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 ...

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 ...

Read: Umeme buyout to cost Uganda $225 millionTotal trading turnover registered on the Umeme counter also dropped from Ush21,140,067,395 ($5.7 million) in 2024 to Ush2,540,388,560 ($688,923 ...

BK Group is currently trading at Sh31.70 on the NSE, giving the lender a market capitalisation of Sh28.42 billion.

Jubilee Holdings Limited has approved the amalgamation of its Ugandan life and health insurance subsidiaries to streamline ...

Kampala, Uganda | THE INDEPENDENT & URN | Former Uganda electricity distributors Umeme has officially disagreed on a buy out amount of $118million given to them by government. They earlier stated they ...

Read: Umeme buyout to cost Uganda $225 million Total trading turnover registered on the Umeme counter also dropped from Ush21,140,067,395 ($5.7 million) in 2024 to Ush2,540,388,560 ($688,923) during ...

Umeme has identified and formally declared a dispute in respect of, inter alia, the Buy Out Amount payable to the Company," a company statement said. The Notice of Dispute was served on the Government ...

Wako explained that the funds were originally part of the Umeme buyout fund and will now be recovered by UEDCL through electricity tariffs. “The decision we have from Cabinet is that the USD 118 ...

According to the NSE, the extension is necessary to allow for the final reconciliation of the Buy Out Amount. "The Nairobi Securities Exchange Plc (NSE) hereby notifies investors and the public that ...