• Latest
  • Trending
NSSF BUYS INTO MTN AS RWANDAN OWNERS QUIT

NSSF BUYS INTO MTN AS RWANDAN OWNERS QUIT

25/01/2019
Desire to Demonstrate Integrity, Customer Responsiveness While Cleaning Up Pushes Equity Bank Uganda to Investigate Hundreds of Staff, Just Like It Was Recently Done by Equity Bank

Desire to Demonstrate Integrity, Customer Responsiveness While Cleaning Up Pushes Equity Bank Uganda to Investigate Hundreds of Staff, Just Like It Was Recently Done by Equity Bank

12/06/2025
30-Year-Old Kisekka Mechanic Faces 10 Years in Prison for Vandalizing Telecom Masts as UCC Lawyers Make Strong Showing in Makindye Utilities Court

30-Year-Old Kisekka Mechanic Faces 10 Years in Prison for Vandalizing Telecom Masts as UCC Lawyers Make Strong Showing in Makindye Utilities Court

12/06/2025
Schools Now a Hotbed for Student Mental Illness: Butabika Warns

Schools Now a Hotbed for Student Mental Illness: Butabika Warns

12/06/2025
Under UCC Pressure, Kyotera Tik Toker Admits Using Social Media to Abuse Top Govt Officials, apologizes for it & Gets himself remanded to Luzira

Under UCC Pressure, Kyotera Tik Toker Admits Using Social Media to Abuse Top Govt Officials, apologizes for it & Gets himself remanded to Luzira

11/06/2025
Anita Among Brands MP Who Knelt Before Her a Very Able Leader Who Deserves to Be Made a Minister in Museveni’s Cabinet

Anita Among Brands MP Who Knelt Before Her a Very Able Leader Who Deserves to Be Made a Minister in Museveni’s Cabinet

11/06/2025
Defiance Prevails as Man Who Calls Prison His 2nd Home Replaces Fred Nyanzi as New Head Mobilization in Bobi Wine’s NUP

Defiance Prevails as Man Who Calls Prison His 2nd Home Replaces Fred Nyanzi as New Head Mobilization in Bobi Wine’s NUP

11/06/2025
Breaking Chains: A Gripping Chronicle of South Sudan’s Struggle for Freedom Launched Globally

Breaking Chains: A Gripping Chronicle of South Sudan’s Struggle for Freedom Launched Globally

11/06/2025
Mao’s PA Asks to Be Transferred Over Justice Minister’s Refusal To Stop Criticizing Gov’t He Serves in

Mao: ‘Bobi Wine is a Worse Dictator Than Museveni But No One Criticizes Him Because he Compromised the Media’

12/06/2025
Whistleblowers Cry Foul as Gov’t Fails to Protect Them from Corrupt Officials, DPP Urges Law Amendment

Whistleblowers Cry Foul as Gov’t Fails to Protect Them from Corrupt Officials, DPP Urges Law Amendment

11/06/2025
UBOS Releases Local Census Data to Drive Parish-Level Development Planning

UBOS Releases Local Census Data to Drive Parish-Level Development Planning

11/06/2025
Gov’t Defends New Traffic Enforcement System as Life-Saving Tool Despite Public Misunderstanding

Gov’t Defends New Traffic Enforcement System as Life-Saving Tool Despite Public Misunderstanding

11/06/2025
MoH Dismisses Social Media Rumors: No COVID-19 Outbreak in Uganda

MoH Dismisses Social Media Rumors: No COVID-19 Outbreak in Uganda

11/06/2025
mulengeranews.com
  • Home
  • NEWS
    • GENERAL NEWS
    • MORNING BRIEFING
    • THE GIRAFFE
    • INVESTIGATIONS
    • INTERVIEWS
  • ECONOMY WATCH
    • BUSINESS NEWS
    • BUSINESS FEATURES
    • ENERGY
    • OIL & PETROLEUM
  • HEALTH & LIFESTYLE
  • GOSSIP
    • CORPORATE BUZZ
    • POLITICAL TRIVIA
    • CELEBRITY VIBE
    • CORPORATE EVENTS
  • UPCOUNTRY
    • UPCOUNTRY FEATURES
    • UPCOUNTRY NEWS
  • FLASHBACK
    • HISTORY-INSPIRED ARTICLES
    • POLITICAL SERIES
  • More
    • EDUCATION
    • MATTERS OF FAITH
    • CHRISTIAN FAITH
    • MUSLIM FAITH
    • P’PLE PROFILES
    • WEDDINGS & MARRIAGES
    • CONTACT US
No Result
View All Result
  • Home
  • NEWS
    • GENERAL NEWS
    • MORNING BRIEFING
    • THE GIRAFFE
    • INVESTIGATIONS
    • INTERVIEWS
  • ECONOMY WATCH
    • BUSINESS NEWS
    • BUSINESS FEATURES
    • ENERGY
    • OIL & PETROLEUM
  • HEALTH & LIFESTYLE
  • GOSSIP
    • CORPORATE BUZZ
    • POLITICAL TRIVIA
    • CELEBRITY VIBE
    • CORPORATE EVENTS
  • UPCOUNTRY
    • UPCOUNTRY FEATURES
    • UPCOUNTRY NEWS
  • FLASHBACK
    • HISTORY-INSPIRED ARTICLES
    • POLITICAL SERIES
  • More
    • EDUCATION
    • MATTERS OF FAITH
    • CHRISTIAN FAITH
    • MUSLIM FAITH
    • P’PLE PROFILES
    • WEDDINGS & MARRIAGES
    • CONTACT US
No Result
View All Result
mulengeranews.com
No Result
View All Result
Home NEWS

