Umeme Shakes off Challenging Year to Deliver Good Performance
Umeme Managing Director Mr Selestino Babungi speaks to media during the annual results press briefing
Leading power distributor Umeme navigated a challenging year to register profit for its shareholders amidst a tough COVID-19 operating environment and the regulatory lag in recovery of outstanding income.
Although the profits declined, the giant utility managed to complete its capital investment programme of $75m (about UGX279b) to improve the network distribution capacity, supply reliability a
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