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The Umeme buyout heat that is threatening to turn chaotic

A photo collage of UEDCL Managing Director Paul Mwesigwa, Umeme Managing Director Selestino Babungi, Energy Minister Ruth Nankabirwa and Auditor General Edward Akol.

The current rope pulling and shoving offer an insight into what is turning out to be an interesting twist in the exit of Umeme.  Until a few days ago, the events around the exit of the company that has been part of Uganda’s electricity sub-sector for 20 years, had been largely silent.  However, in the weeks to the end of the concession due on 31st March 2025, voices emerged and have become louder, threatening to tear apart a relationship – despite the existence of some knocks here and there – that has been cordial over the 20 year-course of the…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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