(L-R) Hon Vincent Bamulangaki Ssempijja, Minister for Defence and Veteran Affairs, Baroness Sandip Verma, Chairperson, Nexus Green Limited and Rikki Verma, Chief Executive Officer Nexus Green Limited interacting during the prelaunch of 516 KWP solar power plant at Kololo Ceremonial Ground Kampala on February 25, 2022. Photo | Ismail Musa Ladu What you need to […]
Tag: umeme
Museveni: Parliament to Amend Law to Lock Umeme Out of Industrial Power Distribution
Museveni meeting Chinese investors at State House, Entebbe on Wednesday President Museveni has said he will engage the Speaker of Parliament to fast-track the amendment of the Umeme Act and ensure that electricity goes directly from generation to the industrial consumer to spur economic growth through industrialization. “Power should go directly from generation to the […]
Coca-Cola’s $8bln African IPO plan
Image used for illustrative purpose. A view of Coca-Cola bottles at the opening ceremony of a Coca-Cola factory outside of Yangon June 4, 2013. Soe Zeya Tun Coca-Cola Co, based in Atlanta, US, could quaff €7bn ($8.1bn) when it lists its African bottling operations with an initial public offering. It owns 66.5% of Coca-Cola Beverages […]
USE equity turnover drops 73pc
Traders at one of the Business awareness events in 2012 in Kampala. PHOTO | FILE According to the bourse’s monthly bulletin for January, the value of shares traded declined to Ush2.05 billion from Ush7.8 billion ($2.2 million) in December last year (2021),representing a daily average turnover of about Ush103 million ($29,132.8). The volume of shares […]
UBL Recognized as Overall Winner for Best HR Practices in Uganda
UBL staff led by Ag. MD Eunice Waweru join other winners at Prudential Best HR Practice awards. Uganda Breweries Limited (UBL) was on 18th February 2022 recognized as the overall winner for the Best Human Resource (HR) Practices in Uganda during the Prudential Best HR Practices Report launch at Kampala Serena Hotel. The recognition came […]
Uganda Starts Auditing Umeme Investments; Shops for New Investor in Energy Sector
Umeme electricians recovering illegal materials from the network in Nyendo, Masaka during an anti-power theft campaign The Ugandan government has blocked new investments by power distributor, Umeme, as it searches for a new investor who will help in bringing down the cost of electricity and improve the quality of the distribution network as well as […]
How to Accept Cashless Payments as a Business in Uganda
If you have a business in Uganda and still insist on accepting cash, you are missing out a lot. Why? Because the demand for cashless payments is growing in the country. The number of people who would rather have mobile money instead of hard cash is growing. According to the Bank of Uganda, the value […]
Ailing Uchumi Carries The Day As Top Gainer At The NSE
Top Gainer The top gainer of the day at the Nairobi Securities Exchange was Uchumi Supermarket with 10.10 percent at the price of 0.22 shillings per share followed by Sasini with 7.43 percent at the price of 21.70 shillings per share. Umeme and Kakuzi gained 6.21 and 5.73 percent at the price of 6.50 and […]
Sanlam Kenya Tops The NSE On Thursday, Sameer Africa Tails
KEY POINTS The top loser of the day was Sameer Africa shed off 6.51 percent at the price of 2.44 shillings per share followed by TPS Eastern Africa (Serena) with a loss of 6.15 percent at the price of 12.20 shillings per share. Top Gainers The top gainer of the day at the Nairobi Securities […]
Octopus Energy reports close to breakeven financial results but predicts it will take a £100m hit from energy crisis
Greg Jackson, Octopus Energy Group CEO, said "2022 will be tough in energy." Image: Octopus Energy. Octopus Energy Group is expecting to take a £100 million hit from the energy crisis, the company announced alongside its FY20/21 results. It has set aside £2.5 million in additional funding to help customers ahead of prices jumping substantially […]