PROJECT

Projects

Summary of Investment Information

Project Number

33500

Company Name

UMEME LTD

Date SPI Disclosed

Jul 1, 2013

Country

Uganda

Region

Africa

Projected Board Date

Aug 2, 2013

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Aug 20, 2025

Department

Gbl Infrastructure & Natural Resources

Industry

Infrastructure

Previous Events

Approved : Aug 9, 2013
Signed : Nov 12, 2013
Invested : Dec 19, 2013

Sector

Distribution Business

Additional Project Attributes

Public-Private Partnerships

Project Description

Umeme Limited (“Umeme”, or the “Company”), Uganda’s largest electricity distribution company, plans to invest up to US$ 440 Million in Uganda’s distribution system over the course of the next years until and including 2018. Out of this amount the Company expects to raise debt financing of up to US$ 170 Million (the “Project”), while the remainder is to be financed through internally generated funds. The investment is aimed at improving the system’s operational performance including distribution losses and collection rates amongst others. Umeme holds a concession for electricity distribution in Uganda until 2025 and is presently majority owned by Actis LLP.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation