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Added: 3 months 1 week ago
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Uganda telecom woes: Telecom has 400 billion shillings in fake debt
UTL Administrator Bemanya Twebaze, says that a record 400 Billion claims have since been verified and confirmed as fictitious.

The debt-riddled Uganda Telecom now has to deal with a combined obligation of half a Trillion shillings owed to the creditors as well pending dues from government agencies.

UTL Administrator Bemanya Twebaze, says that a record 400 Billion claims have since been verified and confirmed as fictitious.

He was speaking immediately after the government and a Chinese technology firm Xinlan Group, signed a Memorandum of Understanding to work out modalities for commercial production of phones in Uganda.