable economic opportunities for surrounding communities through scalable, profitable, factory-based and tourism-linked enterprises. Three additional CARE-linked enterprises in the surrounding village are currently at various stages of development and are expected to further strengthen local employment, conservation incentives and rural economic resilience.

The CARE project has been developed in partnership with the Uganda Wildlife Authority (UWA) and the National Forest Authority (NFA).

Inqo's joint-venture partner, Great Lakes Collection, an established regional hospitality operator, will oversee lodge management and operational delivery.

K.S. Tan, Executive Chairman of Inqo Investments Limited, commented:

"The opening of Pabidi Lodge marks a significant strategic milestone for Inqo. This is more than a hospitality asset - it is a demonstration of our ability to align commercial returns with conservation and community transformation. Through CARE, we are creating a scalable model that protects critical ecosystems while generating sustainable livelihoods. Pabidi Lodge is the next step in what we believe can become a powerful blueprint for responsible investment across Africa."

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

K.S Tan                                                                                  Robyn Steyn

Chairman                                                                            Chief Financial Officer

Enquiries:

Inqo Investments Limited

Robyn Steyn, Chief Financial Officer                                           [email protected]

Bowsprit Partners Limited (Corporate Adviser)                  

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