With the petroleum sector beginning to thrive in the Albertine Region, power distributor Umeme has revealed plans to invest over 7 billion shillings in upgrading the Hoima Power Sub-Station to...
Uganda’s main power distribution utility Umeme has tabled a $219 million (Shs813.2 billion budget) for 2021. Of that, $119 million (Shs442.4 billion) will be for capital investments in the grid while $60m (Shs222.4bn) will cater for net operating costs. The company says it will spend $2m (Shs6.6bn) on lease payments and the balance ($38m/Shs141.8bn) on […]
Umeme shareholders today approved a total dividend payout of shs19.8 billion after endorsing shs12.2 per ordinary share based on the company’s 2020 performance. The dividend will be paid out on or about July 19th, 2020, to shareholders in the Company’s register at the close of business on 25th June 2021. The shareholders also re-elected Mr. […]
Mr Thomas Tayebwa says that government has secured $600m funding from the World Bank to facilitate last mile connections for customers who cannot afford the customer-funded connections.