President Museveni met leaders of the MTN Group led by their chairman Mcebisi Jonas.
The meeting comes just days after MTN arrived at an internal decision to float their shares.
“Now, these people have also told me of their plan to invest US$300m in network expansion in the next 3 years!” Museveni said.
“I am very happy with the localization strategy of giving shares to Ugandans. It is very important.”
He said Ugandans (who have started waking up from sleep/ kulambaala) will now be partners in all the activities of MTN.