• Latest

Gov’t Revises UMEME Buyout to $118 Million

March 27, 2025

1,300 Candidates Battle for Just 31 Jobs at OAG

August 2, 2025
Motorcycle Dealers Asked to Issue ISO Standard Helmets Per Sale

Seku applauds boda boda leaders for championing Patriotism

August 1, 2025
VINAStech Advert
Dr. Ayo Appointed New World Bank Country Director for Uganda

Dr. Ayo Appointed New World Bank Country Director for Uganda

August 1, 2025
Bridging the Protection Gap in Uganda’s Green and Agricultural Economy

Powering Africa’s Future with Clean Cooking

August 1, 2025
Uganda’s Energy Transition Plan leaves women behind

Op-Ed: How climate change amplifies inequality for women

August 1, 2025
Environmental Experts Push for LPG Financing to Save Forests and Protect Public Health

Why Liquefied Petroleum Gas (LPG) may not address clean cooking challenges

August 1, 2025
Man Fatally Stabbed by Brother Over Coffee

Man Fatally Stabbed by Brother Over Coffee

July 31, 2025
Kibaale Man Killed Over Family Radio Set Sale

Kibaale Man Killed Over Family Radio Set Sale

July 31, 2025
FDC’s Nandala Mafabi to Run Unopposed After Amuriat’s Withdrawal

FDC Cancels National Delegates Conference

July 30, 2025
FDC’s Nandala Mafabi to Run Unopposed After Amuriat’s Withdrawal

FDC’s Nandala Mafabi to Run Unopposed After Amuriat’s Withdrawal

July 30, 2025
FDC Endorses Nandala Mafabi for Presidency

FDC Endorses Nandala Mafabi for Presidency

July 30, 2025
Vivo Energy Uganda and Uganda National Oil Company partner to develop LPG storage hub in Kabalega Industrial Park Kampala, Uganda.

Vivo Energy Uganda and Uganda National Oil Company partner to develop LPG storage hub in Kabalega Industrial Park Kampala, Uganda.

July 30, 2025
  • About Us
  • Internship
  • Contact Us
Saturday, August 2, 2025
Parrots Media
No Result
View All Result
  • Login
  • News
    Dr. Ayo Appointed New World Bank Country Director for Uganda

    Dr. Ayo Appointed New World Bank Country Director for Uganda

    Bridging the Protection Gap in Uganda’s Green and Agricultural Economy

    Powering Africa’s Future with Clean Cooking

    Uganda’s Energy Transition Plan leaves women behind

    Op-Ed: How climate change amplifies inequality for women

    FDC’s Nandala Mafabi to Run Unopposed After Amuriat’s Withdrawal

    FDC Cancels National Delegates Conference

    FDC’s Nandala Mafabi to Run Unopposed After Amuriat’s Withdrawal

    FDC’s Nandala Mafabi to Run Unopposed After Amuriat’s Withdrawal

    Vivo Energy Uganda and Uganda National Oil Company partner to develop LPG storage hub in Kabalega Industrial Park Kampala, Uganda.

    Vivo Energy Uganda and Uganda National Oil Company partner to develop LPG storage hub in Kabalega Industrial Park Kampala, Uganda.

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
  • News
    Dr. Ayo Appointed New World Bank Country Director for Uganda

    Dr. Ayo Appointed New World Bank Country Director for Uganda

    Bridging the Protection Gap in Uganda’s Green and Agricultural Economy

    Powering Africa’s Future with Clean Cooking

    Uganda’s Energy Transition Plan leaves women behind

    Op-Ed: How climate change amplifies inequality for women

    FDC’s Nandala Mafabi to Run Unopposed After Amuriat’s Withdrawal

    FDC Cancels National Delegates Conference

    FDC’s Nandala Mafabi to Run Unopposed After Amuriat’s Withdrawal

    FDC’s Nandala Mafabi to Run Unopposed After Amuriat’s Withdrawal

    Vivo Energy Uganda and Uganda National Oil Company partner to develop LPG storage hub in Kabalega Industrial Park Kampala, Uganda.

    Vivo Energy Uganda and Uganda National Oil Company partner to develop LPG storage hub in Kabalega Industrial Park Kampala, Uganda.

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
No Result
View All Result
Parrots Media
No Result
View All Result
Home Science and Technology

Gov’t Revises UMEME Buyout to $118 Million

Parrots Media by Parrots Media
March 27, 2025
in Science and Technology
0

(L-R) Ministers of State Hon. Henry Musasizi (Finance, General Duties), David Bahati (Industry) and the Government Chief Whip, Hon. David Hamson Obua during the sitting of the House on Thursday 27 March 2025. Photo Credit: Parliament of Uganda.

84
SHARES
1.8k
VIEWS
Share on FacebookShare on X

PARLIAMENT 
Government has revised the loan request to buy out electricity distribution company, UMEME, from over US$190 million, to over US$118 million.

This was contained in the Special Audit Report for the end of lease and assignment between UMEME Limited and Uganda Electricity Distribution Company Limited (UEDCL) that was adopted during plenary sitting on Thursday, 27 March 2025.

READ ALSO

From Land to Lab: St. Kizito High Champions Innovation at National Agri-Education Fair

Veteran political activist Ingrid Turinawe says she will honor PFF leadership as she picks expression forms for Rukungiri municipality MP seat

The report was tabled by the Minister of State for Finance, Planning and Economic Development (General Duties), Hon. Henry Musasizi.

