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The current rope pulling and shoving offer an insight into what is turning out to be an interesting twist in the exit of Umeme. Until a few days ago, the events around the exit of the company that has been part of Uganda’s electricity sub-sector for 20 years, had been largely silent. However, in the weeks to the end of the concession due on 31st March 2025, voices emerged and have become louder, threatening to tear apart a relationship – despite the existence of some knocks here and there – that has been cordial over the 20 year-course of the…
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The Commercial Division of the High Court in Uganda has ordered Kenyan businessman Atul Shah to pay Megha Industries Uganda $358,431 (UGX 1.3 billion) and UGX 24.3 million for breach of a lease agreement linked to defunct Nakumatt Uganda. The case, presided over by Justice Patience T.E. Rubagumya, arose from a dispute over unpaid rent and utility bills for retail space at Victoria Mall in Entebbe, Wakiso District. Court found that Mr Shah, as a co-principal debtor and surety under a tenancy agreement signed in 2017, was liable for the unpaid rent arrears due to Nakumatt Uganda that had remained…
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TotalEnergies has finalized an agreement with Scatec, a Norwegian renewable energy company, to acquire 100% of its subsidiary SN Power, which focuses on renewable hydropower projects in Africa. This acquisition involves a joint venture where Scatec holds a 51% interest in SN Power, in partnership with Norfund and British International Investment (BII). As a result of this deal, which is subject to specific conditions, TotalEnergies will obtain a 28.3% stake in the Bujagali hydropower plant in Uganda. Additionally, TotalEnergies will gain minority interests in two hydropower projects that are currently being developed in Rwanda and Malawi. Bujagali Hydroelectric Power Station…
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The African Development Bank Group has commended Rwanda for making significant progress in the growth of its road network, education needs and energy access which has proved to have last mile impact on its citizens over the last five years. Rwanda is a beneficiary of the African Development Fund – the Bank Group’s concessional funding window – secured in November 2021, and is focused on two priority areas. The first priority area is strengthening physical infrastructure to increase productive resources and reduce the cost of doing business, and the second is developing skills and financial capacity to boost the private…
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Roofings Group―the Strength of a Nation, as they love to call themselves, is Uganda’s largest steel and construction products maker and certainly one of the largest in East and Central Africa. In Uganda, the Group is made up of Roofings Limited- the Group’s seed steel factory in Lubowa on the Kampala, Entebbe Road established in 1995 as well as Roofings Polypipes, also in Lubowa, that makes construction grade PVC fittings for plumbing, drainage, and electrical installations. Roofings Rolling Mills (RRM), the third unit of the Group is a 3-unit complex that was started in 2009 with a wire galvanizing plant,…
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Congratulations upon making 20 years. What would you say are the key highlights, achievements and or milestones, for ERA and generally the Electricity Supply Industry (ESI) in these 20 years? ERA’s achievements can best be understood within the context of our mandate and vision. Our Vision is to be a recognized regulator in the promotion of sustainable electricity supply for socio-economic transformation. This, in brief means, having sufficient, affordable, quality, and reliable generation, transmission and distribution of electricity to Ugandan entities- household, businesses, institutions etc., wherever they are, that meets current and future demand. It also means ensuring that all…
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Umeme Limited, Uganda’s largest distributor of electricity has welcomed government’s move to allow customers who can afford to, to pay for their connections as the impasse around the Electricity Connections Policy (ECP) is resolved. Sitting on 26th October 2020, cabinet, according to a statement by the Uganda Media Centre, “agreed to temporary halt the implementation of the provision of connection subsidies to consumers in cognizance of the constraints to the budget.” Cabinet, further, according to the statement, “authorized the Minister of Energy and Mineral Development to issue a policy direction in the interim with effect from 1st March 2021 to…
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High financing costs and increased costs of operation dampened power distributor, Umeme’s net profit for 2017, results announced by the company today show. Despite an 8.7% growth in revenue from…
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