Govt to consider liquidating Uganda Telecom

Jan 19, 2017

In the meantime, government will institute a number of measures to ensure that the company is revived

Minister David Bahati while appearing before the select committee. Photo by Maria Wamala

Government may be forced to liquidate its assets in Uganda Telecom if it does not pick up within one year.

This was revealed by the Minister of State for Planning, David Bahati, while appearing before the select committee instituted by Speaker Rebecca Kadaga to look into the gross mismanagement of funds within the telecom company.

While interacting with members of the committee, Bahati noted that whereas government has been forced to consider this option, it will in the meantime institute a number of measures to ensure that the company is revived.

These among others include investing in more technology for the company, overhauling its current management in addition to looking for better investors for the company.

"For strategic reasons, it is important that we own shareholding in a telecom company" Bahati said.

"We think that we can give Uganda Telecom another chance and see how the whole of this year moves and if it doesn't work, we know that as we are very calculative to make sure that we minimise on the loses that we are making right now" he added.

However the legislators led by the committee chair, Chwa West County MP Okin Ojara, questioned Bahati on how the government will monitor the company's revival in addition to ensuring that the issues of mismanagement are addressed.

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