Tag Archives: umeme

By Haggai Matsiko Just days after a parliamentary committee recommended termination of its contract over inflated claims, Umeme is set to again raise the cost of electricity to consumers Ugandans have just days to Dec.07 when review of the application from the nation’s sole electricity distributor, Umeme, ends and it …

Kampala, Uganda | Julius Businge | The Umeme Initial Public Offering which closed on Nov. 7 has been oversubscribed by 35% by all categories of investors, officials said on Nov.8. They [officials] from Stanbic bank Uganda-the transaction advisor, African Alliance Uganda-the lead sponsoring broker said more than the 622, 378, 000 shares …

By Jimmy Siya A day to the closure of the Umeme Initial Public Offer (IPO), the sale of shares, David Alderton the Corporate Development Manager announced the intentions of the International Financial Corporation to buy Umeme Shares. The corporate Advisor African Alliance Brokers, William Nyakatura says there has been a …

By Agather Atuhaire Why the economy is the main loser The government announcement of a new electricity tariff regime on Jan.12 could still backfire but, on paper, it looks like a perfect stroke. Part of the problem is that the tariff regime does not address the real problems in Uganda’s …

By Agather Atuhaire No straight answers to power questions as public waits for Bujagali’s first 50 MW of power The continuous postponement of the when Bujagali hydropower plant will produce its first 50 MW has got many Ugandans concerned. ‘Will that power ever come?’ they ask. Even when it does, …

By Patrick Kagenda They had hoped for even deeper cuts Uganda Clays pays an average Shs 99 million per month in user fees to Umeme, the electricity distribution company. That is about Shs 1 billion per year or about a quarter of the profit that the housing clay products company …

By The Independent Team Experts with insider knowledge of Umeme Ltd operations say some issues were not brought to the attention of relevant government bodies prior to signing the lease and assignment agreement granting Umeme license. Although the agreement obliges Umeme Ltd to invest US$65 million over a period of …

  Report shows how govt lost Shs 452 billion in Umeme deal – Who is to blame? By Andrew M. Mwenda | When General Salim Saleh presented the report of his investigations into the high cost of electricity in Uganda to Energy Minister Hillary Onek on October 5, the focus was …

By Andrew M. Mwenda & Molly Lister Did minister Onek touch a live wire? Sometime early this year, then minister of state for micro finance, Gen. Salim Saleh, went to meet the Deputy Permanent Secretary in the Ministry of Finance, Keith Muhakazi. He had a couple of documents with him …