- LONDON BASED FIRM GLOBELEQ ANNOUNCED CONSTRUCTION OF WIND POWER PLANT IN MOZAMBQIUE
- HOW SOUTH AFRICA SHUTDOWN COAL-FIRED POWER PLANT TO SECURE US$2.5BILLION CLIMATE FUND
- ELECTRICITY LINE RESTORED IN DOUALA BUT CONCERN STILL THERE IN CAMEROON
- RESCUE OPERATION STILL ONGOING OVER COLLAPSED BUILDING IN GEORGE, SOUTH AFRICA
- WORLD BANK APPROVED US$68M FOR GIRAV PROJECT IN THE GAMBIA
CRISIS AT MTN UGANDA FOLLOWING GOVERNMENT INVESTIGATION
There is currently a crisis at MTN Uganda involving the government and top executives.
MTN Uganda, East Africa’s biggest telecoms operator is facing investigation on false declaration of revenue and other business activities. Following these investigations, Uganda’s government initiated a move to expel Wim Vanhelleputte, Chief Executive of MTN Uganda from the country. The government has cited national security issues as the reason for the actions taken against the company. Early this year, the Ugandan government expelled two top executives at the company citing same reason. Some suspect that these developments are politically motivated as the country prepares itself for a general election.
ABOUT MTN GROUP
MTN Group is Africa’s biggest telecom company operating across the continent. Recently, the telecom giant has been under serious pressure from some host countries. In Nigeria, the company is currently in a legal battle with the government over tax related issues. Read more about this here