Privatised Unlisted companies to be sued

The following companies were to have offered to the public at least 10-20% of their holdings.

1. Uganda Telecom Limited. (lead advisor Data Bank Consortium)
2. Lake Victoria Hotel.
3. Apollo Hotel
4. Barclays Bank
5. Tororo Cement Works
6. National Insurance Corporation
7. Kakira Sugar Works
8. Kinyara Sugar
9. Uganda Grain Milling (now insolvent)

This would raise the number of local listed companies from 6 to 15.

The director of the privatisation unit has asked the solicitor general to seek legal redress
to ensure that these companies list according to the east african.

I wonder how this will proceed.

With the budget coming up in a couple of weeks or less, the best way forward would be to give tax incentives
to companies that list on the exchange.