INVESTIGATION: Uganda Telecom takeover deal brews bitter fight between ICT Ministry and NITA-U officials
Paul Murungi
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.
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
Thank You for Reading CEO East Africa Magazine. You have exhausted your 5 free articles. You have to upgrade your account Please Subscribe for only UGX1,000 a day for unlimited access to all our game-changing stories.
