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electricity distribution

Umeme Managing Director, Selestino Babungi. Umeme is yet to publicly articulate how it intends to return value to shareholders during this transitional period—whether through special dividends, share buybacks, or another mechanism. Without clarity, market confidence is likely to deteriorate further.

Increased investments and connections, drive Umeme’s H1 2023 revenue to UGX1.1 trillion

Increased economic activity thus increased power demand, translating into increased customer connections combined to spur a 19.9% growth in Umeme Limited’s gross revenues for H1 2023, the energy distribution company has reported.
August 21, 2023
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One of Umeme's modern substation at Nakawa, Kampala. Government needs USD215 million to compensate Umeme for its investments in the distribution network.

Umeme exit buyout to cost USD215 mn as MPs urge gov’t to act in haste to ensure there are no gaps after Umeme exit

The government of Uganda will have to part with USD215 million to acquire majority shares of power distributor, Umeme, when the power distributor’s 20-year contract comes to a close in 2025. Irene
April 12, 2023
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