The Uganda Securities Exchange (USE) has lifted trading suspension on Umeme Limited, which began on 31 March 2025 and was last extended to 12 June 2025. As a result, Umeme’s shares have resumed trading effective 13 June 2025, on both the Uganda Securities Exchange (USE) and the Nairobi Securities Exchange (NSE), following the publication of its audited 2024 financial statements.
Trading was halted amid growing speculation around the expiry of Umeme’s 20-year electricity concession and a heated dispute regarding the buyout compensation due from the Ugandan government. Umeme initially claimed US $234 million, but the Auditor‑General later assessed it at around US $118 million, with some verification pending. With no agreement reached, Umeme has formally notified the government of its intention to pursue international arbitration in London, as allowed under the Concession Agreements.
The USE confirmed that the suspension was lifted after the company published its audited financial statements for FY2024, meeting key regulatory requirements. The bourse, however, cautioned investors to make informed decisions given the ongoing legal and financial uncertainties.
“While trading has resumed, investors are advised to exercise caution,” the USE stated. “Umeme will continue to update the public on material developments in line with listing obligations.”
On the first day back in trading today 13 June 2025, Umeme’s share price closed at KES 15.05, down 5.94% from the opening price of KES 16.00 on the Nairobi Securities Exchange. The day saw a total trading volume of 35,000 shares.
