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If there are any Ugandan CEOs in the hot seat, then it is Uganda Airlines’ Jennifer Bamuturaki and Uganda Electricity Distribution Limited’s Paul Mwesigwa. They run two strategic state enterprises, and both are under intense pressure at exactly the moment when politics, performance, and public frustration are converging. Some of the problems they face are inherited. Others stem from decisions made on their watch. But in state enterprises, where accountability is often as political as it is managerial, leaders can be sacrificed, sometimes not because they caused the crisis, but because they are the most visible symbol of it. A…
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When UMEME’s concession ended in March last year, the market assumed finality. Power lines would keep running, but value, many believed, had gone with the concession. The share price, according to an analysis from Crested Capital, at UGX142, told that story clearly of a company at the end of its road. But then came an arbitration, which perse, is not an epilogue, but opened a second chapter. In June last year, Umeme escalated a $292m compensation claim against the government of Uganda in a London arbitration. Weeks of talks had failed to end the stalemate over compensation for unrecovered assets…
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Government, through Ministry of Finance is seeking about $ 50 million (UGX 183 billion) from Absa Bank as capital investment into the Uganda Electricity Distribution Company Limited (UEDCL) to fully take up power distribution operations from Umeme by April 1, 2025. Paul Mwesigwa, the UEDCL Managing Director confirmed the details of securing funds from Absa Bank which will cover a year of operations. The Ministry of Energy and Minerals Development on Wednesday dismissed fears that its transmission agency would not be able to take over operations from Umeme in time due to unavailability of the said funds that were recently…
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Congratulations upon making 20 years. What would you say are the key highlights, achievements and or milestones, for ERA and generally the Electricity Supply Industry (ESI) in these 20 years? ERA’s achievements can best be understood within the context of our mandate and vision. Our Vision is to be a recognized regulator in the promotion of sustainable electricity supply for socio-economic transformation. This, in brief means, having sufficient, affordable, quality, and reliable generation, transmission and distribution of electricity to Ugandan entities- household, businesses, institutions etc., wherever they are, that meets current and future demand. It also means ensuring that all…
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Uganda has for the third time in a row emerged as the top performer in this year’s Electricity Regulatory Index (ERI) Report published by the African Development Bank. Uganda, along with Namibia, Tanzania, Zambia and Kenya, the other top performers, have regulators with the authority to exert the necessary oversight on the sector. However, the overall electricity regulatory frameworks of African countries is poorly developed, and most countries experience major regulatory weaknesses. The ERI, a flagship report of the African Development Bank, is a composite index which measures the level of development of electricity sector regulatory frameworks in African countries…
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