• UMEME LIMITED
  • XUGA:UMEM KAMPALA/Uganda
  • 410.00 UGX
  • 0.00 0.00%
  • As of 2017/05/26
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  • About the Company
  • Umeme manages distribution and supply of electricity in Uganda under concession for a period of 20 years until 2025. Concession includes repair, upgrade, and expanding the distribution system within Uganda .
  • Umeme Ltd is a Uganda-based electricity distribution company.

    The Company is engaged in operating, maintaining, upgrading and expanding the distribution network; retailing electricity to its customers, and managing efficiency within the electricity distribution system. The Company offers Yaka!, which is the prepayment system that allows customers to manage and control their electricity. The Company’s service allows users to control and monitor their electricity consumption. It allows users to pay for the amount of Yaka prepaid units users wish to load into their meter. A token of the units requested will be generated from the Company’s system. This token (comprising a 20-digit number) will be given to users. Its Yaka uses a token to recharge the meter with credit energy. When the units are running low, the meter makes a continuous beeping noise to warn users. Users can pay for their Yaka! using TouchPay, which is an electronic payment system.

    Address

    P.O.Box 23841
    Kampala
    Uganda

    Website

    www.umeme.co.ug

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Revenue per year in US $ The higher, the better.
Profits have increased for the last 3 years $47.3m but have not recovered to peak of $51.8m in 2012
Profits per year in US $ The higher, the better.
Profit margins have remained below 30% despite increase in profits indicating a struggle to keep control of costs.
Profit Margin compared to competitors The higher, the better.
Stanbic has maintained return on assets above 3% which is double the global average but is still below the local average.
Management of Assets compared to competitors The higher, the better.
Costs as a percentage of revenue is at 62.82% significantly lower than its peak of 69.85% in 2013. This cost percentage is a lot better than the local average but worse than African average.
Management of Costs compared to competitors The lower, the better.
Cash generation by Stanbic has halved since 2012 but better than 2013 when cash generation was negative due to increased losses in government securities.
Cash Generation compared to competitors The higher, the better.
Assets are currently 90% financed by banks, this may seem high but is similar for both local and African banks. This dependence on debt has reduced slightly over the last few years
Level of Debt compared to competitors The lower, the better.
Stanbic Bank can comfortably cover its immediate debts similar to all local banks. The margin between the liquid assets and current liabilities for Stanbic is lower than other local banks but this has been driven by a drastic increase in customer deposits.
Ability to pay debt compared to competitors The higher, the better.
The available cash (working capital) has increased by 70% over the last 5 years from $112m to $191m. This shows that Stanbic has become more efficient and healthier. This enables that Stanbic to invest more money within the business.
Liquidity/Cash Availability compared to competitors The higher, the better.
Revenues have grown slower than other local banks but the growth in profits has been faster than its local peers. In 2013, Stanbic experienced a 12% drop in profits and 33% drop in revenues, similar to other local banks - this drop in earnings was due to slowdown following the 2011 Ugandan election.
Revenue Growth compared to competitors The higher, the better.
Profit Growth compared to competitors The higher, the better.
Stanbic continues to have pay out the highest level of dividends in Uganda and Africa. Currently Stanbic pays out 3% of its share price but this is half of what it paid out the previous year. This is different from other local banks where dividends have gone back.
Despite Stanbic having high levels of dividend, this drop in dividend yield raises concern about how long this will be sustained.
Return on Equity compared to competitors The higher, the better.
Dividend Yield compared to competitors The higher, the better.
Stanbic Uganda has increased the investment in the business since 2011, and is doing it at the highsest levels both locally and in Africa.
Level of Investment per year in US $ The higher, the better.
Investment Ratio compared to competitors The higher, the better.

Uganda power distributor Umeme Limited has attributed the constant power outages that leave hundreds of Ugandans in the dark to global warming. During a stakeholders’ Annual General Meeting (AGM) at Sheraton Hotel on Thursday, Chairman Board of Directors Patrick Bitature said the national electricity grid could not handle increasingly stronger storms caused by climate change.

He said the biggest concern from shareholders was the increased power outages in certain parts of the country including Kololo and Naguru which is a result of trees and branches coming into contact with overhead lines and poles in spite of the shrub and branch clearing done by the company.

“The environment we are living in today has changed considerably and we have taken cognizance of that. The winds we have are much stronger today in Kampala, we are not used to these gale-force winds and heavy rains,” said Bitature.

Bitature however, noted that UMEME has improved the distribution efficiencies from 50% to 80% through the reduction of energy losses from 38% to 19% in 2016 which he attributed to the company’s anti power theft campaign dubbed as “Wuuyo.”

“Over the last 10 years, Umeme has improved the distribution efficiencies. 

A team of Police officers have pitched camp at the Umeme Limited head offices on Rwenzori House in Kampala to investigate a Shs 10 billion free energy-saving bulbs project.

The police are trying to find out how the government- supported project has been bungled, with most of the bulbs now being sold in shops and supermarkets around Kampala.

Both the police and Umeme have confirmed to The Observer that an investigation is ongoing, although they say it is still at a preliminary stage.

Senior Commissioner of Police Joseph Obwana, who is also the head of investigations at the Criminal Investigations Directorate (CID), confirmed that the police are investigating the bulb saga at Umeme.

The senior legal manager for Umeme, Allan Rwakakooko, also told us: “It is true Police is investigating the allegations that some bulbs were not delivered.”

