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Uganda seizes control of Libyan stake in telecom

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Posted March 29, 2011 by Ugandan Diaspora News Team in Business ~ 1,929 views

     


KAMPALA (Reuters) – Uganda’s government said on Tuesday it had seized control of Libya’s majority stake in Uganda Telecom to comply with U.N. sanctions.

“We have exercised our oversight and regulatory role and decided to impose an oversight regime on the company,” Information, Communication and Technology Minister Aggrey Awori told Reuters. (Reporting by Elias Biryabarema; editing by Richard Lough and Jon Boyle


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Ugandan Diaspora News Team

Ugandan Diaspora News Online is an independent, non political news portal primarily aimed at serving Ugandans who work and reside outside Uganda. Our aim is to be a one stop shop for everything Ugandan and the celebration of our Ugandan heritage.

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