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
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
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
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
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
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.
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.
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.
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.
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.
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.
