Earlier, Umeme had published a statement in which they put the buyout amount at $234m (sh857b), which they said must be paid by March 31, if the Government is to avoid penalties as outlined in the ...

The dividend amounting to a total of Sh12.9 billion lifted the share price from Monday’s closing price of Sh12.35, reversing ...

Umeme, lawyers, Shonubi, Musoke & Co. Advocates, on Monday said the Umeme board had resolved to formally dispute the buyout amount in accordance with terms of the Support Agreement signed between ...

The firm’s share price fell to Sh11.6 on Wednesday, the fourth straight drop amid uncertainty over full investor compensation ...

In Umeme’s case, the arbitration stems from conflicting buyout figures. While Umeme claims it is owed $292m, the Auditor General puts the amount at $118m, and the electricity regulator at $127.6m.

“The UMEME buyout loan exacerbates concerns over debt sustainability, as borrowing on non-concessional terms will likely result in higher interest rates and shorter repayment periods, increasing ...

This is meant to reduce the final buyout amount payable to Umeme to US$7.1 million when the concession comes to its natural end. Bateebe said that as of December 2022, the buyout price was at US$215 ...

Uganda's Umeme Limited shares are back on the Nairobi Securities following a suspension that resulted from the disagreement ...

The market closed the session on a mixed note with the NASI gaining 0.2%. On the other hand, the N10 and NSE 25 retreated by 0.3% ...

This is meant to reduce the final buyout amount payable to Umeme to US$7.1 million when the concession comes to its natural end. Bateebe said that as of December 2022, the buyout price was at US ...

Government has revised the loan request to buy out electricity distribution company, UMEME, from over US$190 million, to over US$118 Tuesday, 02 January 2024 12:17 GMT عربي ...

Regain energy control. The $190 million buyout, approved by Parliament, will see the government acquire Umeme's assets and take over the management of the electricity distribution network.