Making a case for the loan, Musasizi said it would cover the compensation for Umeme’s unrecovered capital ... saying that penalties in the form of interest would be imposed on the government ...

However, the government and Umeme are already elbowing over the actual ... Electricity Act in 2022 to merge the three companies to form one utility company-Uganda National Electricity Company ...

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 ...

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 ...

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 ...