Umeme Limited

CompaniesCorporate earnings and resultsEnergy, Oil & GasMarkets

Umeme returns to revenue and profits growth

Umeme Limited pointed to an increase in electricity sales and customer connections as the power distributor returned to year on year revenue and profits growth in 2021
Electricity Transformers
Energy, Oil & Gas

This is why merging Uganda’s electricity agencies is a bad idea

The public service ministry recommends merging three separate companies charged with electricity generation, transmission and distribution into one state owned company. A fourth, the Rural Electrification Agency, would be placed directly under the energy ministry
Electricity pylons
CompaniesCorporate earnings and resultsMarkets

Umeme profits slide on suspension of free connections

Power distributor Umeme Limited on Tuesday blamed a "challenging operating and regulatory environment" for the sharp fall in 2020 profits
Electricity pylons
CompaniesCorporate earnings and resultsEnergy, Oil & GasMarkets

Umeme posts record revenue growth in 2019

Umeme Limited said on Monday that revised tariff performance parameters negotiated with the regulator helped soften the impact of weak performances in the second and third quarters of 2019, with the company's results boosted further by reining in costs
Umeme Limited's service centre in Jinja
DataEnergy, Oil & Gas

Slight drop in Q2 2019 electricity prices

Domestic consumers will pay about Shs9 less for each each unit of electricity supplied by Umeme Limited in the second quarter of 2019 compared to the first three months of the year
Electricity pylons
CompaniesEnergy, Oil & Gas

Umeme revenues flat but books Shs132bn profit as it returns to ‘normal’ curve

Uganda's power distributor Umeme bounced back from a regulatory clause that suppressed earnings in the previous year to post a net profit of Shs132 billion for the full financial year ended December 31, 2018, the firm has reported in its latest earnings report
Markets

International investment funds biggest winners in Umeme dividend payments

International investment funds – with the exception of the National Social Security Fund - will be the biggest earners from the Umeme Ltd dividend payout
EconomyEnergy, Oil & Gas

Power prices for second quarter of 2018 fall slightly

Electricity tariffs to be charged by Umeme from April to June will reduce slightly following favourable changes in the dispatch of generation plants
An electricity poll
CompaniesCorporate earnings and resultsEnergy, Oil & GasMarkets

Shocks ahead for Uganda electricity users as rule change jolts Umeme 2017 profit

Uganda’s largest electricity distributor Umeme saw a 32% drop in earnings before interest, taxes, depreciation and amortization in 2017 after a change in its license clawed away revenues previously earned from excess power sold, its full-year results show
Energy, Oil & Gas

Slight reduction in Q4 power tariffs

Electricity consumers will pay less for power in the last three months of 2017, according to a tariff schedule released by the regulator
Electricity pylons
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