Umeme Exit: The unanswered questions

8th April 2025

Umeme had demanded $234m (about sh855b), but after verification from the Auditor General, the Government paid $118m (sh432b).

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To honour the concession agreement that was signed in 2004, the Government paid Umeme a buyout amount of $118m (sh432b) on the recommendation of the Auditor General (AG).

Mary Karugaba

Journalist @New Vision

#Business #Umeme exit #Uganda Electricity Transmission Company Limited #Finance ministry

KAMPALA - On Monday (April 31), Umeme handed over the management of Uganda’s electricity distribution sector to the Government after 20 years.

To honour the concession agreement that was

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Umeme Exit: The unanswered questions

Umeme had demanded $234m (about sh855b), but after verification from the Auditor General, the Government paid $118m (sh432b).

To honour the concession agreement that was signed in 2004, the Government paid Umeme a buyout amount of $118m (sh432b) on the recommendation of the Auditor General (AG).

Mary Karugaba

Journalist @New Vision

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