THIS WEEK: USE unveils University Challenge Kampala, Uganda |THE INDEPENDENT | Uganda Securities Exchange has unveiled the USE University Challenge in a bid to inculcate an investment culture among students in universities. The three month Challenge that will end in December seeks to give youth a platform to trade and …
Read More »THIS WEEK: Umeme’s Babungi wins CPA Award
THIS WEEK: Umeme’s Babungi wins CPA Award Kampala, Uganda | THE INDEPENDENT | Umeme’s Managing Director, Selestino Babungi, was awarded the Certified Public Accountants of the year Award for the 2017 Financial Reporting Awards. The awards were organized the Institute of Certified Public Accountants of Uganda (ICPAU) aimed at enhancing …
Read More »KCCA okays UNRA, NWSC, Umeme work at Centenary Park
Uganda government agencies in charge of roads, water and electricity have been given the go-ahead by Kampala City Council Authority (KCCA) to start work on several projects that will use part of the land now housing Centenary Park. According to a statement released by the office of the KCCA executive …
Read More »Umeme partners with Hind’s Feet Project in Mbale
Umeme Limited has reached out to thousands of residents residing in and around Busiu Community in Mbale through a health and safety community fair Stationed at Busiu Health Centre, Umeme invited residents of Busiu and surrounding areas to attend the fair which went on from 8:00am to 6:00pm June 1. …
Read More »UMEME blames power outages on climate change at AGM
Uganda power distributor Umeme Limited has attributed the constant power outages that leave hundreds of Ugandans in the dark to global warming. During a stakeholders’ Annual General Meeting (AGM) at Sheraton Hotel on Thursday, Chairman Board of Directors Patrick Bitature said the national electricity grid could not handle increasingly stronger …
Read More »UMEME: Dewinton Road transformer was ‘interfered with’
Electricity distribution company Umeme have said investigations indicate the transformer that fell on a vehicle on Dewinton Road on Tuesday was likely tampered with. “Preliminary investigations indicate that the network may have been interfered with, causing the transformer structure to fall into the vehicle. Comprehensive investigations are still underway to …
Read More »COMMENT: Why ‘Buy Uganda’ is bad deal
By eyeing government contracts, potentially game-changing policy locks out general public solidarity with business I have a confession to make. I love mangoes. They are as sweet to look at as they are sweet to taste. Whether arranged in the cool aisles of supermarkets, on neat stalls of town markets, …
Read More »Can Uganda survive with highest electricity prices in EA?
Recent hike means current tariff structure could end up killing industries The cost of production in Uganda could soon rise as government continues to increase electricity tariffs amidst dwindling production due to low consumer demand. Analysis by The Independent shows that the government has increased electricity tariffs by over 22% …
Read More »BUSINESS BRIEFS: NSSF increases stake in Umeme, MTN cuts rates
The National Social Security Fund has bought more shares in power distributor Umeme, increasing its stake from 14% to 23 %. NSSF boss Richard Byarugaba said Fund’s decision was in line with “our statutory mandate to invest NSSF members savings for high returns.” He said the Fund has reached an …
Read More »VIDEO: Umeme raids Bwaise, starts operation against illegal connections
VIDEO: UMEME continued their nationwide operation to halt illegal connections and power theft by raiding Bwaise this week. The operation in Bwaise, left many areas in the Kampala suburb in darkness following several shut downs by power distribution company UMEME, as they intensified their operation to crackdown on power theft and illegal connections. These vices according …
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