Director for Eastern &
Southern Africa, IFC
Umeme is investing US$50 million onto upgrading equipment and providing new connections and this loan will form a contribution to this initiative.
According to Jean-Philippe Prosper, IFC director for Eastern and Southern Africa, some 100 000 customers have been connected by Umeme since 2005, and the company has significantly improved the efficiency of the power distribution system within the country.
Uganda has an electrification rate of slightly less than 8% of the 30 million population.