Umeme Ordered to Pay Shs 30 million for Illegal Meter Connection and Overbilling
The Electricity Tribunal has ordered Umeme to pay Shs 30 million in compensation to Kamba Petroleum Uganda Limited for unlawfully connecting other customers to the complainant’s meter, which led to overbilling and significant financial losses. In 2016, Kamba Petroleum filed a complaint with the Electricity Tribunal, alleging that Umeme had
Stanbic Bank, Umeme Lose Shs 9.2 billion Appeal Against Makubuya
The Commercial Division of the High Court has dismissed an appeal filed by Stanbic Bank Uganda Ltd and Umeme Ltd, contesting garnishee orders in favour of Makubuya William, trading as Polla Plast, over Shs 9.2 billion. The dispute dates back to 2008, when Makubuya purchased plastic manufacturing equipment from BMK
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 Officials Plotted to Overpay Shs 267.6 billion in UMEME Buyout
The Ugandan government was set to lose Shs 267.6 billion in the UMEME buyout, Daily Star has learned. This revelation emerged during the handover of the Auditor General’s report on the transaction. According to the report, the US$190,988,556 (Shs 700.218 billion) loan secured from Stanbic Bank for the UMEME buyout
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
