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Wireless

Uganda wants telcos to reserve shares for nationals

Wednesday 17 October 2018 | 14:48 CET | News
The Uganda government said telecommunications firms will be required to put aside a certain percentage of shares specifically for Ugandans. with a view to retaining dividends within the country, reports the Monitor. This part of the recently approved National Broadband Policy, which includes a requirement for telecom operators to list on the Uganda Securities Exchange. Frank Tumwebaze, the ICT and Information minister, told the Monitor that includes reserving a percentage of shares specifically for Ugandans.  

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Categories: Mobile & Wireless
Companies: Africell / MTN Uganda
Countries: Uganda
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