President Museveni Launches UGX 73 Billion Mukono North Sub-Station

President Museveni Launches UGX 73 Billion Mukono North Sub-Station

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 reliable power supply to more than 75 factories in the Mukono Industrial Zone, currently employing an estimated […]

Free connections to wait, as Umeme contracts general electric to improve services

Selestino Babungi Umeme Managing Director Kampala, Uganda | THE INDEPENDENT | The power distribution company, Umeme Ltd, is hopeful that the electricity connection policy suspended earlier this month could be restored between June 2021 and June 2022, but this will depend on the success of the current efforts to get funding. The free connection policy, […]

Museveni Launches Shs 73Billion Mukono North Sub Station

Museveni Launches Shs 73Billion Mukono North Sub Station

President Yoweri Museveni cuts a ribbon to officially launch the new Mukono North substation 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 reliable power supply […]

Uganda: Covid-19 Slashes Pension Contributions to Shs353b

Uganda: Covid-19 Slashes Pension Contributions to Shs353b

Throughout 2020, the economy has taken a pounding from Coronavirus (Covid-19); which has significantly disrupted economic activity, resulting in loss of jobs and incomes. Experts say the country is yet to know the full extent of the economic impact of Covid-19. The retirement benefits sector has equally suffered the effects of the pandemic, but the […]

COVID-19 slices retirement benefits sector contributions

COVID-19 slices retirement benefits sector contributions

The growth in the pension sector, according Nsubuga, was due to the prudent investment and improved scheme governance Despite the COVID-19 pandemic slicing the retirement benefits sector contributions by 10.2%, the sector posted growth in its portfolio, the latest figures from the Uganda Retirement Benefits Regulatory Authority (URBRA) show. According to the figures, sector contributions […]

Umeme Completes $83.3 Million Planned Investment Amidst Challenges

Umeme Completes $83.3 Million Planned Investment Amidst Challenges

Leading power distributor Umeme is closing 2020 on a high note after completing the $83.3 million planned expenditure despite challenges brought about by the COVID19 pandemic. Umeme spent $83.3 million (about ShsX310 billion) in 2020 to ramp up capacity enhancement and network stabilization programme in rapidly growing regions across its footprint. The money is part […]

Umeme Completes $83.3 Million Planned Investment Amidst Challenges

Umeme Completes $83.3 Million Planned Investment Amidst Challenges

Leading power distributor Umeme is closing 2020 on a high note after completing the $83.3 million planned expenditure despite challenges brought about by the COVID19 pandemic. Umeme spent $83.3 million (about ShsX310 billion) in 2020 to ramp up capacity enhancement and network stabilization programme in rapidly growing regions across its footprint. The money is part […]