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
Uganda to spend over 549 billion to address Isimba dam spillway defects
The Parliamentary Committee on Environment and Natural Resources has resolved that the spillway defects at Isimba Dam will undergo a Physical Model Test (PMT) in China to determine the root cause of the structural issues and assess the need for a third spillway. Committee Chairperson Herbert Ariko announced the decision
