(Ecofin Agency) - This year, Ugandan nationals’ shares in MTN Uganda could rise to 20%. This was revealed by Rob Shuter (photo), CEO of MTN group, on NTV Uganda. The executive indicated that this year, the operator would increase the percentage of MTN Uganda’s equity owned by nationals from 4% to 20%.  

“What we now need to do is really engage in the market and with the authorities as to what is the demand, how much funds are available, how best to structure that,” Rob Shuter explained.

“We’ve been in discussions with the NSSF. This is a potential investor in MTN Uganda... This is a way to get broad-based participation without necessarily having to go through all the complexity of the listing,” he added on March 13, 2019.

He was in Uganda in the framework of Africa Now Conference held on March 12-13, 2019 at the Commonwealth Resort in Munyonyo.

During the international meeting, Rob Shuter discussed with Yoweri Museveni, Uganda’s president for a way out in the crisis between MTN Uganda and the country.