The net value of the assets of Ugandan electricity distributor Umeme Limited dropped by Ush256.77 billion ($68.9 million) in the 12 months to June 2023, eating into the potential capital gains that shareholders will receive in compensation when its concession to distribute electricity in the country ends in 2025.
The firm, which has been cross-listed on the Nairobi Securities Exchange (NSE) since December 2012, operates a 20-year electricity distribution concession from the government of Uganda.
