Uganda’s largest electricity distributor, Umeme Limited said on Monday that it had received $118 million in compensation from the government for unrecovered investments, but raised concerns that it had been undervalued. The firm signed a 20-year concession agreement in 2005 and has handed over its distribution system to the Uganda Electricity Distribution Company Limited (UEDCL)…...
Trending
- Cross interview between Baidy Agne and Benoît Chervalier on the sidelines of the African Union – European Union Summit
- Cocoa: Ivory Coast, still number 1 worldwide despite active competition
- The 5 first African billionaires saw their fortune soar by 88% in five years: should the richest be taxed more?
- Aziz Boughourbal : “Ocean governance and the blue economy remain undervalued in the Africa–Europe partnership”
- Senegal: Budget revenues reach 3,254 billion CFA francs at the end of September 2025, despite a tense macroeconomic context
- Germany/ECOWAS: Berlin strengthens its partnership with ECOWAS
- Hydrocarbons: 45% increase in profit for Vivo Energy Côte d’Ivoire in the third quarter of 2025
- Togo-Benin: Military rapprochement with Moscow disrupts Paris
Umeme receives $118 million from Uganda, hands over to new power company
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com