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Umeme lands UGX258 billion (USD70m) from IFC, Stanbic, Standard Chartered and Dutch Development Bank for investing in distribution network

LEFT-RIGHT: Umeme Chairman Patrick Bitature, Umeme Managing Director; Selestino Babungi and Stanbic Bank Uganda Managing Director, Patrick Mweheire announce the deal on December 12th 2019 in Kampala

Uganda’s electricity distributor, Umeme Limited has secured a USD70m (UGX258 billion) funding to support its planned investments in the electricity distribution network. The International Finance Corporation (IFC) was the lead-arranger…

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