Umeme Limited
Umeme Limited: Post AGM notice
Umeme Limited hereby informs its shareholders and the general public that, at the company's annual general meeting, held as a hybrid meeting on 18 July 2025, the shareholders passed the following resolutions
UEDCL losses top Shs10bn as higher costs offset revenue boost
Uganda Electricity Distribution Company, the state-owned power utility, posted yet another full-year loss in the year to June 2024
What’s at stake as Uganda’s electricity distribution changes hands?
The transfer of electricity distribution assets back to the state-owned Uganda Electricity Distribution Company, following the departure of Umeme, has sparked a dispute centring on a $235mn compensation claim by Umeme
Regulator raises Umeme electricity tariffs
The electricity sector regulator said it had increased domestic tariffs for electricity supplied by Umeme Limited by 2.7 per cent in the second quarter, and overall tariffs by an average of 2.5 per cent
Umeme writes off Sh432.9bn as end of service concession nears
Umeme wrote down Shs432.9bn in assets, an increase of Shs272.9bn from the previous year, to reflect the shorter remaining life of its power distribution concession, resulting in a sharp fall in profits
Umeme issues profit warning, blames assets writedown
Accounting charge relates to the writedown of the utility's non-current intangible assets over the shorter of the remaining term of its distribution concession or their useful life
Electricity prices drop by 1.6%
Electricity tariffs to be charged by Umeme for the first three months of the year reduce by an average of 1.6 per cent
Umeme COO to leave company
Umeme's chief operating officer and executive director to step down from both roles after 11 years with the company
Electricity tariffs remain unchanged for the 4th quarter
The appreciation of the Ugandan shilling against the US dollar offset increases in core consumer prices and global crude oil prices, resulting in no adjustment to electricity tariffs in Q4 2023More Umeme Limited
Umeme’s revenues rebound, profit takes a hit from write-off
The company announced a dividend of Shs24 per share to be paid by 29 February 2024
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
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
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
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
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
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
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
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
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