Umeme Limited

Corporate earnings and resultsMarkets

Umeme reports first half loss on provision for accrued revenues

Umeme Limited, Uganda's largest power distributor, reported a loss in the first half due to impairment provisions for accrued amounts from the government
Energy, Oil & Gas

Electricity prices to fall further in third quarter

Power prices are to reduce for the second consecutive quarter due to a stronger shilling and lower fuel prices, according to a tariff schedule released by the Electricity Regulatory Authority
An electricity poll
Top 100 Taxpayers

Company profile: Umeme Limited

Umeme Limited is the main electricity distribution company in Uganda operating on a 20-year electricity concession from the Government of Uganda effective 1st March 2005
Energy, Oil & Gas

Electricity prices down 1.5% in second quarter

Umeme, the power distributor, will reduce the prices of electricity by 1.5% in the second quarter of 2017, in line with a tariff adjustment by the Electricity Regulatory Authority.
Corporate earnings and resultsEnergy, Oil & Gas

Higher finance costs and flat earnings dim Umeme’s profit

Umeme’s net profit fell 5.8% in 2016 to Shs99.7 billion, weighed down by higher financing costs and flat earnings, the power distributor said in full year results released on Monday.
Markets

Retail sale of Umeme shares from Actis exit opens; closes 6 December

A total of 37,349,155 ordinary shares of Umeme Limited were on Friday opened to retail investors on the Uganda Securities Exchange at a discounted price of Shs488 per share.
CompaniesMarkets

Trading in Umeme resumes after Actis exits stake

The suspension of trading in shares of Umeme Limited (UMEM) was lifted today at the Uganda Securities Exchange following the exit of former majority stakeholder, Umeme Holdings Limited, a subsidiary of the UK-listed private equity investor Actis.
CompaniesMarkets

USE to lift Umeme trading suspension on Wednesday

The Uganda Securities Exchange will lift the trading suspension on Umeme Limited this Wednesday, 16 November following the sale of the power utility's shares by its former majority stockholder, Umeme Holdings Limited.
Electricity pylons
CompaniesMarkets

NSSF increases Umeme stake to 23% as Actis unplugs from power distributor

The National Social Security Fund will become the majority shareholder in electricity distributor Umeme (UMEM) after agreeing to buy 121.82 million shares from Umeme Holdings Limited for Shs59.4 billion.
CompaniesMarkets

Umeme shares suspended as stockholder considers sale

The Uganda Securities Exchange on Friday approved an application by Umeme Limited to suspend trading in the power utility's shares until its largest stockholder sells off the stake it owns in the company.
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