Trending
- Kenya, Tanzania braces for torrential floods as Cyclone Hidaya approaches
- EAC monetary affairs committee to discuss single currency progress in Juba talks
- Transport and food prices drive down Kenya’s inflation to 5% in April
- Payment for ransomware attacks increase by 500 per cent in one year
- History beckons as push for Kenya’s President Ruto to address US Congress gathers pace
- IMF’s Sub-Saharan Africa economic forecast shows 1.2 percent GDP growth
- The US Congress proposes extending Agoa to 2041, covering all African countries
- Millions at risk of famine as fuel tax row halts UN aid operations in South Sudan
Browsing: Umeme Limited (UMME)
- The Electricity Regulatory Authority (ERA) has announced that it is currently conducting a thorough cost analysis of the Umeme concession buyout, which includes verifying recoverable investments
- As a listed company on the Uganda Securities Exchange, Umeme is one of Uganda’s largest and most profitable companies
- Energy Permanent Secretary Irene Bateebe estimated that the Umeme buyout as of December 2022 stood at Shs799b (US$215m)
The Electricity Regulatory Authority (ERA) has announced that it is currently conducting a thorough cost analysis of the Umeme concession buyout, which includes verifying recoverable investments. Eng Ziria Tibalwa Waako, the CEO of ERA, stated in a recent interview that the process of investment verification is ongoing and the final buyout amount is expected to be announced in March 2025 after cost and technical audits have been conducted by the Auditor General.
The government had previously indicated that it would allow Umeme’s 20-year concession to expire …
