Kabaka Launches Mengo Telecom Company
If you thought the very successful CBS radio business had sufficiently tamed Buganda kingdom’s appetite to do business and excel, just read this. We have reliably learnt that the very enterprising Kabaka Mutebi is today (31/12/2012) set to launch “K2 TELECOM,” a telecom company meant to serve Ugandans while competing with other established players like MTN, Airtel Uganda, Orange Telecom and others.
We have learnt that just like the highly successful CBS radio business, K2 Telecom is another business Buganda/Kabaka is going to own as a joint venture with other wealthy business-minded Ugandans.
Kabaka/Buganda will, according to sources, have the biggest shareholding in the company whose swanky offices are to be situated at a swanky building near Crested Towers.
“There is free space in Bulange but for purposes of corporate branding, we chose to acquire a building near crested towers and have K2 TELECOM situated in a corporate atmosphere just like Warid, MTN, Orange and others,” said a palace source close to the king.
The Kabaka is meant to officially launch K2 TELECOM today December 31st in front of millions of his subjects expected to turn up to attend the CBS annual fete/event called Enkuuka. The daylong event has always attracted millions of Kabaka’s subjects in Lubiri were all top musicians always perform and join the king to usher in the New Year. We are told an interim management structure for K2 TELECOM is already in place and Kabaka’s telecom company has fully been licensed and is ready to begin serving the public on January 1st 2013.
We are told Kabaka’s telecom is going to have such a high quality signal and will cover the whole country from the very onset. Sources in Uganda Communications Commission (UCC), which regulates telecom business, revealed to us that Kabaka’s telecom company will have “0730” as its calling code.
We established that highly experienced Saul Katumba Segawa is overseeing an interim team that will have the mandate to recruit a permanent personnel team of highly qualified and efficient managers in the coming weeks. Katumba, who first joined Kabaka’s service as a news anchor on CBS radio, currently is a senior manager with Buganda Land Board (BLB) which manages Kabaka’s vast estate stretching to over 350 Square Miles of prime land mostly in Kampala and Wakiso districts. Highly enterprising BLB, whose top managers include Prince David Wasajja, is also responsible for state of the art shopping arcade called Muganzirwaza in Katwe which the Kabaka recently unveiled before thousands of cheering subjects.
BLB bosses mainly oversee the wellbeing of Kabaka’s businesses.
A friendly source from Kabaka’s innermost circles sent to us the following email revealing a few things about K2 TELECOM whose biggest directors and shareholders including the Kabaka himself and Buganda kingdom:
“A NEW COMPANY HAS JOINED THE TELECOMMUNICATION SECTOR IN UGANDA WITH A PURPOSE OF CONTRIBUTING TO NATIONAL ECONOMIC DEVELOPMENT. K2 TELECOM IS AN INDEGENOUS COMPANY THAT COMES AS A NEW YEAR’S GIFT TO UGANDANS. IT WILL PAY A LOT OF ATTENTION TO SPECIFIC NEEDS OF THE CLIENTS THROUGH PERFECT CUSTOMER RELATIONS. THE NETWORK WITH NATIONAL COVERAGE HAS TESTED QUALITY SERVICE THAT WILL PROVIDE SOLUTIONS TO DIFFERENT MARKET SEGMENTS AMONG THE PEOPLE OF UGANDA. K2’s WIDE COVERAGE WILL ENABLE EFFECTIVE BUSINESS TRANSACTONS AND PROSPERITY IN ALL CORNERS OF UGANDA. K2 TELECOM IS LAUNCHING INTO THE MARKET ON 31ST DECEMBER 2012 TO ENABLE UGANDANS A FRESH START INTO 2013. THE COMPANY CHOSE TO BE LAUNCHED AT THE ENKUUKA EVENT BECAUSE OF ITS MASS APPEAL: IT’S A PUBLIC EVENT THAT ATTRACTS PEOPLE FROM ALL WALKS OF LIFE TO CELEBRATE THE USHERING IN OF THE NEW YEAR. K2 TELECOM ON CALLING CODE 0730 IS READY TO PARTNER WITH UGANDANS TO DEVELOP ALL SECTORS INCLUDING AGRICULTURE, MANUFACTURING, BUSINESS AT ALL LEVELS AND ALSO COMES ALONG WITH VARIOUS EMPLOYMENT OPPORTUNITIES TO THE ECONOMY.” Watch this space!
Additional reporting by John V Sserwaniko
47 thoughts on “Kabaka Launches Mengo Telecom Company”
Surely Buganda a well organised and it should be an independent state not part of Uganda.
Joseph, business is thrives on interdependence: not independence.
Joseph, business thrives on interdependence: not independence.
This would not be possible without the peace ushered in by the NRM. 😉
cant wait to join k2..awangale
Ssebunnya, That is not business like
True citizens build their nations. Buganda is lead by Baganda for Buganda.
I would love to see Baganda start Buganda Airlines and Buganda Commercial Bank. Why should Baganda keep their money with foreigners and travel on foreign airlines?
LONG LIVE HIS MAJESTY AND BUGANDA FOR EVER.
@Tsaile, Katikiro tsaid recently, Bank Of Buganda will start soon. I love the MUTEBI’s generation.
and shd have a Buganda currency
Am gonna tell mi sisters & brother 2 change there sim-card 2 k2-telkom. long live king Ronald Mutebi
@Tsaile that’s a desirable perspective…thanx
This is going to help all of us, as all the existing competitors will improve their services to avoid losing customers to K2 TELECOMS .
It’s amazing. Happy 2013 🙂
Welcome,kati eyetugga yetugge
Oyo Kagutema tujjakumutusa kukyisenge, ne federo tujakugifuna.
