Daily Monitor
Tuesday May 11 2021
Closed shops in Namayiba Bus Park in 2020 during the lockdown. Figures from URSB show that between 2018 and 2020, over 21 companies were liquidated while 13 are currently under administration. PHOTO/Abubaker Lubowa
Summary
Uganda Registration Services Bureau statistics indicate that out of the 94 companies that had registered for liquidation, at least 26 companies have been liquidated, while two are in administration to help them survive their next phase of growth.
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At the end of 2008, Uganda Telecom (UTL) held a substantial market share in Uganda’s telecom space.
By then, Uganda had over 8.5 mobile subscribers. UTL held a cut throat competition in market leadership in terms of dominance with MTN for mobile and fixed telecom markets.