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TodayFriday, May 22, 2026

Evelyn Anite- Page 2

END OF AN ERA: The assets of Uganda Telecom, following a February 2022 assets sale, will be transferred to UTCL, a new telco formed by government in a legal manoeuvre to avoid paying debts, most of which were owed by the same government.

IT HAS ENDED IN TEARS: Uganda Telecom to be transferred to UTCL; the new gov’t owned telco outfit; over 110 companies to lose over UGX300bn in unpaid debts

Uganda Telecommunications Corporation Limited (UTCL)—the newly formed government-owned telco is expected to, this Friday, November 18th, 2022, take over the assets of the now insolvent Uganda Telecom. Uganda Telecom was previously owned
November 17, 2022
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Bemanya Twebaze (left) a former administrator of Uganda Telecom and Evelyn Anite the Uganda State Minister for Investment and Privatisation during a blood donation organised by Uganda Telecom. There existed very bad blood between the two over the management and attempted privatisation of the ailing telco.

The rise and death of Uganda Telecom and the birth of the new UTCL, a new 100% state-owned telco. But has Gov’t really learnt or forgotten anything?

In the period leading to the 2011 fall and subsequent death of Libyan Leader, Col Muammar Muhammad al-Gaddafi in October 2011, Uganda Telecom was a promising company. The previously state-owned telco was
November 6, 2022
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Then Uganda Telecom Administrator Bemanya Twebaze (right) handsover to current administrator, Ruth Sebatindira in January 2020. The current administrator is finalising sale of Uganda Telecom to a newly formed and government owned telco.

EXCLUSIVE: Uganda Telecom dissolved; newly formed Gov’t owned telco buys assets at USD 81.3 million

Uganda Telecom, the troubled former Libyan and Ugandan governments-owned telco has been sold to a newly formed Uganda government telco at UGX316.4 billion, CEO East Africa Magazine can exclusively reveal. The sale
October 30, 2022
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The Board Members and Representatives of the Executive Committe of PostBank together with Representatives the Shareholders, Anite Evelyn, Minister of State for Privatization and Investment and Haruna Kasolo, Minister of State for Microfinance during the Annual General Meeting (AGM) at the Ministry of Finance, Planning and Economic Development.

AGM: PostBank’s Authorized Share Capital to Increase by 400% as Resolved by Shareholders

Government has resolved to increase PostBank’s authorised share capital by 400% from UGX100 Billion to UGX500 Billion. For customers, this means that access to low-priced financing would further be enabled while the
August 24, 2022
President Ndayishimiye speaks after a tour of Picfare Industries plant in Kampala Industrial and Business Park, Namanve earlier today. Courtesy photo

Burundian President invites Ugandans to invest and trade in Burundi

The President of Burundi Evariste Ndayishimiye has hailed Ugandan investors for working hard and invited them to invest and trade with Burundi. President Ndayishimiye made the remarks after a tour of the
May 14, 2021
President Museveni (in hat) is joined by businessman Patrick Bitature (left) and investment Minister, Hon, Evelyn Anite at the launch of the mask-making Lida Packaging Products Limited in Mbalala, Mukono District. This company has a production capacity of 560,000 masks per day and is currently employing 315 Ugandan youth with more expected.

Gov’t to inject UGX1 trillion into Uganda Development Bank- Yoweri Museveni

President Yoweri Museveni has said that UGX1 trillion of the UGX1.9 trillion loan obtained from the International Monetary Fund (IMF) will be injected in the Uganda Development Bank (UDB), to enhance the
May 27, 2020
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