A clean payout. The reality? A stalemate. At the heart of the deadlock is a dispute over how much government owes Umeme under the buyout terms. Umeme pegs the figure at $234m (Shs853b ...

Energy minister Ruth Nankabirwa yesterday reiterated the Government’s commitment to execute the Auditor General’s audit of $118m as the buyout amount, adding that Umeme is free to petition ...

Parliament on Thursday evening okayed the Ministry of Finance’s request to borrow Shs700 Billion to facilitate the government’s buyout of the private-led electricity distributor Umeme limited.

The buyout amount, calculated and agreed to by both sides, would include the cost of modifications that is underappreciated and under-recovered by Umeme at the time of reverting the distribution ...

Investors in the cross-listed Ugandan electricity distributor Umeme face a lengthy wait for their payout after the company filed a legal dispute over a lower-than-expected buyout price offered by ...

Government has revised the loan request to buy out electricity distribution company, UMEME, from over US$190 million, to over US$118 million. This was contained in the Special Audit Report for the ...

Uganda’s electricity sector is at a turning point, as Umeme Limited’s 20-year concession draws to a close. Umeme was the first private distribution operator in anglophone Africa. For nearly two ...

Umeme receives $118 million from Uganda for unrecovered investments Ugandan private power utility Umeme Limited said on Monday it had received $118 million in compensation from the government for ...