Uganda Securities Exchange suspends UMEME after handover UEDCL
The Uganda Securities Exchange (USE) has suspended UMEME following the expiry of electricity distribution concession agreement and subsequent handover to Uganda Electricity Distribution Company Limited (UEDCL). Yesterday, government paid US$118 million (Shs 432.677 billion) to UMEME following the expiry of concession agreement. “USE hereby informs all investors and the general public that
Gov’t Pledges Efficient Power Distribution as Umeme Exit Nears
The Ministry of Energy and Mineral Development (MEMD) has reaffirmed the government’s readiness to take over the electricity distribution concession from Umeme Ltd through its agency, the Uganda Electricity Distribution Company Limited (UEDCL), effective April 1, 2025. The Ministry of Finance, Planning, and Economic Development is in the advanced stages
