Umeme buyout Archives – CEO East Africa

A photo collage of UETCL CEO, Eng. Richard Matsiko, Energy Ministry PS, Irene Batebe and Umeme's former MD, Selestino Babungi

Umeme, UETCL Face off Over Estimated UGX 600 Billion Debt After Parliament Probe

The long-running standoff between Umeme and the Uganda Electricity Transmission Company Limited (UETCL) over a UGX 594 billion debt has once again thrown Uganda’s power sector into turmoil, exposing deep financial fissures

October 14, 2025

Banking & Financial Services·Company News·The Big Story

A photo collage of Uganda's Finance Minister Matia Kasaija, Energy Minister Ruth Nankabirwa and Umeme Managing Director Selestino Babungi. The three will play a pivotal role in the Umeme buyout.

Govt seeks to borrow UGX697b from Stanbic Bank to fund Umeme buyout

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February 17, 2025

Banking & Financial Services·East Africa·Global News·News & Analysis·Politics & Goverment·The Big Story

Umeme buyout

Umeme, UETCL Face off Over Estimated UGX 600 Billion Debt After Parliament Probe

Govt seeks to borrow UGX697b from Stanbic Bank to fund Umeme buyout

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