Umeme share hits lowest level since IPO
Umeme initiated arbitration proceedings in London against the Ugandan government, seeking about $292m in compensation for unrecovered capital investments following the 20-year electricity concession that ended in March 2025.
“Umeme continues to engage in arbitration with the government of Uganda in London, with the outcome unknown,” Crested Capital said in their 2025 market report.
KAMPALA - Shares of electricity distributor Umeme Limited fell sharply, dropping 20.37% to sh106 per share, the lowest levels since its initial public offering (IPO).
Umeme's IPO in October 2012 was priced at sh275 per share, and trading began on November 30, 2012. Following the end of its 20-year concession in March 2025, Umeme shares have continued to trade on the USE pending its case in a London court.
Umeme initiated arbitration proceedings in London against the Ugandan government, seeking about $292m in compensation for unrecovered capital investments following the 20-year electricity concession that ended in March 2025.
“Umeme continues to engage in arbitration with the government of Uganda in London, with the outcome unknown,” Crested Capital said in their 2025 market report.
“Progress on Umeme’s arbitration and ongoing engagements with the Government of Uganda will be closely watched in 2026. The company is yet to provide clarity on business continuity, new contracts or a possible delisting.”