• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
Gov’t partners with UAE’s Rowad Capital to revive Uganda Telecommunications Corporations

Gov’t partners with UAE’s Rowad Capital to revive Uganda Telecommunications Corporations

April 7, 2025
How NRM bosses turned Kalangala yellow as NUP lost grip

How NRM bosses turned Kalangala yellow as NUP lost grip

June 26, 2026
Rotary Club of Kampala East Celebrates Kaziro Kyambadde as District Governor Nominee Designate

Rotary Club of Kampala East Celebrates Kaziro Kyambadde as District Governor Nominee Designate

June 26, 2026
Uganda Police arrest suspected violent robbers following intelligence-led crackdown

Uganda Police arrest suspected violent robbers following intelligence-led crackdown

June 26, 2026
Renowned tiktoker Chicken Chicken arrested over malicious damage of a vehicle

Renowned tiktoker Chicken Chicken arrested over malicious damage of a vehicle

June 26, 2026
Absa Bank Named Green Financial Institution Award at Sustainability Awards

Absa Bank Named Green Financial Institution Award at Sustainability Awards

June 26, 2026
Over 500 suspected criminals arrested in major crackdown

Over 500 suspected criminals arrested in major crackdown

June 26, 2026
How FINCA Spesho Is Opening Doors for First-Time Banking Customers

How FINCA Spesho Is Opening Doors for First-Time Banking Customers

June 26, 2026
Viral video triggers police crackdown as Ugandan man arrested over alleged crime references

Viral video triggers police crackdown as Ugandan man arrested over alleged crime references

June 26, 2026
VP Alupo urges national unity as Isingiro district celebrates success in service delivery

VP Alupo urges national unity as Isingiro district celebrates success in service delivery

June 25, 2026
Fish farming transforming household incomes in Kyenjojo, says Deputy RDC

Fish farming transforming household incomes in Kyenjojo, says Deputy RDC

June 25, 2026
DNA tests end years of uncertainty over Ugandan music icon Paul Kafeero’s real children

DNA tests end years of uncertainty over Ugandan music icon Paul Kafeero’s real children

June 25, 2026
Uganda Law Society Declares Nationwide Strike Over Torture and Rule of Law Concerns

Uganda Law Society Declares Nationwide Strike Over Torture and Rule of Law Concerns

June 25, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, June 27, 2026
  • Login
Ugnews Line
  • Home
  • News
    • Sports
    • Crime
    • Business
    • Politics
    • Blogs
  • Tech
  • Agriculture
  • Opinion
  • Entertainment
  • Lifestyle
Ugnews Line
No Result
View All Result
Home News Business

Gov’t partners with UAE’s Rowad Capital to revive Uganda Telecommunications Corporations

Chris Baryomunsi, the Minister of ICT and National Guidance, announced that RCC will acquire a 60% stake in UTel, while the government retains a 40% share.

by J Andrew
April 7, 2025
in Business, News, Science, World
Reading Time: 2 mins read
A A
0
Dr. Chris Baryomunsi (Extreme Left).

Dr. Chris Baryomunsi (Extreme Left).

14
SHARES
77
VIEWS
Share on FacebookShare on TwitterLinkedinWhatsAppEmail

The Ugandan government is taking significant steps to revitalize the Uganda Telecommunications Corporation (UTel) following the securing of investment commitments from Rowad Capital Commercial LLC (RCC), a company based in the United Arab Emirates (UAE). This partnership is aimed at strengthening UTel’s capacity to manage and commercialize the ICT National Backbone Infrastructure (NBI) in Uganda.

Dr. Chris Baryomunsi, the Minister of ICT and National Guidance, announced that RCC will acquire a 60% stake in UTel, while the government retains a 40% share.

Of the government’s 40% share, 25% will be held by the Ministry of Finance, Planning, and Economic Development, with the Ministry of ICT and National Guidance holding the remaining 15%.

The Minister disclosed these details during a presentation to the Parliamentary Committee on ICT and National Guidance.

He further revealed that RCC’s investment would start with an initial US$25 million, followed by an additional US$200 million over the next three years, positioning UTel for growth and enhanced service delivery in Uganda’s telecommunications sector.

“We have had negotiations and are signing agreements for the new partnership to take effect. Government agreed that we transfer the management and commercialisation of the NBI from Soliton Telmec to UTel,” Baryomunsi said.

Legislators raised concerns about the running contract with Soliton Telmec that was contracted by NITA-U to manage the NBI.

Committee Chairperson, Tony Ayoo noted that the National Information Technology Authority – Uganda (NITA-U) contracted Soliton Telmec on a 15-year agreement, with the company in its 12th year of implementing the NBI project.

“Would it not be cheaper to allow Soliton to run their contract for the remaining three years? This period is not too much if it is negotiated well so that we get Soliton out without any cost,” Ayoo said.

Baryomunsi said RCC indicated interest to make immediate investment and thus waiting for the contract with Soliton Telmec to end would delay the recapitalisation opportunity for UTel.

“A decision was taken to terminate the contract with Soliton, which will have financial implications due to compensation. The Auditor General has carried out an audit and advised on the implications which government will pay,” said Baryomunsi.

He also noted that the new partnership will increase government’s gains from the NBI project, as well as strengthen the commercialisation aspect.

“The NBI has largely been used by government agencies with few clients from the private sector. If we fully commercialise it, we will open it up to the private sector so that we can fetch more money,” Baryomunsi added.

He said a Board of UTel has been appointed comprising members from government and RCC, which will make a formal resolution that will create a bank account for the initial investment to be made.

For the financial year 2025/2026, the Ministry presented a budget request of over Shs205 billion to cater for recurrent and development expenditures, as well as arrears worth over Shs100 billion.

