Kenya extends suspension of Uganda's Umeme Ltd on Nairobi bourse

Umeme Trading Halted 30 More Days Amid Gov’t Dispute, Possible Arbitration

The Uganda Securities Exchange (USE) has extended the suspension of trading in UMEME Limited shares by 30 days, following a formal declaration of a dispute between the company and the Government of Uganda over the final buy-out amount as UMEME’s concession nears its end. The decision, announced in a public notice by USE, comes after UMEME served a Notice of Dispute to the Ministry of Finance, Planning and Economic Development on April 11, 2025, …

Umeme Disputes Government Buyout Offer, Threatening Arbitration

Umeme Limited has officially contested the buyout figure offered by the Ugandan government for its electricity distribution assets following the end of its 20-year concession. In a public notice issued on Monday, the power distributor revealed it served a formal notice of dispute to the Ministry of Finance on April 11th. This action triggers a 30-day negotiation period as stipulated in the 2005 agreement that governed Umeme’s operations. The cru…

Kenya extends suspension of Uganda's Umeme Ltd on Nairobi bourse

The Nairobi Securities Exchange has extended the suspension of Umeme Limited shares amid ongoing disputes with the Ugandan government over a buyout.

Umeme Says Uganda’s $118M Buyout Offer Too Low

Umeme disputes buyout with Ugandan government KAMPALA, Uganda — Umeme Limited announced Monday it is disputing the amount the Ugandan government is offering in a buyout at the end of its 20-year electricity distribution concession. The company said in a public notice that it served a formal notice of the dispute to the Ministry of Finance on April 11. The action triggers a 30-day negotiation period as outlined in a 2005 agreement. Umeme said the…

Umeme formally disputes UGX 429.2 billion buyout: How will this end? – CEO East Africa

Umeme Limited has officially declared a dispute with the government of Uganda over the buyout amount, signaling a potential legal proceeding, if the issue is not resolved within 30 days.Government… This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers! Subscribe Log In The post Umeme formally disputes UGX 429.2 billion buyout: How will this end? appeared first on CEO East Africa.