Why Uganda needs to attract new investors to consume excess electricity Kampala, Uganda | JULIUS BUSINGE | On Nov. 16, power distributor, Umeme Limited held a media dialogue in Kampala where top managers – Selestino Babungi (managing director) and Sam Zimbe (deputy MD) answered questions about their work since 2005. The …
Read More »
Kampala, Uganda | THE INDEPENDENT | Umeme Limited Nov.16 held a media dialogue to highlight the utility’s investments in the power distribution infrastructure. Speaking at the event, Managing Director Selectino Babungi said Umeme had cumulatively invested over $500m in the distribution network. He revealed that the investments have led to the doubling …
Read More »
Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda Limited won this year’s Gold Award for the 7th edition of the 2017 Financial Reporting (FiRe) Awards organized by the Capital Markets Authority, the Institute of Certified Public Accountants of Uganda, Uganda Securities Exchange and media company – New Vision. The National …
Read More »
Kampala, Uganda | GODFREY SSALI | A parent from Nakaseke District has dragged UMEME to the High Court in Kampala seeking to be paid 700 million shillings as a compensation for the loss of her 8 year old daughter. Through Nakagga and Company Advocates, Mirina Nabaka says that on August 07, …
Read More »
UMEME: Company fails to win court case against ERA, writes off Shs115.3bn from its balance sheet Kampala, Uganda | JULIUS BUSINGE | Electricity distributor, Umeme Limited, recorded a first ever loss since it listed its shares on the Uganda Securities Exchange and the Nairobi Secures Exchange five years ago. …
Read More »
THIS WEEK: USE unveils University Challenge Kampala, Uganda |THE INDEPENDENT | Uganda Securities Exchange has unveiled the USE University Challenge in a bid to inculcate an investment culture among students in universities. The three month Challenge that will end in December seeks to give youth a platform to trade and …
Read More »
THIS WEEK: Umeme’s Babungi wins CPA Award Kampala, Uganda | THE INDEPENDENT | Umeme’s Managing Director, Selestino Babungi, was awarded the Certified Public Accountants of the year Award for the 2017 Financial Reporting Awards. The awards were organized the Institute of Certified Public Accountants of Uganda (ICPAU) aimed at enhancing …
Read More »
Uganda government agencies in charge of roads, water and electricity have been given the go-ahead by Kampala City Council Authority (KCCA) to start work on several projects that will use part of the land now housing Centenary Park. According to a statement released by the office of the KCCA executive …
Read More »
Umeme Limited has reached out to thousands of residents residing in and around Busiu Community in Mbale through a health and safety community fair Stationed at Busiu Health Centre, Umeme invited residents of Busiu and surrounding areas to attend the fair which went on from 8:00am to 6:00pm June 1. …
Read More »
Uganda power distributor Umeme Limited has attributed the constant power outages that leave hundreds of Ugandans in the dark to global warming. During a stakeholders’ Annual General Meeting (AGM) at Sheraton Hotel on Thursday, Chairman Board of Directors Patrick Bitature said the national electricity grid could not handle increasingly stronger …
Read More »
The Independent Uganda: You get the Truth we Pay the Price