For Umeme, the prospect of these energy-saving bulbs being stolen does not hurt them financially. Instead, the theft of the free energy-saving bulbs hurts the consumers, who paid money to Umeme, through power bills, to have the bulbs bought and distributed.

Weak economic growth has affected power utility Umeme’s net profit which fell by 6 per cent according to the recently released financial results for 2016.

Umeme registered a net profit after tax of Shs100b in 2016 down from Shs106b in 2015 on account of slowed economic growth due to the high commercial lending rates and the election period.

Speaking during the release of its 2016 full year results at the Uganda Securities Exchange (USE) in Kampala last week, Mr Selestino Babungi, the Umeme chief executive officer (CEO), said there was a significant reduction in sales of electricity in the industrial subsector.

Energy losses averaged 19.0 per cent compared to 19.5 per cent in 2015. This is below the regulatory energy target of 16 per cent.

He said the company invested $93 million (about Shs334.8 billion) in the distribution network in 2016 which increased its total network investment to $500 million (about Shs1.8 trillion ) since the start of the concession.

“The $93 million invested over the period focused on network expansion and restoration, new connections and rollout of prepaid metering,” he said.The key projects implemented during the year include Moniko substation, upgrading Kampala Industrial Business Park in Namanve, new connections, network expansion. 

NSSF boss Byarugaba The National Social Security Fund has bought more shares in power distributor Umeme, increasing its stake from 14% to 23 %.

NSSF boss Richard Byarugaba said Fund’s decision was in line with “our statutory mandate to invest NSSF members savings for high returns.”

He said the Fund has reached an agreement to buy 121.8million shares from Umeme Holdings Limited at a price of Ushs 488 per share, lower than the current market price of Shs525.

The development came just before Umeme suspended trading of its shares on the stock exchange. Umeme also intends to sale the remaining shares. Umeme Holdings Limited, first ceded its majority shareholding in Umeme in 2014 decreasing its stake from 60% to 14.3% through a secondary public offering on the USE and Nairobi Stock Exchange.

Since 2005, Umeme has significantly contributed to the electricity supply industry through investment of up to US$440million in the distribution infrastructure, reduced energy losses by half to 19%, and improved sector cash flows. The firm is currently connecting over 140,000 customers per annum.

Umeme Ltd is a Uganda-based electricity distribution company.

The Company is engaged in operating, maintaining, upgrading and expanding the distribution network; retailing electricity to its customers, and managing efficiency within the electricity distribution system. The Company offers Yaka!, which is the prepayment system that allows customers to manage and control their electricity. The Company’s service allows users to control and monitor their electricity consumption. It allows users to pay for the amount of Yaka prepaid units users wish to load into their meter. A token of the units requested will be generated from the Company’s system. This token (comprising a 20-digit number) will be given to users. Its Yaka uses a token to recharge the meter with credit energy. When the units are running low, the meter makes a continuous beeping noise to warn users. Users can pay for their Yaka! using TouchPay, which is an electronic payment system.

Address

P.O.Box 23841
Kampala
Uganda

Website

www.umeme.co.ug

Bank of Baroda (Uganda) Ltd. engages in the provision of commercial banking services. It offers depositary and loan services, funds transfers, internet banking, automated teller machines, Baroda Connect, and equity brokering. The company was founded on December 18, 1953 and is headquartered in Kampala, Uganda.

Under privatization move of Govt. of Uganda, Parent Bank- Bank of Baroda (India) became the sole owner by taking over 49% shareholding of Govt. of Uganda on 07.06.1999 and divested 20% shares to public in Sept. 2002.

Baroda provides an array of products ranging from Savings Bank account, Current account, Time Deposits, Loans & Advances, ATM facilities, Forex, Treasury, Remittances, Brokerage and Investment advisory, to mention a few besides remittance, forex, collection of URA taxes, water payment of NW&SC, NSSF contribution , Umeme Power Bills etc.

Bank of Baroda (Uganda) Ltd. is a financial institution. The Bank operates as an international bank and operates through approximately 35 service outlets, which includes approximately 20 automated teller machines (ATMs). It provides an array of products ranging from Savings Bank account, Current account, Time Deposits, Loans and Advances, ATM facilities, Forex, Treasury, Remittances, Brokerage and Investment advisory, to mention a few besides remittance, forex, collection of Uganda Revenue Authority (URA) taxes, water payment of National Water & Sewerage Corporation (NW&SC), National Social Security Fund (NSSF) contribution and Umeme Power Bills.

Under international banking, it offers Foreign Exchange and Money Market & Government Securities. The Bank also offers transaction-based Internet banking, through Baroda Connect, which facilitates business firms and corporate to transfer funds, pay salaries to employees, view all the accounts and print the account’s statements.

The National Social Security Fund has bought more shares in power distributor Umeme, increasing its stake from 14% to 23 %.

NSSF boss Richard Byarugaba said Fund’s decision was in line with “our statutory mandate to invest NSSF members savings for high returns.”

He said the Fund has reached an agreement to buy 121.8million shares from Umeme Holdings Limited at a price of Ushs 488 per share, lower than the current market price of Shs525.

The development came just before Umeme suspended trading of its shares on the stock exchange. Umeme also intends to sale the remaining shares. Umeme Holdings Limited, first ceded its majority shareholding in Umeme in 2014 decreasing its stake from 60% to 14.3% through a secondary public offering on the USE and Nairobi Stock Exchange.

Since 2005, Umeme has significantly contributed to the electricity supply industry through investment of up to US$440million in the distribution infrastructure, reduced energy losses by half to 19%, and improved sector cash flows. The firm is currently connecting over 140,000 customers per annum.