What a let off! We’ve always waited for such an investment from the kingdom and as someone mentioned about the bank and probably an airline, Sebbo Sabasajja look it this as well as we the Baganda in the diaspora are more than ready to render all our support to you in these developments as we’ve already shown in supporting our friends the Kenyans and Ethiopians by using their airlines.
God bless the KABAKA and may God bless BUGANDA.
If you are sharp enough to remember what happened to GTV then you can see the fate of K2 telecom they dint do their feasiblity analysis well otherwise thats not a wise investment given the heavy competion with some mulitinational companies that equally have monopoly over the communication industry I believe it may suffocate. anyway i wish them well.
Lets go Buganda, All the p’ple around me are joining this network
We going infront
Respect To The KING OF BUGANDA SABASSAJJA MAGUNJU NYONDO
Kale atoba kyakabi nyoo
What about northerners???? is buganda not in uganda?
joseph is too triblistic. Buganda is no longer for cganda and today da pure line of baganda is small. Otherwise long live buganda. K2 tel and uganda.
Yi people, i think Honka did Arts in Arts if he went to university bse u cnt start comparing kabakas investiments with the so called GTV and u talk about competitors in bussiness,wat do u expect in bussiness!!, Honka bussiness is bussiness and its all about being persistent and i think Buganda has ample resources to make it stand and with the support from Kabakas subjects.Thank u so much kabaka AGUDA AGUNDE AYI SSABASAJA.
this is so cool, actually k2 is going to displace my mtn line
I imagine there could be creative adverts like……”If you want your calls picked……use K2!!”
Long live kabaka yo so innovative
Way to go kabaka!
I thank the kabaka of buganda so much and as well as ugandans.I think this will help in the development of the country through various opportunities and will help other kingdoms also start up similar businesses as the bunyoro kingdom started BUNYORO CLAN FOOTBALL COMP’TION from BIKA BYA BUGANDA F,BALL COMP’TION.
LONG LIVE BUGANDA,LONG LIVE UGANDA
A very kind gesture 2 all.we are ready 2 pay 1k@unit
Very impressive. Good luck. I really hope they offer better quality and honesty than the money sucking MTN. This is good for consumers. The more competition, the higher the chances of lower prices and better quality.
Its the buganda’s gateway to the mordern warld.
Maximum respect to the kabaka
Twesiimye olwa Ssabasajja,nafffe ka tufune ku mirimo.
It is very good,very very good. We have to suport, and I think if it turn up with good ,,,, it will get many customers. It will get customers not because we hate any others, it is because we know where our money goes.
Thats the way we would like to see many buildings put up by HE, KK, and so many others.
We only put our eyes on ba Kamirions Zari.and so on when there is ba Kahinda with out puting up industries and housing estates. Plese big bosses ,Love your contry by investing openly your money even though as small as you have.
Happy new year dear Ugandans.
I just hope the reconstruction of Masiro has not stalled because of the other developments.I can imagine enterprising minds making a kill out the Masiro drive.
People, whenever i see the Kabaka of Buganda i see the future and success for all Ugandans not only Baganda.
You are theoretical and have never done even a 1000 shs business. Probably you are a salaried worker. What does it take to figure out that the client base for k2 is wide and large. Continue theorizing with bogus feasibility studies as the king moves forward. Longline sabasaja moguls nyondo.
Was responding to the so called hank…go hang yourself. The king has a real vision and it’s working. Can’t wait to get the k2 sim card.
Since we are adivised to use our localy made products to develop the country as nationals,we shall join the 2k network to develop the country.
The year couldn’t have started any better. A wangale .we with you sabasajja
It sounds good. i think its entire country’s (Uganda) achievement not Buganda only. we r ready to comm. to our families country wide using 0730. congs!
I wish all the kingdoms do such investments to develope themselve. His majesty i beleive that ur among the responsible care takers of our king OYO and mi request is atleast try to advise him on such dev’pmental minds.
@8fc69aebd275df446164327e48b4e079:disqus unless you put Best Mother Kemigisha, Toro kingdom is like a club..am not a mutooro but i hear she has sold all the hereditary land belonging to the kingdom..she is money minded, which is good but should be done in a honesty way,she’s just stealing,thats what i hear..
If Uganda had moved in this direction way back before fightings, I think we would have moved miles by now.
When some talked of an airline, I remembered most of the famous businesses in the world have been started with the royal family involvement.
Way to go Kabaka of Buganda. And I would wish other Kings in Uganda to emulate the spirit of investiments to see the subjects through!
@1cbd564dd9bf331d4621d68ac0e17120:disqus this guy has shut you down but you have a point..@disqus_34t9O7dTlx:disqus yes there is potential for growth in the telecom industry and that’s why MTN is investing trillions into this industry..Potential of growth doesn’t mean need for market saturation in this case market suffocation. Can K2 compete with international brands like MTN,Orange,and Airtel?…That doesn’t mean i dont support indigenous firms,no,that’s what Uganda needs..but Ugandans shouldn’t assume a a market that is not there but still in my nationalistic spirit, i support K2,i bought a line,but i dont know where to get airtime.
David, competition is healthy and it will force new comers like K2 to become innovate, we now operate in the business world of ‘Innovate or die’, you dont need to be an international brand to out compete the likes of MTN. Warid for instance is no international brand and we all know the competitive headache it has been for MTN. About the market saturation, there are less than 7Million subscribers with all the telecoms combined out of a more than 34Million population, that alone tells you the potential growth. And for us as consumers, the more the merrier, all the players are forced to deliver quality and affordable services otherwise we switch to the next provider!
I love the way Ugandans Dream and procrastinate… Good Luck!!
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