The privatization
and investment minister in Ugganda, Evelyn Anite reveals that government is now
in a hunt for a new investor to inject money in UTL to have it revived back to
normal operations.
UTL is the
oldest county’s telecom service provider which lost out to private players in
early 2000 due to poor management.
She mentions
that a company dubbed Mauritius had a good finance muscle and technical
capability but later pulled out forcing government to give UTL to Telerogy
which had no money despite my warning, says the ministers. Though under strict financial
timeline of three months given to telerogy, its now down six months, the
company has not paid a single coin to government.
Anite now
says they are back in the market looking for investors be it local or foreign
to invest in the national company as a means to keep providing jobs to over 500 ugandans working for this company
in a means of promoting Uganda build Uganda.
The visibly
happy Anite now feels happy that government realized that what she said was
true and its now back on the market looking for a new investor be it local or
foreign to take on UTL.
END