Uganda's Parliament has approved the government's request to borrow $190 million from Stanbic Bank for the buyout of Umeme.

This is despite the Auditor General and the Parliamentary Committee on National Economy making a recommendation to halt the process until the actual buyout amount is determined.

Umeme is listed on both the Ugandan and the neighbouring Kenyan stock exchanges and has monopoly rights to distribute electricity in Uganda through the concession which started in 2005. 

Thami Ngubeni spoke to Channel Africa's Correspondent in Uganda, Mike Arereng

Uganda's Parliament has approved the government's request to borrow $190 million from Stanbic Bank for the buyout of Umeme.
This is despite the Auditor General and the Parliamentary Committee on National Economy making a recommendation to halt the process until the actual buyout amount is determined.
Umeme is listed on both the Ugandan and the neighbouring Kenyan stock exchanges and has monopoly rights to distribute electricity in Uganda through the concession which started in 2005.&nbsp;
Thami Ngubeni spoke to Channel Africa's Correspondent in Uganda, Mike Arereng

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

Business Africa

Africa in Business

Uganda's Parliament approves the government's request to borrow $190 million from Stanbic Bank

Thami Ngubeni and Victor Kgomoeswana, author of "Africa Is Open For Business" and "Africa Bounces Back", and the Executive Director for Marketing and Communication at the University of Limpopo discuss business stories that made headlines in the week.

Thami Ngubeni and Victor Kgomoeswana, author of "Africa Is Open For Business" and "Africa Bounces Back", and the Executive Director for Marketing and Communication at the University of Limpopo discuss business stories that made headlines in the week.

Business round-up with  Victor Kgomoeswana, author of "Africa Is Open For Business" and "Africa Bounces Back"

As South Africa observes Human Rights Day, the Federated Employers Mutual Assurance Company or FEM believes workplace safety is a fundamental human right, especially in the construction sector.

Thami Ngubeni spoke to FEM's Chief Business Development Officer, Sanjay Munnoo.

As South Africa observes Human Rights Day, the Federated Employers Mutual Assurance Company or FEM believes workplace safety is a fundamental human right, especially in the construction sector.
Thami Ngubeni spoke to FEM's Chief Business Development Officer, Sanjay Munnoo.

The Federated Employers Mutual Assurance Company believes workplace safety is a fundamental human right

Different sectors in Africa are gearing up for the G2O summit expected to be held later this year in South Africa (SA) for the first time on African soil. In Agriculture farmers are expecting that the summit will bring about solutions to their challenges and improve the economic outlook of the continent.

 Earlier this week stakeholders in the agricultural sector converged in SA's capital Pretoria, for the national dialogue in preparation for the G20's Meeting of Agricultural Chief Scientists known as MACS -G20 that will be held in in May.

Sisi Segalo took time outside of the dialogue to speak to some farmers about their expectations.

Different sectors in Africa are gearing up for the G2O summit expected to be held later this year in South Africa (SA) for the first time on African soil. In Agriculture farmers are expecting that the summit will bring about solutions to their challenges and improve the economic outlook of the continent.
&nbsp;Earlier this week stakeholders in the agricultural sector converged in SA's capital Pretoria, for the national dialogue in preparation for the G20's Meeting of Agricultural Chief Scientists known as MACS -G20 that will be held in in May.
Sisi Segalo took time outside of the dialogue to speak to some farmers about their expectations.

Uganda's Parliament approves the government's request to borrow $190 million from Stanbic Bank

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