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    UETCL

    CEO in the Hot Seat: Will UETCL’s Richard Matsiko Reverse the UGX 293 Billion Loss?

    Paul MurungiEnergy, Oil & GasThe Big StoryFebruary 3, 2026February 3, 2026

    Uganda Electricity Transmission Company Limited (UETCL) has emerged from the Auditor General’s FY2024/25 report as one of the most financially distressed entities in the country’s energy value chain—at precisely the…

    An Energy Sector in Disarray: OAG Report Reveals Serious Gaps in Uganda’s Oil & Gas and Electricity Subsectors

    Paul MurungiEnergy, Oil & GasThe Big StoryFebruary 2, 2026February 2, 2026

    For more than a decade, Uganda’s energy sector—under the political stewardship of Ruth Nankabirwa Ssentamu since 2021—has ranked among the government’s top priority sectors, consistently absorbing trillions of shillings in…

    Engineer Richard Matsiko Confirmed as UETCL Chief Executive Officer

    Paul MurungiThe Big StoryJanuary 30, 2026January 30, 2026

    The Board of Directors of the Uganda Electricity Transmission Company Limited (UETCL) has confirmed Eng. Richard Matsiko as the company’s substantive Chief Executive Officer, replacing Mr. Joshua Karamagi, who resigned…

    The PPDA Tribunal has cancelled UETCL’s UGX 13 billion legal services award for the Umeme arbitration, citing flawed evaluation and illegal price changes, and ordering a full re-evaluation of all bids.

    Ligomarc-Umeme Arbitration Legal Services Award Set Aside as Tribunal Faults UETCL on Staff Verification and Pricing in UGX 13 Billion Dispute  

    Muhereza KyamuteteraThe Big StoryNovember 15, 2025November 15, 2025

    The Public Procurement and Disposal of Public Assets (PPDA) Appeals Tribunal has overturned a multi-billion-shilling contract award issued by Uganda Electricity Transmission Company Limited (UETCL). It did so after finding…

    ERA’s decision to pause new licences highlights a growing infrastructure gap between power generation and grid capacity, a $230 million pause for stability.

    Govt Freezes New Solar and Wind Licences Amid Grid Stability Concerns

    Jeff WintersBusiness & MarketsNews & AnalysisNovember 4, 2025November 4, 2025

    The Electricity Regulatory Authority (ERA) has suspended licensing of new grid-connected solar photovoltaic (PV) and wind power projects. The suspension originates from concerns over the national grid’s current capacity to…

    Umeme, UETCL Face off Over Estimated UGX 600 Billion Debt After Parliament Probe

    Paul MurungiBanking & Financial ServicesCompany NewsThe Big StoryOctober 14, 2025October 23, 2025

    The long-running standoff between Umeme and the Uganda Electricity Transmission Company Limited (UETCL) over a UGX 594 billion debt has once again thrown Uganda’s power sector into turmoil, exposing deep…

    Official UETCL company memo announcing the resignation of CEO Joshua Karamagi and appointment of Eng. Richard Matsiko as Acting CEO, dated July 25, 2025, signed by Board Chairman Kwame Ejalu.

    BREAKING NEWS: UETCL CEO Joshua Karamagi Resigns, Eng. Richard Matsiko Appointed Acting CEO

    Paul MurungiEnergy, Oil & GasThe Big StoryJuly 25, 2025July 25, 2025

    In a surprise executive shake-up, Uganda Electricity Transmission Company Limited (UETCL) has announced the resignation of its Chief Executive Officer, Mr. Joshua Karamagi, CFA. The Board of Directors accepted his…

    A Final Toast to The Last Umeme Employees Standing

    CEO East Africa MagazineExecutive ProfilesThought LeadershipMarch 28, 2025March 28, 2025

    By David Birungi In a few days, the last man standing at Umeme will flip the 240 volts switch and move on to the next lit room in UEDCL. Congratulations…

    Uganda’s oil projects hit by delays, funding shortfalls – Auditor General says 

    CEO ReporterBanking & Financial ServicesBusiness & MarketsCompany NewsEast AfricaEnergy, Oil & GasGlobal NewsNews & AnalysisPolitics & GovermentThe Big StoryJanuary 23, 2025January 23, 2025

    The Auditor General, Edward Akol, has noted with concern that the Tilenga and KingFisher Development Area oil projects in western Uganda are behind schedule in hitting completion targets, with some…

    Auditor General reveals most profitable and loss-making gov’t agencies

    Paul MurungiBanking & Financial ServicesBusiness & MarketsC-Suite LeadershipEnergy, Oil & GasManufacturing & IndustryNews & AnalysisTechnology & InnovationThe Big StoryJanuary 17, 2025January 18, 2025

    The Uganda Electricity Transmission Company (UETCL) has been ranked as the most profitable public company with a profit of UGX 82.3 billion earned through energy sales in the Financial Year…

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