Page 5 - இளம் சிஇஆர்டிஐஎஃப்ஐஇடி பொது கணக்காளர்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Umeme shares plummet after Museveni remarks May 9, 2021 Selestino Babungi, Umeme managing director President Yoweri Museveni s May 1 Labour Day remarks over electricity distribution costs seem to have sent shock waves among shareholders of Umeme Limited, the main electricity distributor in Uganda.    The concern over the president’s statement emerged this week on Thursday as Umeme shareholders met for the annual general meeting in Kampala. Umeme board chairperson, Patrick Bitature while addressing the shareholders, said Museveni s remarks are already impacting the company negatively. Bitature says, for example, the company’s shares lost their prices by half when the president first demanded to know about the concession, and that since then, the price has never recovered.  

Irene muloniGerald ssendaulaRichard byarugabaSelestino babungiPatrick bitatureFlorencen mawejjeMs ernst youngUganda electricity distribution company limitedNational social security fundKampala serena hotelAfrican crude oil pipelineYoweri museveniUmeme limitedSocial security fundEast african crude oil pipelineKampala serena