The Big Story

INVESTIGATION: Uganda Telecom takeover deal brews bitter fight between ICT Ministry and NITA-U officials

Despite presidential directives and a subsequent MoU between the government and Rowad Capital Commercial LLC (RCC), there are last-minute efforts by MOICT Minister, Chris Baryomunsi (left) and the NITA-U Executive Director, Dr. Hatwib Mugasa (right) to hoard some NITA-U assets from the deal. This has caused some friction between NITA-U and the MoICT & NG Permanent Secretary, Dr. Aminah Zawedde who insists the Presidential orders must be observed to the letter.
by Paul Murungi
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The proposal to form a new national telecommunications company was curved out at a high- stakes meeting that was held at State House, Entebbe on Friday 12th, March 2021.  The new telecom was a directive from President Museveni based on the legal advice from Attorney General Kiryowa Kiwanuka, which would be owned by government with the Ministry of Finance owning 60 percent shareholding whil
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About the Author

Paul Murungi is a Ugandan Business Journalist with highly specialised financial journalism training from South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage involves ground breaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the general Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards in business and technology at the ACME Awards.