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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Kasese, Uganda | THE INDEPENDENT | A primary six pupil of Infant Preparatory School has been electrocuted in Kisanga B Nyamwamba Division of Kasese Municipality. Julia Biira a 16-year-old girl, reportedly stepped on a live electric wire that had fell down following heavy rains. Philimon Misika, the deceased’s father said his …
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Luwero, Uganda | THE INDEPENDENT | Power distributor Umeme has raided the home and medical school belonging to Katikamu North Member of Parliament (MP) Denis Ssekabira for alleged power theft. The weekend operation across Luwero Town Council targeting a number of houses and buildings started from the legislator’s home in Kizito …
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Kampala, Uganda | THE INDEPENDENT | Government has been urged to expeditiously address vandalism of electricity transmission networks before the expiry of Umeme’s contract in 2025. Lawmakers on the Committee of Environment and Natural Resources said the increasing cases of vandalism under the country’s main electricity distribution company’s (Umeme) regime were causing …
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