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Uganda: Museveni's Umeme Mistake

  • May 23, 2022
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[Independent (Kampala)] The Last Word -- For some strange reason(s), President Yoweri Museveni has a very hostile attitude towards Umeme, Uganda's main electricity distributor. Sources say the president has sworn never to renew their concession when it expires in 2025. This is in spite of the fact that during negotiations between him and Umeme, both sides agreed to solve the most contentious issue in the concession - the Rate of Return (ROR) to the investor. In the current concession, Umeme's ROR is 20%. In the meeting with Museveni, I am reliabl

Source: allAfrica.com

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