
Gov’t Seeks UGX 697 Billion Loan To Fund Umeme Buyout Ahead Of Concession Expiry
The Ugandan government has formally requested parliamentary approval to borrow $190.9 million (UGX 697.8 billion) from Stanbic Bank to finance the buyout of Umeme Limited, the country’s main electricity distributor. The proposal was presented to Parliament on February 18, 2025, by Henry