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Uganda Air Cargo aircraft deal under parliamentary spotlight
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Uganda Air Cargo aircraft deal under parliamentary spotlight
Uganda’s parliament has launched a probe into a 2024 aircraft deal between its shareholder, the Ministry of Defence and Veteran Affairs (MoDVA), and Dubai-based investment firm Alpha MBM, with lawmakers demanding answers over the failed joint venture that was meant to recapitalise state-owned Uganda Air Cargo (UCC, Entebbe) (UACC), which has been dormant for years due to inadequate funds. Under the deal, UACC took delivery of a B737-400(F), P4-J…
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