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Actis to sell stake in Uganda power vendor Umeme

Umeme technicians repair power lines in Kampala. Actis has 60.08 per cent shareholding in the Ugandan electricity vendor. Photo/FILE

UK-based private equity firm Actis is set to dispose of a chunk of its shares at the Nairobi Securities Exchange (NSE) cross-listed power firm Umeme.

The Uganda electricity vendor on Tuesday suspended trading of its shares on the Uganda Securities Exchange (USE) and Nairobi Securities Exchange (NSE) after the majority shareholder said it was selling a significant part of its stake.

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