As Umeme exits the stage of power distribution 20 years later, challenges loom: Government-run utilities face efficiency obstacles. Without private capital, sourcing funds for ongoing grid ...

KAMPALA - Although Parliament has passed the $190.9 million (sh699 billion) buyout for electricity distributor UMEME Limited, some legislators have called for an audit of the money before payment.

KAMPALA - In under a week from now, the lease agreement between the Ugandan government and electricity distributor Umeme will expire. But ahead of the March 1 expiry date, MPs have expressed ...

Industry sources told of ongoing tightrope pulling between Umeme, which was initially looking at Shs1 trillion, and the government over the exact buyout amount. Cabinet last week on Monday gave a ...

Uganda’s electricity distributor Umeme Limited which is cross listed on the Nairobi Securities Exchange (NSE) presents the highest dividend yield of 15.98 percent for investors moving into the ...

The Ugandan government is seeking a Sh24.7 billion ($190.9 million/UGX 697.8 billion) loan from Stanbic Bank to partially finance the buyout of Umeme investors as the firm’s 20-year concession ...