Uganda’s grand industrialisation project, fronted by the Uganda Development Corporation (UDC) under the stewardship of its Executive Director Patrick B. Birungi, is facing a reckoning. A forensic review of UDC’s…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Umeme Limited has officially declared a dispute with the government of Uganda over the buyout amount, signaling a potential legal proceeding, if the issue is not resolved within 30 days.Government…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Uganda Parliament Speaker, Anita Among has today received the Auditor General’s report on Umeme which recommends a USD 118 (UGX 433 billion) Buyout amount for the unrecovered investments. Speaker Among…
A leaked memo from the Office of the Prime Minister reveals that the government of Uganda plans to review and possibly approve borrowing proposals amounting to over USD 1.6 billion…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Energy Ministry Permanent Secretary Irene Batebe has confirmed that the Auditor General’s report on Umeme’s buyout amount will be released next week, just a few days to the expiry of…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Now that we know we have an idea of the Umeme buyout amount, what could be in it for shareholders? Umeme has since last year been one of the most active…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
