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In The Magazine

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Umeme’s net profits tumble to Shs12 billion

Nevertheless, the company has declared a 22.4% increase in its dividend payout, translating to Sh 78.2 per ordinary share as concession draws closer Kampala, Uganda | THE INDEPENDENT | Uganda’s electricity distribution company, Umeme, has reported a significant decrease in its net profit, plummeting from Shs 148 billion in 2022 to …

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Uganda, TZ inaugurate EACOP coating plant

Kampala, Uganda | JULIUS BUSINGE | On March 26, a significant stride was made in the East African Crude Oil Pipeline (EACOP) project with the commissioning of a crucial coating plant located in Sojo, Nzege, in Tanzania’s Tabora Region. The ceremony was graced by Ruth Nankabirwa, Uganda’s Minister of Energy and …

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Big tech shocks electric utilities

Whether or not the climate is getting warmer, the sector is getting hotter and sparks are flying COMMENT | TODD G. BUCHHOLZ & MICHAEL MINDLIN | If John D. Rockefeller were around today, he’d be screwing a Google Nest, the pioneering smart thermostat  into the wall of his home. The notoriously …

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Post-capitalist pessimism

Faced with a choice between parasitic capitalism and emerging neo-fascism, pessimism is reasonable COMMENT | ROBERT SKIDELSKY | In 2003, the literary critic Fredric Jameson famously observed that “it is easier to imagine the end of the world than the end of capitalism.” For the first time in two centuries, he …

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