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

A man looking up at an electric pole, with his back to the camera

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

Power substation in Uganda's Iganga town

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

Umeme Limited employees and officials from the Electricity Regulatory Authority of Uganda inspect a power station

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

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).

Umeme Limited

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's service centre in Jinja town, on Lubas Road

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

A row of steel lattice electricity pylons carrying power lines across a rural landscape during dawn.

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

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.

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

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

More Umeme Limited

4 November 2016

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.

3 October 2016

Ibrahim Index: Overall gains for Uganda, but declines in corruption and public governance

Uganda has improved in overall governance since 2006, moving up by 3.4 points. It was 19th in Africa in 2015 out of 54 nations with a score of 56.2. It's also one of 19 countries that improved in the safety and rule of law category over the last ten years.

24 September 2016

Umeme borrows $50 million to fund grid expansion

Umeme is borrowing $50 million from the the International Finance Corporation and various banks to upgrade and expand its medium voltage transmission lines and substations, and to fund the installation of more prepaid meters across the country.

5 September 2016

Umeme HY2016 profit falls to Shs54.5bn on financing costs

Umeme’s revenue grew 20.3% to Shs658.7 billion ($195.5m) in the first half of 2016 on higher power sales but net profit fell from Shs67.6bn to Shs54.5bn ($16.2m) on increased financing costs and a normalised tax rate, half-year results released today show.

23 July 2016

Executive Profile: Selestino Babungi

Babungi is the first Ugandan to head the power distribution utility. He joined Umeme in 2006 as credit control manager after six years at Ernst & Young, rose to area manager and later chief financial officer before his current post.