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Tag Archives: energy

Equity Bank Uganda to lead way in financing eCooking

Equity Bank Launches Affordable Financing for Electric Cooking In Uganda   Kampala, Uganda | THE INDEPENDENT | Equity Bank Uganda in partnership with UKAID and the ministry of Energy has launched affordable financing for eCooking products and technologies in Uganda. Dubbed the Modern Energy Cooking Services (MECS) Trust Fund, it …

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How data centres are reshaping Africa’s power market

From Johannesburg to Kampala, Africa’s digital ambitions are now inseparable from the strength of its power grids Kampala, Uganda | RONALD MUSOKE | Africa’s digital economy is beginning to recast the continent’s electricity landscape, with data centres emerging alongside households, factories and mines as a significant new source of power demand. …

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Energy will decide the AI race

COMMENT | VITTORIO QUAGLIONE  |  Data-center investments hint at a coming shift in the AI race. Soon, if not already, reliable, affordable electricity will confer the decisive advantage in the sector. As Albert O. Hirschman argued in National Power and the Structure of Foreign Trade, an economy’s true power lies in its …

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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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