Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Umeme Uganda to Invest $32 Million in Power Substations in 2011

Don't Miss Out —
Follow us on:

Nov. 30 (Bloomberg) -- Umeme Ltd., a Ugandan power distributor owned by Actis LLP’s Infrastructure 2 Fund, will invest $32 million next year to improve substations, boost new connections and set up prepayment systems, it said.

The company has invested $96 million in expanding and refurbishing the nation’s electricity network since winning the concession in March 2005, it said in a statement published in the Kampala-based Daily Monitor newspaper today. That’s 47 percent more than the $65 million the company was required to invest by March 1, 2010, according to its concession terms.

Umeme holds a 20-year distribution concession in the East African nation until 2025. CDC Group Plc, an investor in developing countries owned by the U.K. government, is the largest investor in the Actis fund that owns Umeme.

To contact the reporter on this story: Fred Ojambo in Kampala via Johannesburg at

To contact the editor responsible for this story: Antony Sguazzin at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.