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 ...

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 ...

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 ...

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 ...

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 ...

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 ...