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Tag Archives: Patrick Bitature

Concession delays could result in Karuma electricity losses – Umeme

Kampala, Uganda | THE INDEPENDENT | Electricity distributor Umeme has appealed to parliament to review the laws that affect the power sector, especially those that directly affect the pricing of power to the final consumer. The high cost of electricity and the unstable supply are the major concerns presented by electricity users …

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No dividends for shareholders as Umeme concession uncertainty persists

Kampala, Uganda | THE INDEPENDENT | Electricity distributor Umeme has decided not to pay out any dividends to its shareholders despite the significant recovery in business over the last one year, according to the performance indicators. The unexplained decision comes amidst what the company calls uncertainty created by the delayed government …

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Museveni’s remarks rattle umeme shareholders

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni labor day remarks over electricity distribution costs seems to have sent shock waves among shareholders of Umeme Limited-the main electricity distribution company.   The concern over the President’s statement emerged on Thursday as Umeme MEME shareholders met for the annual general meeting in Kampala.  …

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Umeme posts 70% profits fall due to Covid 19

  Kampala, Uganda | THE INDEPENDENT | Electricity Company Umeme Ltd has posted a net profit of 41.1 Billion Shillings from its 2020 operations. This is a decline of 69% from the 139.2 Billion Shillings it recorded in the year 2019.  The huge fall in the profits is largely attributed to …

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Virtual University of Uganda seeks to raise $US1 million for scholarships

Kampala, Uganda | THE INDEPENDENT | Virtual University of Uganda (VUU), Sub-Saharan Africa’s first private online only university and a vanguard in the technological revolution in university education, has kicked off a campaign to raise US$1 million in scholarships and bursaries for masters and postgraduate degrees in Africa. The Fund dubbed …

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