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Tag Archives: umeme

Umeme records Shs139bn net profit

Performance is attributed to increase in electricity demand, cost reduction Kampala, Uganda | JULIUS BUSINGE | Shareholders of power distributor, Umeme Limited will not go home with nothing in their Annual General Meeting slated later in the year as the company recorded a slight increase in net profit from Shs132bn …

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Bad start for Uganda’s stock market

Executives hope that the future is bright as listed entities post profits Kampala, Uganda | JULIUS BUSINGE | Companies trading on the Uganda Securities Exchange have opened the New Year with poor performance. Umeme, Quality Chemical Industries Limited (CQCIL) shares have fallen below the Initial Public Offering (IPO) price. This …

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Northern Uganda to endure unstable electricity supply until April

Kampala, Uganda | THE INDEPENDENT | Power consumers in Northern Uganda will continue experiencing unreliable electricity supply until April when alternative power line from Achwa 2 hydroelectricity plant is switched on. Power consumers in the region currently rely on an erratic power line from Jinja which snakes to Tororo, Soroti and …

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Umeme secures $70m for investments in the distribution network

Kampala, Uganda | THE INDEPENDENT | Uganda’s electricity distributor, Umeme Limited has secured a $70m (Ushs .258 billion) funding to support its planned investments in the electricity distribution network. The International Finance Corporation (IFC) was the lead-arranger in the syndicate including Stanbic Bank Uganda Limited, Standard Chartered Bank and the …

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Business operators in Nansana tampering with yaka meters

Kampala, Uganda | THE INDEPENDENT | Most businesses operating in Nansana Municipality in Wakiso district are tempering with Yaka meters. This was exposed on Saturday during an abrupt door to door operation dubbed komboa, by Umeme. It is meant to crack down on power theft in the area. Eng. John …

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400 CCTV cameras yet to be installed in Kampala

  Kampala, Uganda | THE INDEPENDENT | More than 400 out of 3,323 Closed Circuit Television-CCTV security cameras planned for Kampala Metropolitan policing area are yet to be installed. Acting Director for Information Computer Technology- ICT, Felix Baryamwisaki, has revealed that 400 cameras haven’t been installed because of the on-going road …

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Power outages to continue in Northern region – UMEME manager

Kampala, Uganda | THE INDEPENDENT | Uganda`s power distribution firm, Umeme limited has said that the Northern region will continue experiencing power outages. The region has been experiencing persistent power outages for over thirty years. But Umeme has attributed the problem to the single source of power transmission and vandalism …

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NWSC lays off 31 prepaid water meter token vendors

Kampala, Uganda | THE INDEPENDENT  |  National Water and Sewerage Corporation has dismissed 31 Prepaid Water Meter Token Vendors. They had been recruited and trained to distribute water tokens to consumers in Kampala city. The layoff of the agents climaxed last month since it started at the beginning of the year. …

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Weaker laws encouraging power theft and vandalism -UMEME

  Kampala, Uganda | THE INDEPENDENT | Uganda’s main electricity distribution company, UMEME has decried weak legislation as a major impediment towards fighting power theft and vandalism in the country. The company lost at least 40 transformers to vandalism in addition to several other electricity supply infrastructure and illegal connections …

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