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Uganda saves Shs270b debt in Umeme buyout

KAMPALA. The government avoided taking on about Shs270 billion in additional debt after the Auditor General’s assessment reduced the amount required to buy out electricity distributor Umeme Limited at the end of its 20-year concession. Parliament had authorised the government to borrow up to the euro equivalent of $190.99 million, about Shs711 billion, to finance […]

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