28 NEW VISION, Monday, May 9, 2016 BUSINESS

SA finances under control — treasury South Africa’s treasury said on Saturday conclusion of the ratings review for a it was bringing public finances under possible downgrade of South Africa’s Africell, Airtel fight control, despite recent “adverse political Baa2 rating it launched in March. development” after Moody’s affirmed Nomura emerging markets analyst the country’s investment-grade credit Peter Attard Montalto, said in a brief rating, but kept its negative outlook. note, the move was a “marginal In a statement, the treasury said positive” but noted that Moody’s has President Jacob Zuma’s government been more upbeat on South Africa than over internet cables would “continue to demonstrate its other credit ratings agencies. commitment to translate plans into Standard & Poor’s, which is expected concrete actions that will ensure South to review South Africa in June, both rate By Edward Kayiwa cables in Kampala, in violation Africa remains an investment-grade the country BBB-, a notch lower than of a court injunction stopping country”. Moody’s announcement Moody’s and the lowest investment- A bitter row has erupted the Police search warrant. The late on Friday after domestic financial grade rating. between telecoms, Africell and injunction was granted by the markets had closed, marked the Reuters Airtel, over allegedly stolen fibre Magistrate’s Court at Nakawa, optic cables in several parts of Airtel stated. the country. Africell is accusing According to the statement Airtel of stealing its cables, signed by Airtel managing while Airtel pleads innocence, director, Tom Gutjahr, the saying it paid for the laying of its Uganda Communications infrastructure and is unaware of Commission (UCC) is aware what the contractor did. of the matter. He dismissed The two have been to court Africell’s assertions as over the cables. However, Airtel “falsehoods intended to injure on Friday said it would seek an Airtel’s reputation”. Compensation of Project Affected Persons (PAPs) and Expropriation of the Certificates amicable settlement with Africell. Khairallah said the search of Title for the Road Reserve along Mukono-Kyetume-Katosi section of Mukono-Kyetume- Trouble started when Africell warrant was dully issued by Katosi-Kisoga-Nyenga Road (74km). discovered that their branded Khairallah said court after it was satisfied that material amounting to 200km there was reasonable suspicion Uganda National Roads Authority (UNRA) wishes to inform the General Public that the Disclosure and Verifi cation exercise for the and valued at sh3b was missing their company that the fibre optic cables in Project Affected Persons under Supplementary Valuation Report 1 along Mukono-Kyetume-Katosi section of Mukono-Kyetume-Katosi- in the places it had been laid by question belonged to Africell. Kisoga-Nyenga Road is slated to commence on 9th May, 2016. their contractor. However, recently during This followed problems in secured a search the farewell press briefing for The Exercise will commence with Disclosure and Verifi cation of all Benefi ciaries and Project Affected Persons (PAPs) who are required Gutjahr, who is going to their to present the following; their transmission in the areas of Entebbe, Bwaise, Bugolobi, warrant from Algeria office, he said they will • Valid Identity Papers (National I.D Card, Voters Card, Driving Permit, Passport); if no valid identifi cation can be produced a signed 6th Street in Kampala, Jinja and seek an amicable solution to the letter from the L.C.1, approved by an Elder and witnessed by two neighbors will be accepted; some parts of northern Uganda. court to help conflict. Gutjahr explained that • 8 passport size photos (for identifying verifi cation and payment confi rmation): Africell says when it the case in court was against the • Original Certifi cate of Land Title for titled land where land is to be transferred to UNRA: investigated, it discovered that them retrieve Government, which means they • Bank statement, where payment is to be made by electronic fund transfer their branded material, which can still negotiate with Africell, • Letters of Administration for the Estate Administrators in the case of deceased persons was supposed to have been which is not party to the case. laid on its network, were laid the cables The press briefing was also • Land Sale Agreements for untitled land/bibanja owners on the Airtel network in the to announce the incoming • Offer letters from the giver for those given bibanja from their relatives/elders. same places. The Africell head they paid the contractor to lay managing director, Anwar • Powers of attorney for Project Affected Persons who are physically absent for the verifi cation purposes. of marketing, Milad Khairallah, cables for their network. Soussa, who was also present at • For properties registered in company/Institutions/Associations/Investment clubs and others in a similar category, the following said their company secured a Khairallah said when Airtel the briefing. documents are required: Articles of Association & Memorandum of understanding, Certifi cate of Incorporation, Form 7, passport search warrant from court and secured a court order blocking “These kinds of size photos for the appointed directors and bank statement for the company. took it to the Police to help them Africell from retrieving the misunderstandings always retrieve the cables, but that Airtel cables, the latter still went ahead happen in the telecom sector, The list of all Project Affected Persons (PAPs) and Payment Schedule can be viewed in person at the respective Sub County went to court to stop them. since we normally hire Headquarters. and retrieved some of the cables. The schedule for disclosure and verifi cation is as follows: He said further attempts to However, Airtel went back to contractors to do our work and discuss the issue with Airtel court to sue the Government we have no idea or control SCHEDULE FOR DISCLOSURE AND VERIFICATION FOR MUKONO-KYETUME-KATOSI SECTION OF MUKONO-KYETUME- over where they procure their KATOSI-KISOGA-NYENGA ROAD. were fruitless as the latter said because of the Police presence they did not want to negotiate during the retrieval of the cables materials. It is possible that VILLAGE VENUE DATE TIME because they do not know and by Africell. our contractor used irregularly Wantoni are not responsible for what On its website, Airtel wrote obtained materials, and for Dandira KYETUME SDA PRIMARY SCHOOL 9th – 10th May, 2016 9:00 am – 4.00pm happened. They insisted that on April 23, 2016, denying this, we have suspended their Namumira as far as they are concerned, the responsibility and accused services as we seek a workable cables are their property because solution with Africell,” he said. Bukasa Africell of damaging their (Airtel) Kyetume KYETUME SDA PRIMARY SCHOOL 11th – 12th May, 2016 9:00 am – 4.00pm Kazinga Luwule Namaiba KYETUME SDA PRIMARY SCHOOL 13th May, 2016 9:00 am – 4.00pm Lubugumu Nakisunga NAKISUNGA SUB-COUNTY 16th – 17th May, 2016 9:00 am – 4.00pm Ntakafunvu Buronda BandaKyandaaza NAKISUNGA SUB-COUNTY 18th – 19th May, 2016 9:00 am – 4.00pm Kisoga A Kito Kiganda NAKISUNGA SUB-COUNTY 20th May, 2016 9:00 am – 4.00pm Ntanzi Kisoga B Banda Bugenderadala NAKISUNGA SUB-COUNTY 23rd – 24th May, 2016 9:00 am – 4.00pm Banda Sunga Banda Nantula NAKISUNGA SUB-COUNTY 25th – 26th May, 2016 9:00 am – 4.00pm Kiyola Bumbajja Kisoko NAKISUNGA SUB-COUNTY 27th May, 2016 9:00 am – 4.00pm Katwe Ntenjeru Nsumba 30th May – 2nd June, NTENJERU SUB-COUNTY Gonve 2016 9:00 am – 4.00pm Nsanja Katosi

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