Tag Archives: umeme

Umeme commissions Ishaka substation Kampala, Uganda | THE INDEPENDENT | Uganda’s main electricity distribution company Umeme has  commissioned a newly reconstructed sub-station in Ishaka substation as a way of improving power reliability and quality of supply in the Western region. According to a statement from Umeme, the $1,470,000 Ishaka substation boosts Umeme’s …

Kampala, Uganda | THE INDEPENDENT | Uganda Electricity Generation Company Limited (UEGCL) has confirmed that the cause of the power outage that has left several areas in East Africa in a blackout, was in Kenya. Corporate Affairs Manager UEGCL Simon Kasyate told Uganda’s Daily Monitor that they had established the cause …

Kampala, Uganda | THE INDEPENDENT | Uganda’s electricity distributor, Umeme, is to invest $155 million during 2018 to among other things, refurbish old networks, build new power sub-stations and improve the network across the country. The firm’s Deputy Managing Director, Sam Zimbe, said they have submitted an investment plan for the …

Why Uganda needs to attract new investors to consume excess electricity Kampala, Uganda | JULIUS BUSINGE | On Nov. 16, power distributor, Umeme Limited held a media dialogue in Kampala where top managers – Selestino Babungi (managing director) and Sam Zimbe (deputy MD) answered questions about their work since 2005. The …

Kampala, Uganda | THE INDEPENDENT | Umeme Limited Nov.16 held a media dialogue to highlight the utility’s investments in the power distribution infrastructure. Speaking at the event, Managing Director Selectino Babungi said Umeme had cumulatively invested over $500m in the distribution network. He revealed that the investments have led to the doubling …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda Limited won this year’s Gold Award for the 7th edition of the 2017 Financial Reporting (FiRe) Awards organized by the Capital Markets Authority, the Institute of Certified Public Accountants of Uganda, Uganda Securities Exchange and media company – New Vision. The National …

Kampala, Uganda | GODFREY SSALI | A parent from Nakaseke District has dragged UMEME to the High Court in Kampala seeking to be paid 700 million shillings as a compensation for the loss of her 8 year old daughter. Through Nakagga and Company Advocates, Mirina Nabaka says that on August 07, …

  UMEME: Company fails to win court case against ERA, writes off Shs115.3bn from its balance sheet  Kampala, Uganda | JULIUS BUSINGE | Electricity distributor, Umeme Limited, recorded a first ever loss since it listed its shares on the Uganda Securities Exchange and the Nairobi Secures Exchange five  years ago. …

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 …

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 …