The Independent (Kampala)

8 November 2012

Uganda: International Financial Corporation to Buy Umeme Shares.

A day to the closure of the Umeme Initial Public Offer (IPO), the sale of shares, David Alderton the Corporate Development Manager announced the intentions of the International Financial Corporation to buy Umeme Shares.

The corporate Advisor African Alliance Brokers, William Nyakatura says there has been a big turn up of applications from around the region though Rwanda has only had individual applications.

The Managing Director Charles Chapman said that international shares where sold up by the end of October where the company collected US$31million.

He urged Ugandans to buy more shares for they have a bonus for every ten shares bought and also said every Umeme account holder is entitled to buying the Umeme shares.

The Umeme staff have been given each 10,000 shares as part of the moral boast to the workers and that if they maintained their shares for a period of three years, they stand to benefit more,"

Ads by Google

Copyright © 2012 The Independent. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.