Category: Uganda
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Investors in EABL Uganda unit eye major windfall in buyout
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Minority shareholders in Uganda’s EABL subsidiary Uganda Breweries Limited (UBL) are set to receive a windfall of up to 34 times their historical investment in the company when they sell their 1.81 percent stake to EABL through a tender that opened a week ago. Files in EABL’s 2024 annual report…
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Starlink stirs rivalry with planned Uganda, Tanzania, Burundi entry
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Starlink, the internet services company owned by billionaire Elon Musk, aims to enter the markets of Uganda, Tanzania, Burundi and Zimbabwe by the end of this year, hoping to strengthen its presence in the region and spark competition with established telecom companies. In a schematic posted on its website, the…