Govt pays UMEME sh433b
31st March 2025
A source in Umeme said if the company disagrees with the sh433b government buyout cash, the concession gives it leeway to refer the matter to an international tribunal for arbitration.
PREMIUM News
Energy minister Ruth Nankabirwa said although the Government had received a notice from Umeme, it will only execute what the Auditor General has audited, which is $118m (about sh433b) as buyout amount for Umeme.
