Uganda Electricity Transmission Company Limited (UETCL) said in a statement that investigations are underway to determine the cause of the power blackout that affected Uganda on Thursday Uganda on Thursday was hit by a nationwide power outage whose cause is not yet known, the state-run power generation company said. The Uganda Electricity Transmission Company Limited […]
Energy minister Mary Goretti Kitutu is racing against the clock to craft a rejoinder explaining the ‘suspension’ of free electricity connections. Parliament last week gave the minister two weeks, one of which elapses today – Wednesday, August 12 – to rationalise the pause. The minister’s response should answer whether the Electricity Connections Policy (ECP) is […]
Power distributor Umeme saw its after-tax-profits fall by 64 per cent, with the revenues affected by low demand for electricity and payments during the coronavirus lockdown. Umeme said in its half-year financials published today that the company’s profits had dropped to Shs 22 billion in the six months to June 2020 from Shs 61 billion […]
Electricity demand dropped to as low as 29% in April. Photo by ERA Kampala, Uganda | THE INDEPENDENT | Power distributor Umeme saw its after-tax-profits fall by 64 per cent with the revenues affected by low demand for electricity and payments during the coronavirus lockdown. Umeme said in its half-year financials published today that the […]
Lagos, Nigeria International equity markets have recovered sharply from the March lows, however, African markets made only a modest recovery. As the continent’s leaders face the extensive task of guiding an economic recovery in the months to come, Rory Kutisker-Jacobson , portfolio manager at Allan Gray, discusses African equities’ disappointing year-to-date returns and highlights some […]
The top gainer of the day on Tuesday at the Nairobi Securities Exchange (NSE) was Standard Group who jumped from the top losers’ table on Monday. The company gained 9.85 percent at the price of 22.30 shillings per share. The second top gainer on Tuesday was Sasini who went home with 9.71 percent at the […]
The top 5 gainers of the day at the Nairobi Securities Exchange (NSE) were: Nairobi Business Ventures Liberty Kenya Uchumi Supermarket East African Cables Kapchorua Tea Kenya. Nairobi Business Ventures gained 10 percent at the price of 0.66 shillings per share followed by Liberty Kenya with 8.03 percent at the price of 7.80 shillings per […]
The week kicked off with Car and General (K) carrying the day at the Nairobi Securities Exchange as the top gainer of the day with 9.74 percent at the price of 23.10 shillings per share. Express and Nairobi Business Ventures were the second and third top gainers on Monday with 9.74 and 7.14 percent respectively […]
Lagos, Nigeria International equity markets have recovered sharply from the March lows, however, African markets made only a modest recovery. As the continent’s leaders face the extensive task of guiding an economic recovery in the months to come, Rory Kutisker-Jacobson , portfolio manager at Allan Gray, discusses African equities’ disappointing year-to-date returns and highlights some […]
Kampala: Uganda was on Thursday hit by a nationwide power outage whose cause is not yet known, the state-run power generation company said. The Uganda Electricity Transmission Company Limited (UETCL) said in a statement that investigations are underway to determine the cause of the massive power blackout, reports Xinhua news agency. “We are experiencing a […]
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