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Vodafone Goes Bankrupt

AFRIMAX Uganda Limited,  the parent company of Vodafone Uganda has declared insolvency and an administrator has been appointed.

Vodafone has run bankrupt

According to reliable information obtained by Business Focus, the High Court (Civil Division) on February 15, 2018 appointed Donald Nyakairu as the administrator for the collapsing company.  Mismanagement and high debts have been blamed for the collapse of the telecom firm that joined the Ugandan market in 2014. Detailed analysis on why the company literally collapsed to follow;

 

 

 

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Richard Kamya
http://businessfocus.co.ug
Media Executive, writer @ businessfocus.co.ug

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