Govt Loses UGX129 Billion to UMEME Top story

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UMEME is the electricity distributor courtsey photo

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In short
The Uganda Government has lost approximately 129 billion shillings to the electricity distributor, UMEME in depreciation and return on asset since 2004 when the latter signed a contract to take over power distribution. The Auditor General says this non-compliance with the Lease Assignment Agreement provisions negatively affects future investments of Uganda Electricity Distribution Company Limited.

 

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