Tag Archives: umeme

UMEME: NSSF to reap Shs 2.5 billion in dividend payment for first half of 2016 Utility company Umeme has released their 2016 half year results, which indicate that there was a significant revenue growth but an attendant rise in cost of sales means that there will be less profits for …

COMMENT: David Birungi Why should the leaders of the digital revolution suffer over Uganda’s electricity demand growth rigidities? At the recently concluded Daily Monitor Thought Leader’s Forum themed around the global `Digital Revolution’, I was amazed by the revolution of HelloFood, an Online Food delivery business. According to the CEO …

New report shows access to electricity has risen but complaints about poor service delivery persist Paraffin users 84% to 47 % Electricity users 10% t0 26% Solar users 0.2% to 25% Electricity available 19.4 hours daily People who think power tariffs affordable 54% The proportion of Ugandans who use paraffin …

SN Power Company from Norway are set to take over the development of the Bujagali hydro-power station in Jinja from SITHE GLOBAL Company. The Norwegian hydro power investors led by the Chief Executive Officer of SN Power Company Torger Lien on Thursday briefed President Yoweri Museveni on their plans. Museveni assured …

By Andrew M. Mwenda How improved performance of the two companies tends to attract increasing hostility from parliament and the public The Members of Parliament in Uganda, supported by a loud section of our chattering elite class, seem determined to hold to wrong things dearly even in the face of …

  By Rugaba Agaba Game changer or game over for Uganda? The Independent’s cover: “Inside Umeme shares deal: Energy sector attracts big money, investor makes Shs 200 billion” (Issue 318, May 23, 2014) covered the Secondary Public Offer (SPO) by national electricity distributor, Umeme Ltd. The story insinuated that the …

By Andrew M. Mwenda Why Uganda should move to privatise NSSF and other remaining publically owned or supervised enterprises Last week, Umeme issued a Secondary Public Offering (SPO) on the Uganda Securities Exchange (USE) to institutional investors (individual investors have their turn this week). The response by the market has …

By Haggai Matsiko Energy sector attracts big money, investor makes Shs 200 billion Despite leading to a 5.5% drop in share value, Actis Capital LLP’s sale of 45.1% of its 60.08% stake in Uganda’s sole national power distributor, Umeme Ltd, appears to have gone fairly smoothly. The shares sold at …

By Andrew Kibaya Is parliament really qualified to make such technical recommendations? The principal role of parliament is to make law for the proper governance of the country. Politics aside, Parliamentarians with their diverse regional, education, religious and social class outlook are equipped to make laws that address majority and …

By Melina Platas Izama MPs have generators and other coping resources if the energy sector fails but their voters and industrialists could incur ruinous costs Parliament’s recommendation to cancel the Ugandan government’s contract with the country’s main electricity distributor, Umeme, has reinvigorated the debate over the company’s performance, as well …