Starlight Communications Uganda Limited

In separate guarantee contracts totaling $2.6 million, MIGA covered Starlight Telecommunications Limited's (STL) equity and shareholder loan to establish a network of pay phones and a mobile radio and private voice and data communications system. The project is 70 percent owned by STL and 30 percent by Ugandan nationals. STL's equity is covered against the risks of currency transfer, expropriation, and war civil disturbance. The loan is insured against the risks of currency transfer and war.

The project network, Starlight Communications Uganda Limited (STARCOM), includes about 200 pay phones in Kabale, Kampala, Masaka, and Mbarara. The wireless, satellite-based communications technology involves the installation of earth stations, transmission equipment, central stations, and switching equipment.

The project will have a substantial impact on the local economy. It will create jobs for about 60 Ugandan nationals, who will be trained in equipment handling, field repair, and operations management. Private individuals, local businesses, and medical and other emergency public services will benefit from increased access to the telecommunications network.