Uganda Clays and Stanbi Bank dominated trading activity at the Uganda Securities Exchange (USE) in the quarter ended June, according to USE chief executive officer Paul Bwiso. During the period, Mr Bwiso said, Uganda Clays had traded 85.4 million shares, accounting for 56.79 per cent of traded volumes while Stanbic accounted for 25.3 per cent […]
Representatives of UMEME Ltd hand over electricity connection accessories to the Minister of Energy and Mineral Development, Ruth Nankabirwa. The Ministry of Energy and Mineral Development recently handed over electricity connection accessories to Uganda’s main power distribution company, UMEME Limited for last-mile connectivity of 87,500 rural households to affordable electricity. The Ugandan government, with support […]
The Uganda Securities Exchange has seen a rebound in trading activity after months of a slowdown due to Covid-19, which continues to ravage equity markets across the globe. Uganda Clays and Stanbi Bank dominated trading activity at the Uganda Securities Exchange (USE) in the quarter ended June, according to USE chief executive officer Paul Bwiso. […]
With support from the African Development Bank (www.AfDB.org) and other partners, the Ugandan government has launched the last-mile connectivity component under the Uganda Rural Electricity Access Project in Iganga in the eastern Luuka District. During the 14 September 2021 event, the Ministry of Energy and Mineral Development handed over electricity connection accessories to Uganda’s main […]
Iganga, 24 September 2021 – With support from the African Development Bank and other partners, the Ugandan government has launched the last-mile connectivity component under the Uganda Rural Electricity Access Project in Iganga in the eastern Luuka District. During the 14 September 2021 event, the Ministry of Energy and Mineral Development handed over electricity connection […]
Umeme’s Babungi Fort Portal, Uganda | THE INDEPENDENT | Uganda’s main electricity distribution company Umeme has decried the rampant vandalism of power equipment in the Tooro region. The Managing Director Umeme Celestino Babungi says that the company has lost transformers, transmission cables, poles and pylons to unscrupulous people. Speaking in Fort Portal on Friday at […]
Power transmission lines have increased by 121 kilometres in the last one year due to increased investment in the energy sub-sector by both government and the private sector, according to the Ministry of Energy. Speaking in Kampala during the inaugural energy meeting (makutano) on sustainable energy and economic transformation development in Uganda Minister of State […]
UMEME’s corporate affairs and regulatory director, Blessing Nshaho says that, much as they have partnered with agencies to ensure that, most of the trading centres have access to power, electric wires are being vandalized, which has since slowed down connections. Constant power outages in Luuka District have been attributed to consistent vandalism and theft of […]
Growing import substitution and partial payment of a huge project debt incurred by government sharply boosted Umeme Ltd’s earnings during the first six months of 2021 amidst soft Covid-19 lockdown measures but political uncertainty surrounding the operational future of Uganda’s largest electricity distributor remains a nagging headache for investors. The power distributor’s total sales revenues […]
Approximately 87,500 no-pole customers to be connected to the electricity grid Kampala, Uganda | THE INDEPENDENT | Uganda government has secured $100milion funding from the African Development Bank to switch-on some of the long-pending new electricity connection applicants under the Umeme electricity distribution footprint. Commissioned in Waibuga Sub County in Luuka District recently, up to […]
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