The Ugandan government is seeking to borrow approximately UGX 697.8 billion (US$190.99 million) from Stanbic Bank to facilitate the buyout of Umeme Limited, the country's main electricity distributor. This proposal was tabled by the Minister of State for Finance (General Duties) during the parliamentary session on Tuesday, February 18, 2025. Speaker of Parliament Hon Anitah Among referred the request to the Committee of National Economy. Umeme's 20-year concession is scheduled to conclude on March 31, 2025. In preparation for this transition, the government has decided not to renew the concession and plans to transfer electricity distribution responsibilities to the Uganda Electricity Distribution Company Limited (UEDCL), a state-owned enterprise. The government hopes to consolidate control over the energy sector and ensure more affordable and reliable electricity services for Ugandans. The buyout amount has been a subject of discussion, with estimates varying over time. In early 2024, the government projected a payment of approximately US$225 million to Umeme to cover unrecovered investments in the national grid upon the concession's end. The buyout is US$190.99 million, as indicated by the current loan proposal. The final amount is expected to be confirmed following a comprehensive audit by the Auditor General.