Umeme arrests hundred in Kampala for pinching electricity (PHOTO/File) KAMPALA — A police swoop in Najjanankumbi, Nateete and Wandegeya suburbs in Kampala netted up to 368 suspected electricity thieves. Police swooped on the areas following reports that many residents in those suburbs were illegally connected to the electricity grid. It made the subsequent arrests over […]
The electricity distribution company sees brighter days ahead owed to ongoing COVID-19 vaccination and the anticipated improvement in the economy Kampala, Uganda | ISAAC KHISA | Shareholders of electricity distributor, Umeme, face a 70 % drop in dividends to Shs19bn for 2020 owed to a sharp drop in net profit as a result of tough […]
KAMPALA (Reuters) – Uganda’s only power distributor Umeme Limited said on Tuesday its 2020’s pretax profit plunged 69% as electricity sales plummeted due to anti-coronavirus measures including a nationwide lockdown. The utility, which is listed on the Uganda and Kenya stock exchanges, holds a monopoly 20-year power distribution concession that is due to expire in […]
Kampala — Shareholders of electricity distributor, Umeme, face a 70 % drop in dividends to Shs19bn for 2020 owed to a sharp drop in net profit as a result of tough economic environment occasioned by coronavirus pandemic. The company’s financial statements shows that its net profit plunged by 69% from Shs139.2bn in 2019 to Shs43.1bn […]
Siti 2 hydropower plant in Bukwo District, Mbale City A powerline rises and dips as it makes its way from the surging Bukwo District countryside to Mbale city in eastern Uganda. Upstream, water gushes through Siti 2 small hydropower plant, spinning turbines and generating electric current. Electrons then flow from the plant to a substation […]
Siti 2 hydropower plant in Bukwo District, Mbale City A powerline rises and dips as it makes its way from the surging Bukwo District countryside to Mbale city in eastern Uganda. Upstream, water gushes through Siti 2 small hydropower plant, spinning turbines and generating electric current. Electrons then flow from the plant to a substation […]
Government had in December suspended free electricity connections, citing lack of funds. PHOTO/FILE. The Ministry of Energy has said government has approached the World Bank for a $400m (Shs1.4 trillion) credit facility to resume free electricity connections for the next five years. State Minister for Energy Simon D’ujanga yesterday said government is fast-tracking efforts to […]
The electricity distribution company, Umeme, and Uganda Police Force launched a joint operation against illegal power connections and related activities across the country starting with Kampala. The relaunch of the operation dubbed ‘Komboa’ follows an increase in the level of power losses over the last one year, especially during the lock down, when enforcement was […]
Leading power distributor Umeme navigated a challenging year to register profit for its shareholders amidst a tough COVID19 operating environment and the regulatory lag in recovery of outstanding income. Although the profits declined, the giant utility managed to complete its capital investment programme of $75m (about sh279b) to improve the network distribution capacity, supply reliability […]
KAMPALA — Power distributor Umeme navigated a challenging year to register profit for its shareholders amidst a tough COVID19 operating environment and the regulatory lag in recovery of outstanding income. Although the profits declined, the giant utility managed to complete its capital investment programme of $75m (about sh279b) to improve the network distribution capacity, supply […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.