Electricity connectivity has become impossibly expensive ever since the suspension of the electricity connection policy in December. PHOTO | file The suspension of the electricity connection policy, which had been subsidising new applications has made new electricity connections almost impossible dropping by 90 per cent since December last year, writes Christine Kasemiire . Electricity poles […]
President Museveni commissioned more than a dozen infrastructure development projects, including five roads, four markets, two power substations and a water transport vessel all worth at least Shs1.3 trillion in the last 50 days of last year. The projects include those that are complete and operational and others on which work commences during the course […]
KEY POINTS Safaricom is still the top mover of the day after selling 14.32 million shares followed by Equity Group with 5.83 million shares. Kenya Power and Kenya Re-Insurance sold 755,500 and 432,800 shares respectively. The top gainer of the day (Wednesday, January 27, 2020) was Centum Investments Limited with 5.92 percent at the price […]
KEY POINTS Top gainers of the day; Unga Group, Total Kenya, Crown Paints Kenya, Uchumi Supermarkets, and Umeme. Top losers were Trans-Century, Standard Group, Longhorn Publishers, Centum, and Carbacid. As the month of January snails to an end, Unga Group kicked off this week as the top gainer of the day with 8.29 percent at […]
Government has offered a 10 per cent return on investment (ROI) in the ongoing negotiations in which power distributor Umeme is seeking a new concession. Umeme’s current 20-year concession expires in 2025. Multiple sources close to the matter, who preferred anonymity due to the sensitivity of the negotiations, said government has put a 10 per […]
Umeme’s connections have fallen from a monthly average of 30,000 to just 3,945. Photo | File Data from Uganda’s largest power distributor, Umeme, indicates that the company received only 3,945 applications between December and January 2021 from a monthly average of 30,000. In December, government suspended the free electricity connection policy, citing lack of funds. […]
Government has offered a 10 per cent return on investment (ROI) in the ongoing negotiations in which power distributor Umeme is seeking a new concession. Umeme’s current 20-year concession expires in 2025. Multiple sources close to the matter, who preferred anonymity due to the sensitivity of the negotiations, said government has put a 10 per […]
A man walks past power lines. Electricity Regulatory Authority subsidises the first 15 units paid by domestic consumers at a reduced rate of Shs250. Commercial and medium customers will starting January enjoy a slightly reduced power tariff after Electricity Regulatory Authority (ERA) cut the cost while maintaining prices for other customer categories three times in […]
Demand for electricity has also grown by 6 per cent, which the utility company attributes to increased numbers of people working from home. PHOTO/DAVID LUBOWA Demand for electricity from the top 40 large industrialists in the country has increased by 16 per cent on account of increased regional demand, Umeme managing director, Mr Selestino Babungi […]
President Yoweri Museveni cuts a ribbon to officially launch the new Mukono North substation (PHOTO/Courtesy). MUKONO – President Yoweri Museveni has launched a new multibillion Mukono North power transmission substation in Mbalala, near Kampala. The President said the UGX72.5 billion power station would help spur industrialisation and job creation. The substation is expected to provide […]
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