IPO

Umeme lists and sells shares on Uganda Stock Exchange

Umeme lists and sells shares on Uganda Stock Exchange

The Capital Markets Authority and the Uganda Securities Exchange have finally approved the long-awaited UMEME Initial Public Offer.The double approvals effectively kick-start the power distributor’s capital raising initiatives on the USE and later on the Nairobi Stock Exchange, starting on Monday. This means UMEME’s will now have a 38.6 per cent share capital. UMEME general […]