Kampala, Uganda | THE INDEPENDENT | Umeme Limited, the major electricity distributor, has commenced the upgrade of all prepaid electricity vending/metering systems, a project aimed at meeting the global metering standards and deadline of November 2024. Last week the Ministry of Energy and Mineral Development announced that the current Yaka meters …
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Kampala, Uganda | THE INDEPENDENT | Electricity distributor, Umeme Ltd, upgraded to first class, its readiness for power stability around the venues and hotels earmarked for the Non-Aligned Movement (NAM) and G77+China summit in Kampala next month. The summits due to start in just over three weeks will take place at …
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Kampala, Uganda | THE INDEPENDENT | The year 2024 will be the last full year for Umeme Ltd, the prime electricity distributor in Uganda, and they promise no decline in their service delivery to the end. The company is due to end its 20-year concession in March 2025, and the assets, …
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Net operating cash flow increased by 18% to Shs221 billion supported by cash collections, operating profits, optimised working capital, and financing costs during the period Kampala, Uganda | THE INDEPENDENT | Electricity distributor, Umeme has reported a 20% increase in revenue to Shs1tn for the six months of the year ending …
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Kampala, Uganda | THE INDEPENDENT | With barely 18 months to run out its 25-year concession, power distributor, Umeme Ltd has made a 49 percent growth in operating profit for the first half ended June 2023. The company attributed the profit before amortisation and impairment, tax, and interest of 243,530 billion …
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Kampala, Uganda | THE INDEPENDENT | The total value of the companies listed on the Uganda Securities Exchange (USE) dropped by 10.5 percent in the last quarter of this year (April-June) mainly due to the turmoil in Kenya, according to the Capital Markets Authority (CMA). The total market capitalization decreased …
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Jinja, Uganda | THE INDEPENDENT | Busoga East police have rescued nine UMEME employees who were deployed to disconnect illegal power lines in Iwumba village in Buwaya Sub County in Mayuge district. The UMEME team descended on the area on Wednesday to crack down on illegal power connections where residents …
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Kampala, Uganda | THE INDEPENDENT l Government is set to pay US$215 million (Sh802 billion) to acquire majority shares of power distributor, Umeme. The move comes as Umeme’s 20 year contract comes to a close in 2025, giving government full control of the power distribution system, marking the end of …
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Kampala, Uganda | THE INDEPENDENT | Government is set to pay US$215 million (Sh 802 billion) to acquire majority shares of power distributor, Umeme. The move comes as Umeme’s 20 year contract comes to a close in 2025, giving government full control of the power distribution system, marking the end …
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The electricity distributor’s assets are to be handed over to the government in 2025 Kampala, Uganda | THE INDEPENDENT | A surge in customer base, efficiency in revenue collection and a reduction in energy losses helped the electricity distributor, Umeme to record a 6.5% growth in profit after tax for the …
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