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.
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

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 latest edition
October 2, 2025
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.
Newly onboarded Umeme Graduate Trainees and Technicians undergoing onboarding exercise. Umeme aims to be an Employer of Choice providing employment opportunities to Ugandans

Umeme onboards 120 new graduates, technicians

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 contractor technicians
June 7, 2022
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