PROJECT

Projects

Summary of Investment Information

Project Number

32795

Company Name

UMEME LTD

Date SPI Disclosed

Nov 6, 2012

Country

Uganda

Region

Africa

Projected Board Date

Oct 31, 2012

Environmental Category

B - Limited

Status

Active

Last Updated Date

Nov 30, 2016

Department

Gbl Infrastructure & Natural Resources

Industry

Infrastructure

Previous Events

Approved : Nov 1, 2012
Signed : Nov 2, 2012
Invested : Nov 5, 2012

Sector

Distribution Business

Additional Project Attributes

Public-Private Partnerships

Project Description

The proposed transaction is an equity participation by IFC in the IPO of Umeme Limited (“Umeme”, or the “Company”), a Ugandan electricity distribution company. Umeme holds a concession for electricity distribution in Uganda until 2025 and the company is presently approximately 98% indirectly owned by Actis Infrastructure 2 LP (“AI2”), an investment fund under the management of Actis LLP, UK-based emerging market Private Equity firm. The IPO consists of the sale of existing shares and subscription of new shares in Umeme.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation