Umeme Limited

Energy, Oil & Gas

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 Limited employees and officials from the Electricity Regulatory Authority of Uganda inspect a power station.
CompaniesCorporate earnings and resultsEnergy, Oil & GasMarkets

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
Electricity infrastructure in Pemba, Tanzania. In May 2010, a submarine cable brought electricity from Tanga to Pemba (and on to the mainland). The cable was buried in the picturesque surroundings of Mkumbuu; three metres into the ground before rising to a mast about 120 metres from the water's edge. The cable continues to the Wesha substation, where "feeders" distribute the power to the island's grid. Norway paid NOK 475 million (out of a total cost of NOK 575 million). Norway also provided technical assistance to the project. The cable is now operated and maintained by the Zanzibar Electricity Corporation (ZECO).
CompaniesEnergy, Oil & GasMarkets

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
Umeme's service centre in Jinja town, on Lubas Road
Energy, Oil & Gas

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
CompaniesMovers & Shakers

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
Florence Nansubuga, left, at an Umeme event in May 2018. Ms Nansubuga, who has been Umeme's chief operations officer since 2012, and a board member since March 2015, told the company's board on 16 November that she is leaving for another job in the energy/electricity sector. She previously worked for the Uganda Electricity Distribution Company, Umeme's predecessor, on behalf of which it holds the electricity distribution concession. Umeme's concession to operate the country's electricity distribution system expires in March 2025 and will not be renewed, with the government preferring a state-owned utility to take over.
Energy, Oil & Gas

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 2023
Electricity plugs on a wall, and phone chargers, in an interior setting
Companies

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 Limited's service centre in Jinja
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
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