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 Bitature and Selestino Babungi respectively, despite the challenging macroeconomic environment, the electricity sector was resilient and posted a 9% increase in energy demand, due to the opening of the economy since January 2022. “The economy was on course for a strong rebound at the start of the year, helped by higher domestic demand amidst the easing of pandemic-curbing restrictions,” they said. “However, the challenging global environment in the wake of…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
A 30-year-old mother in Kabalagala sustained electric shocks and burns when she came into contact with an energised metallic wash line. She was pronounced dead on arrival at a hospital. In Jinja, a 15-year-old girl was electrocuted whilst hanging clothes on a metallic wash line that was energised by a live jointed cable attached to a metallic roof. These are some of many incidents of lives lost in slum areas as a result of coming into contact with energised metallic wash lines. This is usually as a result of hooking power or power theft by individuals who put lives of…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Umeme has earmarked US$3 million (UGX11 billion) for power reliability projects in Lugazi, Jinja, Iganga and Kamuli districts. It will replace rotten poles and string cables on the Lugazi Town, Jinja–Kamuli and the Iganga–Kibimba power distribution lines. The company says it is prioritising such projects across Uganda to catalyse economic growth. “We are injecting in US$3 million (UGX11 billion) to address the power supply challenges of the line from Jinja, all the way to Kamuli and solve power supply challenges from Iganga to Busitema,” Selestino Babungi, the managing director, said during an engagement between Umeme and security and political leaders…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
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 brought on board by the company in March 2022. This brings the total head count of Umeme to 2137 directly employed and 788 contractors, making Umeme the largest employer of electrical engineers and technicians amongst others in the energy sector. Umeme’s Managing Director, Selestino Babungi says Umeme has been deliberate and focused on building local capacity to run the electricity sector by providing employment opportunities to Ugandans, especially…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
MTN Uganda Limited has announced the re-appointment of PricewaterhouseCoopers (PwC) Certified Public Accountants as the external auditor of the Company for the audit relating to the financial year ending 31 December 2022. The multinational professional services network of firms, which ranks the second-largest professional services network in the world has also been appointed by Stanbic Uganda Holdings Limited as their External Auditors of the Company for the year 2022. Enid Edroma, MTN Uganda, Company Secretary said that the re-appointment of PwC was reached at during the annual general meeting of the held on Friday 27 May 2022 at the Company’s…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
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. The theft, according to experts in the region now stands at 72% followed by East and Northern Uganda. Briefing security experts in Mbarara on the emerging worrying trend in the sector, Umeme’s Managing Director Selestino Babungi said in 2021 alone, the sector lost over UGX26 billion in stolen copper wires, vandalised transformers and poles amongst others. “I am requesting for your support, the security apparatus, which you have actually always…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
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 same period in 2020. “Of the 125,000 connected customers, 53,000 were self-funded and the remaining 72,000 through the Government subsidised programme Electricity Connections Policy (ECP). However, we still have challenges financing the Electricity Connections Policy. We have about 217,000 pending connection applications, requiring a funding of UGX224 billion,” Selestino Babungi, Umeme’s Managing Director, told Reporters at the Utility’s end-of-year press briefing. He disclosed that the Company was completing capital investment…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
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 opening of the Busia Service Centre earlier this week said Umeme’s performance over years was glowing and the locals should be part of the success by buying shares since the Company is listed on the Uganda Securities Exchange. He commended the utility for bringing their services closer to the community. “People in Busia are grateful that Umeme is now responding to their issues. This new Service Centre will address most…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Susan Nanyange Mataka, formerly with power utility Umeme Limited, has joined Kakira Sugar Works Limited as Head of Human Resource. She is an experienced Human Resource Leader skilled in strategy and leadership through uncertainty, HR policies, Job Evaluation, Performance management, and learning and development. A mentor of Girls for Girls project, passionate for growing young ladies to be the best versions of themselves. At Umeme, Susan was Human Resources Business Partner, a position she has held since April 2017. She previously worked as HR Service Delivery Manager from June 2014 to March 2017. Before that, she was Senior HR Manager…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
The Jinja City Resident City Commissioner Musoke Kyeyune has sent an alarm and called security agencies to act swiftly against vandals who are disrupting economic activity through vandalism of electricity infrastructure which is hampering investment. While addressing security officers in the region on November 5, 2021, Kyeyune said the vice was causing a major shock to business and scaring away potential investors from Jinja and surrounding areas since power theft causes reliability issues. “Jinja City, Jinja District and Njeru Municipality are home to the biggest number of industries in the country but the region has been hit hardest by anti-development…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!