A man checks his ‘Yaka’ units in Uganda. PHOTO/FILE The proposal to fine one Shs400 million or Shs1 billion for stealing electricity or vandalising power infrastructure respectively has elicited immense public interest. Government, which made the proposal, says should Parliament pass it, arguing that it will deter would-be offenders. On the other hand, there are […]
Tag: XNAI_UMME
Change to solar power, Museveni tells Defence
(L-R) Hon Vincent Bamulangaki Ssempijja, Minister for Defence and Veteran Affairs, Baroness Sandip Verma, Chairperson, Nexus Green Limited and Rikki Verma, Chief Executive Officer Nexus Green Limited interacting during the prelaunch of 516 KWP solar power plant at Kololo Ceremonial Ground Kampala on February 25, 2022. Photo | Ismail Musa Ladu What you need to […]
169MW of purchased electricity goes unsold every quarter – ERA
On average, distribution companies fail sell at least 17.6 percent of purchased electricity. PHOTO | FILE Electricity distribution companies on average lose about 169 megawatts every three months, which remain unsold, according to data from Electricity Regulatory Authority (ERA). According to details contained in the ERA Electricity Distribution Statistics report for the quarter ended September […]
Museveni: Parliament to Amend Law to Lock Umeme Out of Industrial Power Distribution
Museveni meeting Chinese investors at State House, Entebbe on Wednesday President Museveni has said he will engage the Speaker of Parliament to fast-track the amendment of the Umeme Act and ensure that electricity goes directly from generation to the industrial consumer to spur economic growth through industrialization. “Power should go directly from generation to the […]
Museveni: Parliament to Amend Law to Lock Umeme Out of Industrial Power Distribution
Museveni meeting Chinese investors at State House, Entebbe on Wednesday President Museveni has said he will engage the Speaker of Parliament to fast-track the amendment of the Umeme Act and ensure that electricity goes directly from generation to the industrial consumer to spur economic growth through industrialization. “Power should go directly from generation to the […]
Uganda’s pandemic woes contribute to Africell’s exit
A series of reforms within Uganda’s telecom sector have provided the country with one of the most competitive markets in the region. The entry of MTN Uganda as the second national operator to compete with Uganda Telecom in all telecom sectors fundamentally improved the availability and quality of services offered to end-users. Regulatory reforms in […]
Uganda Securities Exchange equity turnover drops 73%
Uganda Securities Exchange (USE) started the new year on a weak footing with equity turnover falling by 73.8 percent to Ush 2.05 billion ($579,828) in January. According to the bourse’s monthly bulletin for January, the value of shares traded declined to Ush2.05 billion from Ush7.8 billion ($2.2 million) in December last year (2021),representing a daily […]
USE equity turnover drops 73pc
Traders at one of the Business awareness events in 2012 in Kampala. PHOTO | FILE According to the bourse’s monthly bulletin for January, the value of shares traded declined to Ush2.05 billion from Ush7.8 billion ($2.2 million) in December last year (2021),representing a daily average turnover of about Ush103 million ($29,132.8). The volume of shares […]
USE equity turnover drops 73pc
Traders at one of the Business awareness events in 2012 in Kampala. PHOTO | FILE According to the bourse’s monthly bulletin for January, the value of shares traded declined to Ush2.05 billion from Ush7.8 billion ($2.2 million) in December last year (2021),representing a daily average turnover of about Ush103 million ($29,132.8). The volume of shares […]
Uganda Starts Auditing Umeme Investments; Shops for New Investor in Energy Sector
Umeme electricians recovering illegal materials from the network in Nyendo, Masaka during an anti-power theft campaign The Ugandan government has blocked new investments by power distributor, Umeme, as it searches for a new investor who will help in bringing down the cost of electricity and improve the quality of the distribution network as well as […]