Posted inCompanies

Uganda to pay Shs800 billion in UMEME buyout

The government is set to pay Shs802.17 billion ($215 million) to acquire majority shares in UMEME, the country’s main electricity distribution company. This comes at a time when UMEME’s 20-year contract is scheduled to end in 2025. The development came to light on Tuesday during a meeting between Parliament’s Committee of Environment and Natural Resources […]