The transaction is conditional upon the approval of the company’s shareholders who will meet on July 15. The process of approval according to the rules, requires a simple majority shareholding approval. They are expected to vote and approve the deal before the sale can be concluded in Uganda.
The residents say that the runoff from the hilly area has created a physical crack that passes through homes and gardens, a signal of the risk the residents face. They add that a number of houses have already been damaged by the moving mass.
Lukwago made the announcement this morning following the resignation of Sarah Kanyike, who saod she was retiring from active politics. Kanyike, the Makindye East Woman Councillor has served as Deputy Lord since 2016.
“This is very welcome news for those patients with severe illness,” said WHO Director-General Tedros Adhanom Ghebreyesus during a virtual media briefing from Geneva. But he emphasized that dexamethasone was shown to have no beneficial effect for those with milder symptoms who do not need respiratory support.