Energy is a key driver for economic growth and development across all economies. It is the catalyst through which real transformation can be achieved due to its multiplier effects across many aspects of our lives. It is against this background that The Mkutano and Ministry of Energy and Mineral Development have convened the Inaugural Energy […]
Umeme Chief Operations Officer Florence Nsubuga and Chief Corporate and Regulatory Officer Blessing Nshaho receive materials from the Minister of Energy and Mineral Development Ruth Nankabirwa in Luuka Kampala | RedPepper Digital – African Development Bank (AfDB) would probably bring back the long-standing lost confidence in Uganda’s electricity body; Umeme, which has faced a lot […]
LUUKA . The Government of Uganda has secured $100m (about sh360b) funding from the African Development Bank to switch on some of the long-pending new electricity connection applicants under the Umeme footprint. Up to 87,500 no-pole of the 250,000 applicants, dating back to 2019 will benefit from the funding commissioned in Waibuga sub county in […]
Uganda’s biggest telecommunications firm, a unit of South Africa’s MTN Group, has launched the East African country’s first mobile phone-based stocks trading platform, a senior executive said on Tuesday. MTN Uganda has a subscriber base of about 15 million and also offers mobile financial services. Users will access the shares trading service, which is offered […]
UNDERFIRE: Umeme Managing Director Mr Selestino Babungi Kampala | RedPepper Digital – Uganda’s Electricity distributor Umeme has decided not to pay out any dividends to its shareholders despite the significant recovery in business over the last year, according to the performance indicators. The unexplained decision comes amidst what the company calls uncertainty created by the […]
Airtel Money kiosik There is a growing number of Ugandans using mobile transaction services which includes using popular platforms like Airtel Money or MTN Mobile Money to pay bills and for services. Effective 13th October 2021, Airtel Uganda has announced new tariffs that will be charged. Things are about to get a little more pricey […]
KAMPALA: Uganda’s biggest telecoms firm, a unit of South Africa’s MTN Group, has launched the East African country’s first mobile phone-based stocks trading platform, a senior executive said on Tuesday. Users will access the shares trading service, which is offered in partnership with Uganda Securities Exchange (USE), through the financial platform, Stephen Mutana, the head […]
UNDERFIRE: Umeme Managing Director Mr Selestino Babungi Kampala | RedPepper Digital – Uganda’s Electricity distributor Umeme has decided not to pay out any dividends to its shareholders despite the significant recovery in business over the last year, according to the performance indicators. The unexplained decision comes amidst what the company calls uncertainty created by the […]
Government is sourcing for material to connect at least 234,989 electricity applicants through the free electricity connection policy. In a press statement released at the weekend Energy and Mineral Development minister Ruth Nankabirwa, said the exercise which is currently ongoing, will be conclude before the end of the month. “Procurement of 234,989 no-pole connection material […]
The utility company saw its net profit more than double to Shs48.2bn Kampala, Uganda | ISAAC KHISA | Lack of clarity on renewal of Umeme’s operating licence in 2025 is limiting its ability to raise more capital and make capital investments in the electricity distribution network. The utility company, which more than doubled its net […]
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