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Tag Archives: Nankabirwa

No dividends for Umeme shareholders

The electricity firm H1 profits increased by 33% to Shs64bn Kampala, Uganda | THE INDEPENDENT | Electricity distributor, Umeme, has withheld payment of an interim dividend to its shareholders despite recording a 33% growth in profit after tax to Shs64bn for the six months period ending June.30. The company executives …

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Isimba dam shutdown

The energy minister says nobody will be punished until investigations are concluded | THE INDEPENDENT | The abrupt shutdown of the 183MW Isimba hydropower plant on Aug.08 continues to cause anxiety amongst Ugandans, with many urging authorities to penalize those that caused the error. However, speaking as the main guest …

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Govt to give out gas cylinders to 1 million households

Busabala, Uganda | THE INDEPENDENT | The Government has launched the distribution of Liquified Petroleum Gas – LPG cylinders targeting one million households in a bid to promote safe and clean cooking. Launched Tuesday by Ruth Nankabirwa, the Ministry of Energy and Mineral Development in Bugo Zone, Busabala in Wakiso …

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Chinese investors petition PM over unstable electricity

Kakiri, Uganda | THE INDEPENDENT | Chinese investors operating different factories in Kakiri Town, Wakiso District have petitioned the Prime Minister Robinah Nabbanja to express their frustration with the erratic electricity supply in the area. Represented by Cai Jiashun, Zong Bo and Lin Yangbin, the investors early this week petitioned …

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Umeme net profits up

The company’s net profit more than tripled to Shs139bn in 2021 Kampala, Uganda | ISAAC KHISA | Uganda’s electricity distribution firm, Umeme, has seen 2021 net profit more than triple to Shs139bn owed to increase in customer base and electricity sales. This is the similar profit earned in 2019 during …

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