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Umeme formally disputes UGX 429.2 billion buyout: How will this end?

A photo collage of Finance Minister Matia Kasaija and Umeme Managing Director Selestino Babungi

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 and Umeme have 30 days – from 11 April, 2025 – within which they must resolve the dispute, failure of which the matter will head into arbitration in London. The Concession Agreement, under which Umeme had distributed electricity in Uganda until 31st March, 2025, provides for arbitration in the event that government and Umeme fail to agree on the final buyout amount. Thus, the public notice issued on Monday,…

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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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