34,000,000 shares are up for sale to individuals and will be traded at Ugx340 for every share a 5.56% discount from the current market price of Ugx360. Investors should also note that the usual brokerage charges 0f 2.1% will be charged on top of the amount of money they intend to invest. The $5 million worth offer opened at 10:00 am on the 13th May 2014 and will close on 30th May 2014. Foreign companies were barred from taking part in the trade of these shares. NUSAF projects commissioned Projects amounting to Ugx18billion under the Northern Uganda Social Action Fund…
Orange Uganda gives up, as MTN hits 9.5m!
Orange Uganda has finally bowed out of the Uganda market amid increasing competition, unpredictable regulatory environment and general high costs of doing business. Orange has registered limited success in Uganda since its official launch in early 2009, with a reported 620,000 thousand mobile subscribers as at the end of December 2013. As I wrote in January 2014, telecom is a numbers business. To break-even, a telecom company needs a minimum of 3 million subscribers due to high interconnect costs. Orange’s survival has been attributed to its flagship data service product – Orange Internet Everywhere. However, with the market leaders MTN…
