
Rowad Capital to Acquire 60% Stake in Uganda Telecommunications, Aims to Revitalize NBI
Rowad Capital Commercial (RCC) will acquire a 60% stake in Uganda Telecommunications Corporation (UTel) as part of a plan to manage and commercialize Uganda’s ICT National Backbone Infrastructure. The partnership involves an initial investment of US$25 million, with plans to invest an additional US$200 million over three years.