Market Insight

Uganda’s government puts pressure on MTN to repatriate profits and list locally

March 20, 2019  | Subscribers Only

Bashir Ali Bashir Ali Research Analyst, Service Providers and Platforms

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In February 2019, MTN's Uganda unit faced unprecedented pressure from the government of Uganda. This pressure took the form of numerous MTN Uganda executives being abruptly deported from the country on the grounds that they posed a threat to Uganda's national security. However, in reality, these unilateral actions by Uganda's government was most likely driven by the Office of the President which has accused MTN Uganda of repatriating profits outside of Uganda without the state's permission. Another source of agitation from the government's side is MTN Uganda's constant delay in setting out a timeline of when the telco would list on Uganda's local bourse.

Africa Uganda
MTN MTN Uganda
Research by Market
Mobile & Telecom
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