Entebbe, Uganda – The Ugandan government has entered into a partnership with Dubai-based Rowad Capital Commercial (RCC) to breathe new life into the state-owned Uganda Telecommunications Corporation Limited (UTCL). The move is part of a broader strategy to bolster the country’s telecommunications sector and stimulate economic growth.
President Yoweri Museveni, who witnessed the signing ceremony on October 25th, emphasized the significance of the partnership in creating jobs and driving economic development. “Our main interest is to get investors to create wealth and jobs,” he stated.
ICT and National Guidance Minister Dr. Chris Baryomunsi expressed gratitude to the President for his commitment to reviving UTCL. “I would like to express my appreciation to our President, who has worked hard to see that we bring new life to UTCL,” he said, pledging full support to RCC.
RCC CEO Chaher Al Taki expressed enthusiasm for the partnership and hinted at potential future investments in Uganda. “Uganda is our second home, and we can invest in more projects here as we had promised,” he said.
The signing ceremony, held at State House Entebbe, was also attended by key government officials, including First Lady Janet Museveni, Minister of State for Investment Evelyn Anite, and Minister of State for Finance, Planning, and Economic Development Henry Musasizi.
