Power utility company Umeme Limited has come out to reassure its investors about its business ongoings in Uganda. This follows media reports that the utility firm is set to exit Uganda in 2025, which reports Umeme notes are likely to impact the trading on its shares or likely have a bearing on investment decisions. In a statement, Umeme indeed affirms that its concession expires in March 2025, and the position remains unchanged. “As disclosed in its Prospectus at the Initial Public Offering, subsequent Annual Reports and public disclosures, Umeme holds a 20-year Concession from the Government of Uganda, whose natural…
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