Umeme Buyout: Stanbic Bank to lend government Shs 700 bn
Parliament is looking into a proposal by the government to borrow $190 million (approx Shs 700bn) from Stanbic Bank to facilitate the buyout of Umeme Limited. The proposal was tabled by Henry Musasizi, the minister of state for Finance. The matter was pushed to the Committee on National Economy for review. Umeme started the process…


