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    Selestino Babungi

    A photo collage of Bank of Baroda Managing Director Shashi Dhar, Quality Chemical Managing Director Ajay Kumar Pal, Stanbic Holdings Chief Executive Francis Karuhanga, Umeme Managing Director Selestino Babungi, and Airtel Uganda Managing Director Soumendra Sahu. The five companies delivered standout returns for the period between January and September 2025.

    Black Diamonds: Five Stocks that Beat Bonds and NSSF in Returns

    CEO East Africa MagazineThe Big StoryOctober 2, 2025October 10, 2025

    The stock market continues to deliver standout opportunities for investors. Five locally listed companies posted exceptional returns that outpaced both government bonds and the National Social Security Fund (NSSF). The…

    Uganda’s 100 Leading and Most Admired CEOs 2024

    Muhereza KyamuteteraCEOsLists & RankingsThe Big StoryDecember 19, 2024December 19, 2024

    Hardly two years after arriving in Uganda to take up her very first CEO role at Uganda’s largest telco, MTN Uganda, Sylvia Mulinge has emerged as Uganda’s most admired CEO,…

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

    Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryAugust 21, 2023August 21, 2023

    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…

    Half Year Financial Results: Umeme records 9% demand increment, sales jump to UGX. 876b

    Nelson NambooleCompany NewsNews & AnalysisAugust 22, 2022August 22, 2022

    Umeme Limited has released its unaudited interim condensed financial results for the six months’ period ended June 2022. In the financial statement signed by the company Chairman and MD, Patrick…

    Umeme onboards 120 new graduates, technicians

    CEO ReporterThe Big StoryJune 7, 2022June 7, 2022

    Electricity distributor Umeme Limited has recruited 100 new technicians and 19 Graduate Trainees drawn from different Universities and Colleges across the Country. The recruitment is in addition to the 588…

    Vandals siphon UGX26 billion from electricity sector, disrupt economic activity

    CEO ReporterCompany NewsNews & AnalysisFebruary 14, 2022February 14, 2022

    Vandalism of electricity infrastructure in Western Uganda has hit alarming levels with vandals stealing over 133 km of cable in just 12 months and causing unprecedented disruption of electricity supply….

    Umeme Connects 125,000 new customers to the grid this year

    CEO ReporterCompany NewsNews & AnalysisDecember 21, 2021December 21, 2021

    Power distributor Umeme connected 125,000 new customers to the grid in the 11 months to November 2021. This represents a 54% growth in new connections from 57,000 recorded in the…

    Busia district Chairman rallies Ugandans to buy shares in Umeme

    CEO ReporterCompany NewsNews & AnalysisDecember 19, 2021December 20, 2021

    The LC5 Chairperson of Busia Stephen Wasike Mugeni has asked Ugandans to buy shares in Umeme to benefit from the good performance of the Utility. Wasike, while speaking at the…

    16 years of investment and service, big electricity users, applaud Umeme for improved reliability- but like Oliver Twist, they want more, for less

    Muhereza KyamuteteraIndustry & AnalysisNews & AnalysisThe Big StoryNovember 22, 2021November 22, 2021

    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…

    Umeme invests UGX 17 billion to stabilise power supply in Gulu

    CEO ReporterCompany NewsNews & AnalysisSeptember 30, 2021September 30, 2021

    Power distributor, Umeme, has injected over UGX17 billion in the past three years to stabilize and create reliable power supply in Gulu City and surrounding areas, Umeme managing director told…

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