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@chimpreports Tue, 27 Feb 2024 05:31:34

Museveni: Give UAE Investor 60% of Uganda Telecom, ICT Backbone for $250m

Ugandan government officials are racing to implement a presidential directive granting a United Arab Emirates (UAE) investment firm, ROWAD Commercial Broker LL.C., a 60% stake in Uganda Telecommunication Corporation Limited (formerly UTL) and the exclusive rights to manage the National Backbone Infrastructure (NBI). In a letter dated December 22, 2023, Museveni wrote to ICT Minister …

The post Museveni: Give UAE Investor 60% of Uganda Telecom, ICT Backbone for $250m first appeared on ChimpReports.

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