A Stanbic Bank stand at an exhibition in Kampala. The high liquidity on the bank’s stock saw its price rise by 15.2 percent to Ush23 ($0.0065) at the beginning of 2021. PHOTO| FILE Stanbic Bank Uganda maintained its position as the most-traded stock on the Uganda Securities Exchange in July, amid liquidity drought on the […]
A Umeme technician carries out a connection (PHOTO/Courtesy). KAMPALA – In line with Government of Uganda’s Strategy to support local content under the Buy Uganda Build Uganda policy, Umeme’s purchases for electricity poles from local farmers now stands 90,000 annually. Umeme has since 2008 been consuming electricity poles from 6 local suppliers who buy from […]
A Umeme technician carries out a connection (PHOTO/Courtesy). KAMPALA – In line with Government of Uganda’s Strategy to support local content under the Buy Uganda Build Uganda policy, Umeme’s purchases for electricity poles from local farmers now stands 90,000 annually. Umeme has since 2008 been consuming electricity poles from 6 local suppliers who buy from […]
3 days ago . 1 min Read The tour is part of her familiarisation visits of different sectors in her ministry The Minister of Energy and Mineral Development, Ruth Nankabirwa, on Tuesday, toured the Uganda Petroleum Institute Kigumba (UPIK) in Masindi district. The institute offers diploma and certificate courses in the field of petroleum management. […]
Rapidly-growing supplier Octopus Energy has extended its tentacles into Spain, acquiring Valencia-based green startup Umeme Energía in a “multi-million” pound deal. Announcing the deal, Octopus said it would invest £60 million into Umeme in a bid to “disrupt the market and drive customer service excellence in the Spanish energy sector.” The tech unicorn will offer […]
Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Russian vehicle tracking deal: How Museveni letter trapped Muhwezi THE LAST WORD Inside Uganda’s political delusions: How the hullabaloo and bruhaha over MPs allocating themselves Shs200bn for cars is much ado over nothing COMMENTS Twaake taps opportunities […]
Image: Octopus Energy Group Octopus Energy has today announced it has acquired Spanish green energy startup Umeme. With this acquisition, the British company aims to enter the Spanish energy market, providing renewable electricity tariffs among other services. Launched in 2019 by four energy entrepreneurs, Umeme currently serves almost 5,000 domestic and business customers across the […]
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 […]
Future performance remains uncertain due to the ongoing COVID-19 lockdown Kampala, Uganda | JULIUS BUSINGE | Stock turnover at the Uganda Securities Exchange recorded a 74% growth in the second quarter of this year to Shs5.9bn compared to the previous session as energy and banking dominated trading. Electricity distributor, Umeme, took the first position, posting […]
3 hours ago . 1 min Read Umeme Uganda Limited has announced a power blackout in several areas of Entebbe Municipality Friday. According to Umeme, the planned shutdown is meant to allow maintenance works, and power restoration is expected at 5:00pm. “All inconveniences caused are regretted,” Umeme apologised in a notice. The affected areas include; […]
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