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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Luwero, Uganda | THE INDEPENDENT | The administration of the National Water and Sewerage Corporation (NWSC) and the electricity distributor Umeme are embroiled in a dispute over the recurring water issue in Luwero Town Council, Luwero District. By Sunday afternoon, households connected to the NWSC system had endured four days …
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The company’s procurement list includes electricity poles, transformers, office equipment, cables, and various services Kampala, Uganda | JULIUS BUSINGE | The Uganda Electricity Distribution Company Limited (UEDCL) is gearing up for an increase in operations and procurement, projecting a significant rise in annual spending from the current average of Shs50 billion. …
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Kampala, Uganda | THE INDEPENDENT | Government is putting in place structures that will ensure a smooth transition after the concession for the power distributor Umeme, is not extended beyond March 2025. Umeme has for the last 19 years become a household name and is known for introducing the now-popular Yaka …
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Kampala, Uganda | THE INDEPENDENT | Umeme Limited, the major electricity distributor, has commenced the upgrade of all prepaid electricity vending/metering systems, a project aimed at meeting the global metering standards and deadline of November 2024. Last week the Ministry of Energy and Mineral Development announced that the current Yaka meters …
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Kampala, Uganda | THE INDEPENDENT | Electricity distributor, Umeme Ltd, upgraded to first class, its readiness for power stability around the venues and hotels earmarked for the Non-Aligned Movement (NAM) and G77+China summit in Kampala next month. The summits due to start in just over three weeks will take place at …
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Kampala, Uganda | THE INDEPENDENT | The year 2024 will be the last full year for Umeme Ltd, the prime electricity distributor in Uganda, and they promise no decline in their service delivery to the end. The company is due to end its 20-year concession in March 2025, and the assets, …
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Net operating cash flow increased by 18% to Shs221 billion supported by cash collections, operating profits, optimised working capital, and financing costs during the period Kampala, Uganda | THE INDEPENDENT | Electricity distributor, Umeme has reported a 20% increase in revenue to Shs1tn for the six months of the year ending …
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Kampala, Uganda | THE INDEPENDENT | With barely 18 months to run out its 25-year concession, power distributor, Umeme Ltd has made a 49 percent growth in operating profit for the first half ended June 2023. The company attributed the profit before amortisation and impairment, tax, and interest of 243,530 billion …
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Kampala, Uganda | THE INDEPENDENT | The total value of the companies listed on the Uganda Securities Exchange (USE) dropped by 10.5 percent in the last quarter of this year (April-June) mainly due to the turmoil in Kenya, according to the Capital Markets Authority (CMA). The total market capitalization decreased …
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