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)...
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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.
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