In April, the country was plunged into brief national blackout after a ‘huge water weed island’ stormed the Nalubaale hydropower station in Jinja causing clogging of intake gates for Nalubaale, Kiira & Bujagali power plants ENERGY|ENVIRONMENT At 9:17pm on Sunday, electricity distribution company Umeme warned consumers of possible disruption in supply due to a floating […]
This is contained in a communication of the decisions taken by the cabinet during its sitting on Monday at State House Entebbe. REA’s failure to reimburse distribution companies their costs resulted into Umeme suspending new connections in July this year The cabinet has put to a halt implementation of the electricity connections policy, popularly known […]
Umeme MD Selestino Babungi inspecting one of the transformers at MMP industrial park in Njeru, Jinja (PHOTO/File) BUIKWE — Umeme’s powerline from Owen Falls in Jinja to MMP Industrial Park in Buikwe is up and now awaits the completion of the construction of factories in the park to plug them to the grid. Four factory […]
Kampala, Uganda | THE INDEPENDENT | Did Hamis Kiggundu acquire a syndicated loan from Diamond Trust Bank -DTB? This will be one of the many questions that will face the Court of Appeal and the legal fraternity as a whole. Diamond Trust Bank filed a notice to appeal the ruling in which the commercial court […]
In a bid to improve the reliability and the capacity of electricity supply in Northern Uganda, Umeme in collaboration with the Uganda Electricity Transmission Company Limited (UETCL) and Uganda Electricity Distribution Company Limited (UEDCL) together with several partners are executing several projects aimed at boosting quality and reliability of supply in the region. Umeme Head […]
Hajji Hamis Kiggundu with his lawyer Fred Muwema at commercial court on Wednesday Kampala High Court has ruled that DTB Kenya (DTBK) acted illegally in lending money to Ham Enterprises owned by businessman Hamis Kiggundu, a landmark ruling with major implications on syndicate lending in Uganda. The Commercial Division Judge, Henry Peter Adonyo on Wednesday […]
We can all agree that saving is a good thing, but earning a return on your investment is very important not only to help you in periods when you have run out of other sources of income but also to enable you to achieve your investment goals. These goals can vary, usually, people save to […]
Investors buying shares at the at the Nairobi Securities Exchange (NSE) at prevailing prices are enjoying a return from dividends matching the rates earned by buyers of short-term government securities. NSE data shows the dividends as a percentage of share price (known as dividend yields) for 18 listed firms range between 7.3 and 19.7 percent, […]
Umeme said last month that its Yaka system is overloaded due to the high customer numbers, estimated at 1.5 million. Umeme has been receiving a number of complaints from customers over failure of the Yaka billing system. KAMPALA – Small and medium-sized enterprises (SMEs) have condemned Umeme’s plot to pass on the cost of upgrading […]
An aerial view of Mbale City, East of the country (PHOTO/Courtesy) MBALE – Cities play a very important role in shaping the livelihoods of many people as more than half of the global population lives in urban centres. Every city needs stable and reliable electricity to feed its ever-growing industrial, commercial and domestic needs. Mbale […]
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