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End of free money? Umeme’s record Ushs 47.5 billion loss

by Muhereza Kyamutetera 0
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By Jeff Winters If there was anything meant to surprise shareholders, it was going to be the half-year financial statement of the quasi-monopoly power distributor, Umeme. The distributor revealed that in the first half of 2017, it incurred losses of Ushs 47.5 billion, the highest half-year loss it has incurred ever since it went public in 2012. The loss comes as a surprise because the power dis

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.

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