Uganda’s Umeme to list at NSE
― Uganda’s principal power distribution company, Umeme is set to list on the Nairobi Securities Exchange (NSE) and the Uganda Securities Exchange (USE) through an initial public offering (IPO). The company is looking to raise capital on the two bourses in October in order to finance the expansion of Uganda’s electricity distribution network. According to the Uganda Electricity Authority, Umeme’s customers have been on a steady upward trend driven by the demand for power in the country. Its [...].
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