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 […]
Umeme Managing Director, Selestino Babungi, speaks at the March 2021 launch of MyUmeme Online- an electronic portal that allows self-funding customers to apply for power online and get connected, usually in 3 days. The power distributor, while releasing their HY2021 results said it was committing USD30 million (out of which USD14 million has already been […]
Umeme technicians at work in Kampala. The company is Uganda’s sole power distributor. PHOTO | FILE The power distributor’s total sales revenues rose from Ush848.8 billion ($238.9 million) in June 2020 to Ush827.9 billion ($233 million) in June 2021 while net profit before tax increased from Ush32.2 billion ($9 million) to Ush69.6 billion ($19.6 million) […]
Expanding into Spain means Octopus is now active in 11 countries. Image: Octopus Energy. British entech company Octopus Energy has entered the Spanish market with the acquisition of green energy startup Umeme. The company is targeting attracting a million Spanish energy accounts to its brand by 2027, helping it reach its overall goal of 100 […]
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