PREMIUM
Business

UMEME confirms Uganda exit

Government had entered into protracted negotiations with Umeme to compel it to revise downwards its return on investment, (ROI) which stood at 20%.

Umeme promised to run the last mile in the ongoing concession
By: NewVision Reporter, Journalists @NewVision

Uganda’s power distributor, Umeme Ltd has reported that government will not renew its concession to distribute power in the country after it runs out in 2025.

“Umeme

Login to begin your journey to our premium content

Tags:
UMEME
concession
exit