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Tag Archives: energy

Absa Bank Uganda to facilitate UEDCL $50 million power distribution expansion plan

Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda and Uganda Electricity Distribution Company Limited (UEDCL) have today announced the advancement of a five-year $50million, landmark financing facility to the electricity distributor to strengthen national power distribution. Officials said this landmark transaction marks a defining moment for Uganda’s energy sector, and …

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Uganda’s energy development under Museveni

COMMENT | NNANDA KIZITO SSERUWAGI |  President Yoweri Museveni views investment in energy as one of the fastest ways to transform a society and reduce poverty. Multiple studies back this perspective. One such study by the World Bank and the International Energy Agency (IEA) finds that the single biggest driver of …

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UEGCL struggles with Karuma dam costs as profit drops

The company operates four power stations — Nalubaale–Kiira, Isimba, Namanve and Karuma — with a combined installed capacity of 1,213MW Kampala, Uganda | JULIUS BUSINGE | Uganda Electricity Generation Company Limited (UEGCL), the state-owned power producer, reported a sharp fall in annual profit for the 2024/25 financial year, underscoring the …

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Trouble brewing at UEDCL

      Why the new electricity distributor is under fire from both the ministry and the regulator THE LAST WORD | ANDREW M. MWENDA | Daily Monitor reported on Friday, December 5, 2025, that the Prime Minister, Robinah Nabanja, had stopped the minister of energy from firing the top management …

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South Africa’s energy transition goes big

Africa’s largest CO2 emitter has unveiled an ambitious plan that could redefine how the region tackles climate change. SPECIAL REPORT | BIRD AGENCY |  Pretoria’s R2.23 trillion (approx. $128 billion USD) Integrated Resource Plan 2025 sets out to halve the country’s reliance on coal and add more than 100 gigawatts of …

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U.S. energy department terminates hundreds of clean energy projects

WASHINGTON | Xinhua | The U.S. Department of Energy on Thursday announced the termination of 223 projects, most of them clean energy and renewable initiatives funded under the Biden administration. In a press release, the department said that it had identified 321 financial awards supporting 223 projects that it decided …

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Electricity is getting cheaper across Africa

 Electricity is becoming more affordable in Africa as renewable energy scales up. From mini-grids to solar home systems, falling generation costs are translating into lower tariffs, especially in off-grid and rural areas. SPECIAL REPORT | BIRD AGENCY | More Africans are spending less on accessing electricity than before, largely thanks …

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