On 20 March 2025, Parliament adopted the proposal for Government to borrow over US$190 million from Stanbic Bank, on condition of confirmation of actual monetary amount of UMEME’s investment by the Auditor General.

Before the revised figure was passed, during plenary sitting on Thursday, 27 March 2025, Deputy Speaker, Thomas Tayebwa urged government to put into consideration the special audit report when finalising with UMEME.

“This morning, the Auditor General submitted a special audit report, verifying and confirming the buyout amount of US$118 million against the approved US$190,” he said.

This however sparked opposition from Kira Municipality Member of Parliament, Hon. Ibrahim Ssemujju, who called for scrutiny of the report before it is adopted.

“We have never passed a report of the Auditor General without the MPs reading it. We have accountability committees that deal with these reports. Have you waived those particular rules that [now] reports can be passed without MPs processing them,” Ssemujju asked.

Leader of the Opposition, Joel Ssenyonyi, questioned the move to adopt the report, saying that by so doing, Parliament would be handing over its appropriation mandate to the Executive.

“The Auditor General’s report should be verified and studied, before we pass. It would be good to know what is in the report,” he said.

But the Deputy Speaker guided that the special audit report, unlike annual reports does not require to be referred to a committee.

“This is a time bound report, we must sort out UMEME by 31 March [2025]. It is a matter of beating deadlines, which is in the contract. If we do not settle, UMEME will have a blank cheque to determine penalties and interests,” Tayebwa said.

Hon. Ekanya Geofrey (FDC, Tororo North County) agreed with the Deputy Speaker, citing practices from neighboring countries like Tanzania, Kenya and South Africa where, he said, governments there do not wait for Parliament approval before implementing such reports.

“Special audit reports have issues of criminal in nature, but also this report is time bound. We request that Speaker invokes the necessary rules so that when Parliament takes a decision, it is within our Rules,” Ekanya said.
Source: Parliament of Uganda

Source: PARLIAMENT of Uganda
Tags: UEDCLUMEMEUMEME Buyout

Related Posts

Education

From Land to Lab: St. Kizito High Champions Innovation at National Agri-Education Fair

July 17, 2025
Science and Technology

Veteran political activist Ingrid Turinawe says she will honor PFF leadership as she picks expression forms for Rukungiri municipality MP seat

June 30, 2025
Science and Technology

KIU’s AI Innovations Steal the Show at Higher Education Exhibition

March 30, 2025
Deep Tech Center of Excellence Launched in Namanve
Science and Technology

Deep Tech Center of Excellence Launched in Namanve

February 21, 2025
Kazire Herbal Products CEO Calls for End to Witchcraft Stigma in Herbal Medicine
Science and Technology

Kazire Herbal Products CEO Calls for End to Witchcraft Stigma in Herbal Medicine

February 10, 2025
Next Post

Veteran Journalist Shaka Ssali Passes Away at 71

POPULAR NEWS

Catholic Priest Speaks Out Against Museveni and Son’s Leadership

Catholic Priest Speaks Out Against Museveni and Son’s Leadership

February 16, 2025

“Life Is Scum”: Kabale University Student Leaves Suicide Note, Takes Own Life

July 25, 2025

Former IGP Okoth Ogola Dies

February 14, 2025

A Love Beyond Distance: A review of Leonard Kamugisha Akida’s poetic tribute on valentine’s day

February 14, 2025

Besigye Sends Easter Message from Luzira Prison as Archbishop Kazimba Urges for Release of Political Prisoners

April 18, 2025

EDITOR'S PICK

Radio Remains Primary Source of News as Online Presence Grows

ICT Minister Baryomunsi Criticizes UCC for Shutting Down Makerere University Radio

September 27, 2024

Kabale University Launches Regional ICT Hub

June 1, 2023
Man charged over murder of his sister in Rwampara

Police officer stabs lover to death

February 19, 2024

ICC delegation in Sudan to discuss Bashir case.

October 18, 2020
VINAStech advert VINAStech advert VINAStech advert
ADVERTISEMENT

About

Parrots Media

A Public Relations and Media Services Company registered and licensed to operate in Uganda and the Great Lakes Region.

Follow us

Categories

  • Business
  • BUSINESS REPORTS
  • CLIMATE ACTION REPORTS
  • Climate Change
  • COMMUNITY REPORTS
  • Education
  • Entertainment
  • FEATURES
  • Health
  • Lifestyle
  • News
  • News
  • Obituary
  • OBITUARY
  • Opinions
  • RELIGION
  • Religion
  • Science and Technology
  • Sports
  • Sports and Entertainment
  • TOURISM

Recent Updates

  • 1,300 Candidates Battle for Just 31 Jobs at OAG
  • Seku applauds boda boda leaders for championing Patriotism
  • Dr. Ayo Appointed New World Bank Country Director for Uganda
  • Powering Africa’s Future with Clean Cooking
August 2025
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
  • About Us
  • Internship
  • Contact Us

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

No Result
View All Result
  • Parrots Media
  • News
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Lifestyle
  • Others
    • Climate Change
    • Education
    • Religion
    • Opinions

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

You cannot copy content of this page