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Tag Archives: umeme

How kicking out Umeme hurts Uganda

By Melina Platas Izama MPs have generators and other coping resources if the energy sector fails but their voters and industrialists could incur ruinous costs Parliament’s recommendation to cancel the Ugandan government’s contract with the country’s main electricity distributor, Umeme, has reinvigorated the debate over the company’s performance, as well …

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Umeme unveils “hero at zero”

By Joan Akello This morning, Umeme, the sole electricity provider launched a promotion to reward customers who have paid their power bills promptly. The promotion dubbed Hero at Zero begins today and will run for 90 days. Mrs. Florence Nsubuga Chief Operations Officer said “The promotion is aimed at reaching …

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Umeme IPO oversubscribed

Kampala, Uganda | Julius Businge | The Umeme Initial Public Offering which closed on Nov. 7 has been oversubscribed by 35% by all categories of investors, officials said on Nov.8. They [officials] from Stanbic bank Uganda-the transaction advisor, African Alliance Uganda-the lead sponsoring broker said more than the 622, 378, 000 shares …

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