MTN Uganda Ltd. shares climbed as much as 2.5% in their debut on the Uganda Securities Exchange after an initial public offering that was undersubscribed by 35%. MTN raised 535.9 billion shillings ($150.3 million) after floating a 20% stake in an IPO that was the biggest in the East African nation’s history, doubling the Kampala […]
At a time of climbing prices, crashing competitors and demands for green energy, Octopus Energy is welcoming new customers and investors, and is set to make a profit, says Jason Sinclair It’s an ill wind that blows nobody any good. The surge in gas prices that has done for several UK energy suppliers has seen […]
Travor Higenyi, operations manager UMEME North Eastern region, says that in 2016 before the launch of the operations on illegal connection, Bugisu region was leading country wide with high cases of illegal power connection. It has come down to 32% but still leading country wide. UMEME Company has today launched a country wide sensitization drive […]
EDF is the third licensee of Kraken in the UK. Image: Richard Boll Photography. EDF is to move its five million customers onto Octopus Energy’s Kraken platform from the summer of 2023. The energy supplier will use Kraken to manage its customer accounts in the UK and further develop its home heat and electric vehicle […]
Gulu, Uganda — In a bid to support the green agenda, Umeme in partnership with Gulu City have launched a tree planting drive aimed at promoting environmental sustainability and effects of climate change. The company will plant 200 Tabebuia chrysotricha (pink trumpet) trees along Ring Road as a proactive measure to support the City’s ecosystem […]
Umeme has commissioned another multi-billion project in Luuka District in its quest to boost the Government’s ambitious access agenda and rural electrification . The US$ 4,205,623 (about sh15.2b) project, which involved the construction of over a 500km distribution line, with 96 transformers, will benefit up to 1,000 households. The funding is part of the $100m […]
Cross section of community members attending the launch on Wednesday in Kitimba Residents of Kitimba and Mpanga in Butambala were in a joyous mood as electricity distributor Umeme switched on lines co-funded by the Government of Uganda and KFW this week. They say their future is brighter owing to the benefits of electricity with their […]
Crested Capital stock dealers trading at the Uganda Securities Exchange in Kampala. PHOTO | MORGAN MBABAZI Following the end of the offshore investor season, average trading turnover at the USE dropped to less than Ush20 million ($5,493) per day at the beginning of October while trading volumes fell to less than 200,000 shares per day. […]
The Capital Markets Authority (CMA) has said a drop in share prices of locally listed companies saw the size of Uganda Securities Exchange (USE) decline by 1.3 per cent for the period ended September. In details contained in its Quarterly Bulletin, CMA noted that domestic market capitalisation declined from Shs4.33 trillion for the period ended […]
The uncertainty surrounding the renewal of Umeme’s concession has impacted performance of the company at the Uganda Securities Exchange, according to Capital Markets Authority. In details contained in the Quarterly Bulletin, CMA said Umeme’s share price, for the period ended September continued to fall due to low investor appetite resulting from uncertainty surrounding the renewal […]
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