{"id":7768,"date":"2019-01-24T11:12:26","date_gmt":"2019-01-24T08:12:26","guid":{"rendered":"https:\/\/ugmirror.com\/?p=7768"},"modified":"2019-01-24T11:12:30","modified_gmt":"2019-01-24T08:12:30","slug":"ugandans-should-own-shares-in-mtn-museveni","status":"publish","type":"post","link":"https:\/\/ugmirror.com\/index.php\/2019\/01\/24\/ugandans-should-own-shares-in-mtn-museveni\/","title":{"rendered":"Ugandans Should Own Shares In MTN \u2014 Museveni"},"content":{"rendered":"\n<p>President Museveni has advised the MTN Group Chief\nExecutive Officer, Rob Shuter to float shares on the Uganda Stock Exchange so\nthat Ugandans can partly own the company.<\/p>\n\n\n\n<p>Museveni said this while meeting the MTN Group Chief Executive Officer in Davos, Switzerland. <\/p>\n\n\n\n<p>\u201cIn Davos, Switzerland, I met the MTN Group Chief\nExecutive Officer, Rob Shuter, discussing with him an array of issues. I\nadvised MTN to work towards floating shares on the Uganda Stock Exchange so\nthat Ugandans can partly own the company,\u201d said the President. <\/p>\n\n\n\n<p>Museveni further added that;<\/p>\n\n\n\n<p>\u201cLocal ownership is important because it helps us\nstem capital flight which happens when the company is fully foreign owned. The\nquestion of repatriating 100% of your profits yet there is little\nvalue-addition and wealth creation for Ugandans is unfair.\u201d<\/p>\n\n\n\n<p>\u201cI also warned against telecoms under declaring\ncalls and cheating our government of revenue. We have bought machines to track\nthese calls but it is still important that the companies do not engage in this\nvice.\u201d<\/p>\n\n\n\n<p>Museveni also revealed that the government is moving\nto ban foreign based betting companies because of capital flight.<\/p>\n\n\n\n<p>\u201cIt is for this reason that we are banning\nregistration of new fully-owned foreign betting companies while the old ones\nwill not have their licences renewed. All they do is accumulate money from\nUgandans then ship it out of the country.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Museveni has advised the MTN Group Chief Executive Officer, Rob Shuter to float shares on the Uganda Stock Exchange so that Ugandans can partly own the company. Museveni said this while meeting the MTN Group Chief Executive Officer in Davos, Switzerland. \u201cIn Davos, Switzerland, I met the MTN Group Chief Executive Officer, Rob Shuter, [&hellip;]<\/p>\n","protected":false},"author":27983,"featured_media":7769,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_paywall_metabox":[],"jnews_override_counter":[],"footnotes":""},"categories":[98],"tags":[31],"class_list":["post-7768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ugandans Should Own Shares In MTN \u2014 Museveni - Uganda Mirror<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ugmirror.com\/index.php\/2019\/01\/24\/ugandans-should-own-shares-in-mtn-museveni\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ugandans Should Own Shares In MTN \u2014 Museveni - Uganda Mirror\" \/>\n<meta property=\"og:description\" content=\"President Museveni has advised the MTN Group Chief Executive Officer, Rob Shuter to float shares on the Uganda Stock Exchange so that Ugandans can partly own the company. Museveni said this while meeting the MTN Group Chief Executive Officer in Davos, Switzerland. \u201cIn Davos, Switzerland, I met the MTN Group Chief Executive Officer, Rob Shuter, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ugmirror.com\/index.php\/2019\/01\/24\/ugandans-should-own-shares-in-mtn-museveni\/\" \/>\n<meta property=\"og:site_name\" content=\"Uganda Mirror\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/UgMirror\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-24T08:12:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-01-24T08:12:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ugmirror.com\/wp-content\/uploads\/2019\/01\/MTN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"641\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@UgMirror\" \/>\n<meta name=\"twitter:site\" content=\"@UgMirror\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/ugmirror.com\\\/index.php\\\/2019\\\/01\\\/24\\\/ugandans-should-own-shares-in-mtn-museveni\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ugmirror.com\\\/index.php\\\/2019\\\/01\\\/24\\\/ugandans-should-own-shares-in-mtn-museveni\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/ugmirror.com\\\/#\\\/schema\\\/person\\\/134950656d7567db5b0f404200cd5ce8\"},\"headline\":\"Ugandans Should Own Shares In MTN \u2014 Museveni\",\"datePublished\":\"2019-01-24T08:12:26+00:00\",\"dateModified\":\"2019-01-24T08:12:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ugmirror.com\\\/index.php\\\/2019\\\/01\\\/24\\\/ugandans-should-own-shares-in-mtn-museveni\\\/\"},\"wordCount\":231,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ugmirror.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ugmirror.com\\\/index.php\\\/2019\\\/01\\\/24\\\/ugandans-should-own-shares-in-mtn-museveni\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ugmirror.com\\\/wp-content\\\/uploads\\\/2019\\\/01\\\/MTN.jpg\",\"keywords\":[\"Featured\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ugmirror.com\\\/index.php\\\/2019\\\/01\\\/24\\\/ugandans-should-own-shares-in-mtn-museveni\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ugmirror.com\\\/index.php\\\/2019\\\/01\\\/24\\\/ugandans-should-own-shares-in-mtn-museveni\\\/\",\"url\":\"https:\\\/\\\/ugmirror.com\\\/index.php\\\/2019\\\/01\\\/24\\\/ugandans-should-own-shares-in-mtn-museveni\\\/\",\"name\":\"Ugandans Should Own Shares In MTN \u2014 Museveni - 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