No Confidence Vote for Uganda's Power Firm Umeme

Jacob Oboth, the chairperson of the ad hoc committee that investigated the energy sector and his team has passed a no confidence vote on Umeme claiming it's dealings are not very clear. The company has gone public offering 38 percent of it's shares.

Umeme's Initial Public Offer listing.

  • Uganda:  Unmasking the Power Brokers Behind Umeme IPO

    The Observer, 6 November 2012

    NSSF considers pouring Shs 50 billion into power company read more »

  • Uganda:  Umeme Happy With IPO, but Parliament Probe Still Looms

    The Observer, 6 November 2012

    As Umeme closes its Initial Public Offer of shares today, the parliamentary committee that investigated the energy sector has warned of possible negative consequences to the public ... read more »

  • Kenya:  Energy Firm Umeme's Share Sale Ends Today

    The Star, 7 November 2012

    UGANDA electricity generator Umeme's initial public offering of shares comes to a close today at 5pm. read more »

  • Uganda:  Umeme Displays All Official Documents as IPO Progresses

    East African Business Week, 5 November 2012

    UMEME has displayed all its official documents pertinent to its Initial Public Offering, for members of the general public to inspect and find clarification as they buy shares in ... read more »

  • Uganda:  Umeme Opens Up for Public Scrutiny

    New Vision, 5 November 2012

    Umeme is displaying all its official documents pertinent to the initial public offering for the public to inspect and find clarification as they buy shares in the utility company. read more »

  • Uganda:  Umeme IPO Welcomed Upcountry

    East African Business Week, 29 October 2012

    The IPO Transaction Team consisting of Stanbic Bank, African Alliance and the Umeme senior management team, have already conducted talkshows in Masaka where 400 interested buyers ... read more »

  • Uganda:  Umeme is Operating Illegally - MPs Report

    The Observer, 13 September 2012

    A report authored by legislators on the ad hoc parliamentary committee tasked to probe the energy sector has declared power distribution company, Umeme, an illegal entity. read more »

  • Uganda:  MPs Pass Vote of No Confidence in Umeme

    The Observer, 6 September 2012

    Parliament's energy committee has heaped most of the blame for problems in the energy sector on the distributing company, Umeme, which it accuses of not only being irregularly ... read more »

  • Uganda:  Energy Report Splits MPs on Probe Team

    The Observer, 4 September 2012

    A question that has been on many MPs' lips is that of the fate of the Energy report that is yet to be released, several months after its deadline elapsed. read more »