UMEME was granted a 10-year concession in 2015 subject to renewal. As of December 2021, UMEME had made investments worth USD 547.5 million of which it has recovered USD 331 million. The Ministry of Energy had however sought a budget of 256.2 billion Shillings to start a phased buyout of the company.
The officials led by the Minister of State for Water and Environment, Aisha Ssekindi made the call on Monday while appearing before Parliament’s Environment and Natural Resources Committee to discuss the Budget Framework Paper for the financial year 2022/2023.
