Prime

MTN Uganda to pay $100m in taxes, list 20pc shares for long-term licence

MTN booths in Kampala, Uganda. MTN is expected to guarantee 100 per cent geographical coverage of the country. FILE PHOTO | NMG

By  RAYMOND TAMALE

Telecom giant MTN Uganda will list at least 20 per cent of its shares on the Uganda Securities Exchange, and pay $100 million in blanket taxes as part of the conditions for it to be issued with a long term licence.

This marks the end of a three-year tussle with the government, and finally securing the future of MTN operations in Uganda.

Be the First to Know

Get the stories shaping East Africa — delivered straight to your inbox

Conflict

  1. Will a new leader and new name boost the rebellion in eastern Congo?

  2. Abdel Fattah Al-Burhan

    PRIME Burhan commits to Trump-led peace efforts in Sudan

  3. US pressures Ethiopia and Eritrea to de-escalate

  4. PRIME Somalia piracy resurgence: Who dropped the ball?

Latest

  1. PRIME Gulf crisis could be a blessing in disguise for EA ports

  2. PRIME Rwanda bags Formula One, blows up Africa’s 2030 infrastructure report card

  3. African activists speak out against IMF and World Bank as cost-of-living soars

  4. PRIME  Tanzania tightens border controls over Ebola

In the headlines

View All