Login
Subscribe
TodayFriday, April 24, 2026

Umeme Limited

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.

No Light at the End of the Tunnel: Chaotic Umeme Exit Leaves Investors Guessing In the Dark

Umeme Limited, once the crown jewel of Uganda’s stock market, has left shareholders bewildered and disappointed following a turbulent 2024 marked by a record loss, an unexpected dividend freeze, regulatory concerns, and
June 24, 2025
·
Energy Minister Ruth Nankabirwa (holding microphone) addresses the audience during the official handover of Uganda’s electricity distribution mandate to UEDCL. She is flanked by Umeme Board Chairman Patrick Bitature (left), ERA Chairperson Dr. Sarah Wasagali (centre), Auditor General’s Director Joseph Hirya (right), UEDCL Managing Director Paul Mwesigwa (second from right), and UEDCL Board Chairman Francis Tumuheirwe. This symbolic moment marked more than a transfer of assets—it ushered in a new era of public accountability, transparency, and service delivery. With immense stakeholder expectations now resting on UEDCL’s shoulders, the adoption of a robust e-procurement system will be central to achieving operational efficiency, eliminating corruption risks, and aligning with national digital governance standards. Digitising procurement isn’t just a technical upgrade—it’s the backbone of UEDCL’s ability to fulfill its mandate ethically, economically, and effectively.

UEDCL officially takes over Uganda’s power distribution network 

The Uganda Electricity Distribution Company Limited (UEDCL) has officially taken over the distribution network from Umeme Limited, marking the end of a 20-year concession period that began in 2004. This transition, which
March 31, 2025
·
Ms Irene Pauline Batebe, the Permanent Secretary at the Ministry of Energy and Mineral Development.

Q&A: Energy and Minerals PS, Irene Batebe talks about a post-Umeme energy sector and why government is making a big switch from private capital

Central to these discussions are Uganda’s plans to wean herself off from being over-dependent on private foreign companies in managing the electricity sub-sector. In this case, a post-Umeme/Eskom- concession management strategy has
February 17, 2024
··
Florence Nsubuga brings to Berkeley Energy 20+ years of energy sector leadership as well as a passion for using electricity to catalyse growth in the developing world.

Umeme’s Florence Nsubuga switches to new role as Berkeley Energy’s Uganda CEO

Florence Nakimbugwe Nsubuga, the long-serving Umeme Limited Chief Operating Officer, is leaving the the power distributor for a Country CEO role at Berkeley Energy Uganda Limited, CEO East Africa Magazine, can exclusively
November 23, 2023
···
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
··
The money is meant to support electricity coverage countrywide. Courtesy photo

Umeme reassures investors on Uganda business

Power utility company Umeme Limited has come out to reassure its investors about its business ongoings in Uganda. This follows media reports that the utility firm is set to exit Uganda in
November 9, 2022
Kiruddu Hospital is currently fed from Gaba-Munyonyo 11kV feeder and it has many spurs which move to different directions and any fault from any direction interrupts the entire feeder including the Hospital

Umeme: Kiruddu Hospital to get Dedicated Power Line

Power utility firm, Umeme has said that processes have been finalised to ensure that Kiruddu Hospital gets a dedicated power line. “Cable has been procured and delivered to stores, service contract awarded
November 7, 2022
1 2 3 … 8

 

Follow

error: Content is protected !!