Appointment of Mr. Donald Nyakairu as Provisional Administrator for Vodafone Uganda.
Vodafone Uganda will be embarking on a new strategy that will involve a significant realignment of its commercial focus and operational model.
While parts of this strategy are being implemented and others are in the process of being rolled out, the Board recently decided that it will be necessary to make further changes to turn around the company much faster.
To that end the board has decided to appoint an experienced Provisional Administrator to help better restructure the business. Forthwith, Mr Donald Nyakairu, a highly experienced corporate commercial lawyer with particular expertise in the information technology and telecommunications sector, with over 29 years’ experience, has been appointed Provisional Administrator of Vodafone Uganda.
The appointment of a Provisional Administrator is a standard business practice that aims to improve the fortunes of a company facing financial or administrative challenges.
The Provisional Administrator, in carrying out this mandate, has a professional duty to be independent and accountable to the diverse groups of people with different interests in the Company. These include directors, shareholders, creditors employees and customers. He will treat all these groups fairly and in accordance with their legal rights.
We have communicated this development to the Uganda Communications Commission and other relevant authorities who have expressed their full support for our efforts.
The board and the shareholders are confident that given Mr. Nyakairu’s vast experience in the telecommunications sector, this appointment will have a positive transformative impact on the Company and allow Vodafone Uganda to continue providing Uganda’s best 4G voice and data experience.
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