Uganda Telecom (UTL), a joint venture between Libya’s Lap GreenN and the Ugandan government, has announced the resignation of its managing director and board member Ali Amir for personal reasons.
Amir first joined UTL in July 2012 as CFO and was…
Uganda Telecom (UTL), a joint venture between Libya’s Lap GreenN and the Ugandan government, has announced the resignation of its managing director and board member Ali Amir for personal reasons.
Amir first joined UTL in July 2012 as CFO and was promoted to MD a year later. He has agreed to stay on at the company until May to serve out his notice period and hand over to his successor, according to a company statement. Shareholders have not yet decided upon a replacement.
UTL board chairman Stephen Kaboyo thanked Amir for “his untiring efforts to continue the UTL turnaround despite such challenging circumstances”, describing his resignation as a big loss for the company.
Lap GreenN CEO Wafik Shater also thanked Amir for his efforts during “difficult times”. He stressed that, as the majority shareholder, Lap GreenN is fully committed to UTL and intends to nominate a successor within the next few weeks.
Lap GreenN regained control over UTL in 2012, reprising its 69% stake and embarking on a restructuring programme. Assets owned by the Libyan state had previously been frozen in line with UN Security Council sanctions against the regime of Muammar Gaddafi.
The Ugandan mobile market has seven operators, making it harder for the smallest players to compete against market leaders MTN and Airtel.
