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Africa

Umeme formally disputes UGX 429.2 billion buyout: How will this end?

A photo collage of Finance Minister Matia Kasaija and Umeme Managing Director Selestino Babungi

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…

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Tagged: Auditor General Board of Directors Buyout amount Capital Markets Concession Agreements Uganda Securities Exchange Umeme Limited
About the Author

Paul Murungi

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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