MTN Uganda: Forcing foreign Telcos to list locally may not boost Ugandan ownership, here’s why

PUBLISHED: Fri, 07 Feb 2020 14:53:26 GMT

In a move by the government to have all telecommunication firms in the country to list on local bourse, new operating licences will be effective in June under a new regime. Each foreign-owned firm will be required to list at least 20 per cent of its equity on the bourse within two years. Also implementation of digital tax stamps in the country which were introduced in efforts to increase tax compliance and fight counterfeits is facing challenges. Analyst Charles Bwogi joins CNBC Africa for more.

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.