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.
Electoral laws require all prospective aspirants for positions of President, Member of Parliament, or District Chairpersons to have a minimum formal education of A'level standard by UNEB or its equivalent. Letters of verification of results are one of the basic requirements an aspirant presents to the commission two months before nominations.
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.