UEDCL revenues jump to Shs70bn

UEDCL revenues jump to Shs70bn

Technology, network expansion and investments in a new pole plant will drive revenues up going forward, executives say | JULIUS BUSINGE | Uganda Electricity Distribution Company Limited has reported a sharp rise in revenue from Shs54bn in FY2017/2018 to Shs70bn in FY2018/2019 citing increased electricity network in rural areas. Paul Mwesigwa, the company’s managing director […]

Uganda: Govt Owes Umeme Shs679b but Only Has Shs54.5m in Account

Uganda: Govt Owes Umeme Shs679b but Only Has Shs54.5m in Account

BY Christine Kasemiire The Auditor General has warned government of the increasing liability of the Shs679b owed to Umeme yet the escrow account holding repayment funds only has Shs54.4m. In the report to Uganda Electricity Distribution Company Limited (UEDCL) for the period ended June 2019, the Auditor General warned that the buyout amount for Umeme […]