× Digital News Videos Health & Science Lifestyle Opinion Education Cartoons Columnists Moi Cabinets Arts & Culture Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

MTN Uganda stake sale to be restricted to East Africans -regulator

By Reuters | July 24th 2020

The sale of a 20 per cent equity stake in MTN Uganda, the East African nation’s biggest telecoms operator, will be restricted to citizens of the East African Community trading bloc, a spokesman for the sector regulator told Reuters on Friday.

The government is forcing all its telecom operators, including MTN Uganda and the local unit of India’s Bharti Airtel,, to list a fifth of their shares on the local bourse to allow locals to benefit from the sector’s profits.

“The shares are restricted to Ugandans, and also citizens from the East African Community (EAC),” Ibrahim Bbosa, spokesman for the Uganda Communications Commission, the regulator, told Reuters.

There was no immediate comment from MTN Uganda.

The six members of the EAC are Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda.

Share this story
Covid-19 law lab to provide vital legal information for the global Covid-19 response
Stigmatization has been highly characterized during this pandemic with many fearing to be associated with persons who have tested positive for the vir
I eagerly await my baby's first steps
Spina Bifida, and though rare in the general population, it is the most common neural tube defect in the world