NITA-U requires a total of Shs268 billion including arrears (Shs10.3 billion) for the 2025/2026 financial year.

Baryomunsi said the Ministry faces challenges including slow automation of government systems and processes, inadequate uptake of ICT due to high costs of internet and ICT equipment, plus existence of many stand-alone government systems that are not synchronised.

“In the next financial year, we aim to improve efficiency in business processes and public service delivery as well as strengthen the enforcement of policies, laws and regulatory frameworks and institutional coordination,” Baryomunsi said.

Tags: Dr. Chris BaryomunsiMinistry of ICT and National GuidanceNational Information Technology Authority - Uganda (NITA-U))Uganda Telecommunications Corporation (UTeL)
J Andrew

J Andrew

Related Posts

How NRM bosses turned Kalangala yellow as NUP lost grip

How NRM bosses turned Kalangala yellow as NUP lost grip

by Ugnewsline Reporter
June 26, 2026
0
61

For years, Kalangala was increasingly being portrayed by the opposition as fertile ground for the National Unity Platform (NUP), with...

Rotary Club of Kampala East Celebrates Kaziro Kyambadde as District Governor Nominee Designate

Rotary Club of Kampala East Celebrates Kaziro Kyambadde as District Governor Nominee Designate

by Kitts D Mabonga
June 26, 2026
0
105

The Rotary Club of Kampala East is celebrating a historic milestone following the election of Rotarian Kaziro Kyambadde as the...

Uganda Police arrest suspected violent robbers following intelligence-led crackdown

Uganda Police arrest suspected violent robbers following intelligence-led crackdown

by J Andrew
June 26, 2026
0
70

Ugandan police have arrested two suspected members of a violent criminal gang believed to be behind a series of aggravated...

Renowned tiktoker Chicken Chicken arrested over malicious damage of a vehicle

Renowned tiktoker Chicken Chicken arrested over malicious damage of a vehicle

by Ugnewsline Reporter
June 26, 2026
0
67

Police in Uganda arrested a renowned tiktoker and social media influencer in connection with the alleged malicious damage of a...

  • Makerere University’s CEDAT Trains 250 Construction Site Workers

    Makerere University’s CEDAT Trains 250 Construction Site Workers

    15 shares
    Share 6 Tweet 4
  • Makerere’s CHUSS Pledges to Strengthen Collaboration with JICA Program for Japanese Studies

    23 shares
    Share 9 Tweet 6
  • Gov’t, UWASNET Unveil first-ever WASH Impact and Influence Awards’ categories

    35 shares
    Share 14 Tweet 9
  • The search for Miss and Mr University Uganda is Back

    68 shares
    Share 27 Tweet 17
  • The third edition of Business Languages Festival 2025 launched

    28 shares
    Share 11 Tweet 7
How NRM bosses turned Kalangala yellow as NUP lost grip

How NRM bosses turned Kalangala yellow as NUP lost grip

June 26, 2026
Rotary Club of Kampala East Celebrates Kaziro Kyambadde as District Governor Nominee Designate

Rotary Club of Kampala East Celebrates Kaziro Kyambadde as District Governor Nominee Designate

June 26, 2026
Uganda Police arrest suspected violent robbers following intelligence-led crackdown

Uganda Police arrest suspected violent robbers following intelligence-led crackdown

June 26, 2026
  • Trending
  • Comments
  • Latest
Ugandan Veterinary Professionals Petition Government Over “Punitive” Licensing Fee Hike

Ugandan Veterinary Professionals Petition Government Over “Punitive” Licensing Fee Hike

April 30, 2026
Over 500 Students Gather at Gayaza High for 11th Annual School Farm Camp

Over 500 Students Gather at Gayaza High for 11th Annual School Farm Camp

August 23, 2025
UCE RESULTS: Fort Portal secondary school shines again

UCE RESULTS: Fort Portal secondary school shines again

February 11, 2025
Sex worker found dead in a lodge, police launch investigation

Sex worker found dead in a lodge, police launch investigation

September 10, 2025
Busoga’s Coffee Farmers Told to Register or Risk Losing Market Share

Busoga’s Coffee Farmers Told to Register or Risk Losing Market Share

1
Members of parliament propose a motion for gov’t to establish waste management fund

Members of parliament propose a motion for gov’t to establish waste management fund

1
Moneylenders guide public on how to steer clear of illegal operators

Moneylenders guide public on how to steer clear of illegal operators

1
Yara, Ministry of Agriculture partners to Strengthen Agricultural Standards

Yara, Ministry of Agriculture partners to Strengthen Agricultural Standards

1
How NRM bosses turned Kalangala yellow as NUP lost grip

How NRM bosses turned Kalangala yellow as NUP lost grip

June 26, 2026
Rotary Club of Kampala East Celebrates Kaziro Kyambadde as District Governor Nominee Designate

Rotary Club of Kampala East Celebrates Kaziro Kyambadde as District Governor Nominee Designate

June 26, 2026
Uganda Police arrest suspected violent robbers following intelligence-led crackdown

Uganda Police arrest suspected violent robbers following intelligence-led crackdown

June 26, 2026
Renowned tiktoker Chicken Chicken arrested over malicious damage of a vehicle

Renowned tiktoker Chicken Chicken arrested over malicious damage of a vehicle

June 26, 2026
Ugnews Line

Copyright © 2024 Ugnewsline.

Navigate Site

  • Home
  • News
  • Tech
  • Agriculture
  • Opinion
  • Entertainment
  • Lifestyle

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Sports
    • Crime
    • Business
    • Politics
    • Blogs
  • Tech
  • Agriculture
  • Opinion
  • Entertainment
  • Lifestyle

Copyright © 2024 Ugnewsline.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.