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Suspension of Umeme lifted as negotiations conclude

Investors buy Umeme shares during its IPO in 2012. Actis had voluntarily applied to the USE on November 4 for the suspension of trading of the shares. PHOTO | FILE

The suspension on trading of Ugandan power firm Umeme’s shares at the Nairobi Securities Exchange (NSE) has been lifted after British PE fund Actis concluded negotiations for the sale of its stake with selected institutional investors.

Trading in the shares has also resumed in the Uganda Stock Exchange (USE), which is the primary listing market of the company, effectively indicating that Actis has concluded its exit from the power firm.

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