Umeme Managing Director, Celestino Babungi says that almost all the schools that use the post-paid systems have arrears in varying periods over the two years. Schools and other learning institutions have a one-year grace period to clear their outstanding bills, thanks to a decision by electricity distributor, Umeme. The education sector has been arguably the […]
Tag: XNAI_UMME
After MTN listing, Stock Market looks to Airtel in 2022
Airtel Uganda Managing Director, Manoj Murali Kampala, Uganda | THE INDEPENDENT | Uganda’s stock market saw a big leap in growth in 2021, thanks to the listing of MTN Uganda, after more than three years of near-stagnation with limited shares activity. Over the year, the total value of the stocks of the locally listed companies, […]
After MTN listing, Stock Market looks to Airtel in 2022
Airtel Uganda Managing Director, Manoj Murali Kampala, Uganda | THE INDEPENDENT | Uganda’s stock market saw a big leap in growth in 2021, thanks to the listing of MTN Uganda, after more than three years of near-stagnation with limited shares activity. Over the year, the total value of the stocks of the locally listed companies, […]
Uganda: Grace Period – Umeme Gives Schools One Year to Clear Arrears
Power distributor Umeme has given educational institutions a one-year grace period to pay outstanding arrears. With only about three weeks to resume business, Umeme says many educational institutions are still unable to meet their bills because of the lockdown hence the decision to revise the repayment plan. ADVERTISEMENT Speaking to journalists, Umeme’s managing director Selestino […]
125,000 Connected to Grid in 2021-Umeme
Kampala, Monday, December 20th, 2021: Power distributor Umeme connected 125,000 new customers to the grid in the 11 months to November 2021. This represents a 54% growth in new connections from 57,000 recorded in the same period in 2020. “Of the 125,000 connected customers, 53,000 were self-funded and the remaining 72,000 through the Government-subsidised programme […]
Uganda: Grace Period – Umeme Gives Schools One Year to Clear Arrears
Power distributor Umeme has given educational institutions a one-year grace period to pay outstanding arrears. With only about three weeks to resume business, Umeme says many educational institutions are still unable to meet their bills because of the lockdown hence the decision to revise the repayment plan. ADVERTISEMENT Speaking to journalists, Umeme’s managing director Selestino […]
125,000 Connected to Grid in 2021-Umeme
Kampala, Monday, December 20th, 2021: Power distributor Umeme connected 125,000 new customers to the grid in the 11 months to November 2021. This represents a 54% growth in new connections from 57,000 recorded in the same period in 2020. “Of the 125,000 connected customers, 53,000 were self-funded and the remaining 72,000 through the Government-subsidised programme […]
Octopus Energy expanding Kraken platform thanks to £227m investment from CPP Investments
Octopus launched its fan club back in January, before announcing its intention to expand it in November. Image: Octopus Energy. Octopus Energy is looking to grow its Kraken platform, thanks to a £227 million (US$300 million) investment from Canada Pension Plan Investment Board (CPP Investments). Additionally, the investment will be used to expand the Octopus […]
ERA Hoists Many Graduates’ Feet On to the Career Ladder
Stellah Nakibuuka, Communications Officer, Electricity Regulatory Authority It takes a young Ugandan averagely 24 months from the time they complete or drop out of school to when they land their first stable job. This is according to a Uganda Bureau of Statistics (UBOS, 2016) survey on the School-to-Work transition. A lucky few youth, though, get […]
MTN Uganda Shares Climb 2.5% on Debut After Muted IPO Demand
MTN Uganda Ltd. shares climbed as much as 2.5% in their debut on the Uganda Securities Exchange after an initial public offering that was undersubscribed by 35%. MTN raised 535.9 billion shillings ($150.3 million) after floating a 20% stake in an IPO that was the biggest in the East African nation’s history, doubling the Kampala […]