Africell Follows Three Companies To Exit Uganda Over Rotting Economy

Africell Follows Three Companies To Exit Uganda Over Rotting Economy

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By Spy Uganda

Kampala: Due to COVID-19 effects, Africell Uganda has announced its exit from Uganda following seven years of service that has seen the company being ranked the third telecommunication company in the country.

READ ALSO: Crumbling Economy? Game Stores Follows Shoprite, Exits Uganda Market!

According to an internal memo to its employees, the company is set to quit Uganda in the first week of October 2020.

“Africell UG will stop services on October 7, 2021. The decision is being made in the long-term interest of the Ugandan telecom sector. We believe that the opportunity to achieve this impact is increasingly limited. We have therefore taken the difficult decision to permanently end Africell UG’s operations in Uganda.”

READ ALSO: Staggering Economy: Smart Telecom Joins Game Stores, Shoprite As It Also Quits Uganda

According to reports, this decision was after a survey about the future of the company in Uganda that revealed can longer achieve the dream of impacting through a digitally-led transformation of society and consequently hence closing its services.

The development comes a few days after Smart Telecom which is owned by the Aga Khan Fund for Economic Development (AKFED), announced that due to the effects of Covid was forced to quit Uganda.

READ ALSO: We Can’t Stand Your Competition: Shoprite Exit Uganda Over Shoppers’ Decline

Smart Telecom, which is the brand name of Sure Telecom and is owned via an intermediary called Industrial Promotion Services (IPS) in Kenya, said all services stopped on 31 August.

The above also followed the duo announcements by two giant companies Shoprite and Game stores that could not continue operations in Uganda.

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