Umeme has commissioned another multi-billion project in Luuka District in its quest to boost the Government’s ambitious access agenda and rural electrification . The US$ 4,205,623 (about sh15.2b) project, which involved the construction of over a 500km distribution line, with 96 transformers, will benefit up to 1,000 households. The funding is part of the $100m […]
Cross section of community members attending the launch on Wednesday in Kitimba Residents of Kitimba and Mpanga in Butambala were in a joyous mood as electricity distributor Umeme switched on lines co-funded by the Government of Uganda and KFW this week. They say their future is brighter owing to the benefits of electricity with their […]
Crested Capital stock dealers trading at the Uganda Securities Exchange in Kampala. PHOTO | MORGAN MBABAZI Following the end of the offshore investor season, average trading turnover at the USE dropped to less than Ush20 million ($5,493) per day at the beginning of October while trading volumes fell to less than 200,000 shares per day. […]
The Capital Markets Authority (CMA) has said a drop in share prices of locally listed companies saw the size of Uganda Securities Exchange (USE) decline by 1.3 per cent for the period ended September. In details contained in its Quarterly Bulletin, CMA noted that domestic market capitalisation declined from Shs4.33 trillion for the period ended […]
The uncertainty surrounding the renewal of Umeme’s concession has impacted performance of the company at the Uganda Securities Exchange, according to Capital Markets Authority. In details contained in the Quarterly Bulletin, CMA said Umeme’s share price, for the period ended September continued to fall due to low investor appetite resulting from uncertainty surrounding the renewal […]
The uncertainty surrounding the renewal of Umeme’s concession has impacted performance of the company at the Uganda Securities Exchange, according to Capital Markets Authority. In details contained in the Quarterly Bulletin, CMA said Umeme’s share price, for the period ended September continued to fall due to low investor appetite resulting from uncertainty surrounding the renewal […]
The Capital Markets Authority (CMA) has said a drop in share prices of locally listed companies saw the size of Uganda Securities Exchange (USE) decline by 1.3 per cent for the period ended September. In details contained in its Quarterly Bulletin, CMA noted that domestic market capitalisation declined from Shs4.33 trillion for the period ended […]
( BOLLORE ) – Bolloré Transport & Logistics is proud to welcome Patrick Bitature as the Chairman of the Board for its Uganda subsidiary. Patrick Bitature is a well-respected entrepreneur and philanthropist in Uganda and is the founder and chairman of Simba Group of Companies, an East African conglomerate, with interests in telecommunications, Hospitality, Real […]
Crested Capital stock dealers trading at the Uganda Securities Exchange in Kampala. PHOTO | MORGAN MBABAZI Following the end of the offshore investor season, average trading turnover at the USE dropped to less than Ush20 million ($5,493) per day at the beginning of October while trading volumes fell to less than 200,000 shares per day. […]
At least Shs500b is needed to connect more than 200,000 applicants whose requests remain pending under the Electricity Connection Policy, according to Mr Celestino Babungi, the Umeme managing director. Speaking during a fact finding mission by the Natural Resource Committee of Parliament, Mr Babungi said connecting the backlog, which stands at more than 200,000 applicants, […]
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