NSSF BUYS INTO MTN AS RWANDAN OWNERS QUIT

WALAKIRA JOSHUA by WALAKIRA JOSHUA
6 years ago
in NEWS
0 0
NSSF BUYS INTO MTN AS RWANDAN OWNERS QUIT
Share on FacebookShare on Twitter

By Mulengera Reporters
Rwandans have been owning up to 12% in MTN Uganda but gratefully they are finally out. All along Tri-Star Investments, which is a Kigali-based holding company, has been owning 12% shares in MTN Uganda. But according to MTN Group CEO Rob Shuter, South Africans have bought them out meaning Rwandans now won’t have more stake in MTN Uganda. Having previously bought out Telecom AB of Sweden which had 32.44% shareholding, South Africans now own MTN Uganda up to 96.45%. The remaining 3.55% belongs to Ugandan businessman Charles Mbiire. During the Wednesday meeting in Davos on the sidelines of the World Economic Forum meeting in Davos Switzerland, State House reveals that, Shuter told Museveni about advanced talks to have Richard Byarugaba’s NSSF buy significant shares in the MTN Uganda as part of preparations for the company to list on stock exchange so that South Africans can forfeit up to 30% shareholding in the company. Museveni says this will reduce public anger against foreign-owned companies MTN inclusive. During the meeting, the MTN boss owned up to some of the things the president has been complaining about and promised to ensure his team in Kampala begins treating Ugandans better. By listing on the stock exchange, MTN Uganda will join 17 other foreign-owned companies that listed earlier and between them, they account for Shs23trilion which is 24% of Uganda’s total wealth. Museveni assured Shuter that the MTN Uganda license will be renewed by UCC but under very strict conditions which the South African telecom giant will have to comply with.

Post Views: 1,019

Related Posts

Desire to Demonstrate Integrity, Customer Responsiveness While Cleaning Up Pushes Equity Bank Uganda to Investigate Hundreds of Staff, Just Like It Was Recently Done by Equity Bank
NEWS

Desire to Demonstrate Integrity, Customer Responsiveness While Cleaning Up Pushes Equity Bank Uganda to Investigate Hundreds of Staff, Just Like It Was Recently Done by Equity Bank

6 hours ago
30-Year-Old Kisekka Mechanic Faces 10 Years in Prison for Vandalizing Telecom Masts as UCC Lawyers Make Strong Showing in Makindye Utilities Court
NEWS

30-Year-Old Kisekka Mechanic Faces 10 Years in Prison for Vandalizing Telecom Masts as UCC Lawyers Make Strong Showing in Makindye Utilities Court

6 hours ago
Schools Now a Hotbed for Student Mental Illness: Butabika Warns
NEWS

Schools Now a Hotbed for Student Mental Illness: Butabika Warns

13 hours ago
Under UCC Pressure, Kyotera Tik Toker Admits Using Social Media to Abuse Top Govt Officials, apologizes for it & Gets himself remanded to Luzira
NEWS

Under UCC Pressure, Kyotera Tik Toker Admits Using Social Media to Abuse Top Govt Officials, apologizes for it & Gets himself remanded to Luzira

1 day ago
Anita Among Brands MP Who Knelt Before Her a Very Able Leader Who Deserves to Be Made a Minister in Museveni’s Cabinet
NEWS

Anita Among Brands MP Who Knelt Before Her a Very Able Leader Who Deserves to Be Made a Minister in Museveni’s Cabinet

1 day ago
Defiance Prevails as Man Who Calls Prison His 2nd Home Replaces Fred Nyanzi as New Head Mobilization in Bobi Wine’s NUP
NEWS

Defiance Prevails as Man Who Calls Prison His 2nd Home Replaces Fred Nyanzi as New Head Mobilization in Bobi Wine’s NUP

1 day ago

  • #13266 (no title)
  • Contact
  • Home
  • Homes

Copyright © 2025 All Rights Reserved by Mulengera News.

No Result
View All Result
  • #13266 (no title)
  • Contact
  • Home
  • Homes

Copyright © 2025 All Rights Reserved by Mulengera News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?