Uganda: Did Uganda Miss $38 Million in Tax From Actis-Umeme Deals?

18 October 2017

It is nearly a year after an Actis subsidiary sold its last block of shares in Umeme Limited, pocketing a gain of $129 million during its 11-year relationship with the power utility firm.

But now the Uganda Revenue Authority is interested in getting to the bottom of a series of Actis-linked share-sales, according to a four-month joint investigation by The Observer and the London-based Finance Uncovered.

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