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    UMEME

    Gov’t turns to Absa Bank for UGX 183 billion loan to fund UEDCL’s takeover from Umeme

    Paul MurungiBanking & InsuranceFinanceNews & AnalysisThe Big StoryMarch 19, 2025March 19, 2025

    Government, through Ministry of Finance is seeking about $ 50 million (UGX 183 billion) from Absa Bank as capital investment into the Uganda Electricity Distribution Company Limited (UEDCL) to fully…

    Meet the influential women advancing Uganda’s energy industry 

    Paul MurungiIndustry & AnalysisThe Big StoryWomen In LeadershipMarch 8, 2025March 17, 2025

    Across the globe, countries are pushing towards energy transition and sustainable energy production.  Uganda has not been exceptional and a lot has been achieved but the country continues to push…

    What does the UGX700 billion buyout mean for Umeme shareholders?  

    Paul MurungiEast AfricaFinanceThe Big StoryFebruary 24, 2025February 25, 2025

    Now that we know we have an idea of the Umeme buyout amount, what could be in it for shareholders?  Umeme has since last year been one of the most…

    ANALYSIS: How will Uganda’s energy sector fare after Umeme’s exit? 

    Paul MurungiThe Big StoryDecember 31, 2024February 27, 2025

    The handover of Umeme licenses for the sale and distribution of electricity to Uganda Electricity Distribution Company Limited (UEDCL) has put the country’s energy sector into sharp focus, especially with…

    dfcu Bank’s No-Cost Utility Bill Payment Promotion–What Customers Need To Know

    Paul MurungiThe Big StoryOctober 9, 2024October 9, 2024

    In this interview, we learn about dfcu Bank’s latest promotion that allows customers to pay their utility bills at no cost. Dubbed ‘Rates Paka Chini’,  this initiative aims to ease…

    At 25, MTN is pioneering innovation and transforming Uganda’s Fintech landscape

    CEO ReporterFinanceICTThought LeadershipNovember 23, 2023November 23, 2023

    By Richard Yego Over the past 25 years, MTN has played an instrumental role in shaping Uganda’s telecommunications and digital economy, marking a journey characterized by innovation and transformation. Our…

    Umeme exit buyout to cost USD215 mn as MPs urge gov’t to act in haste to ensure there are no gaps after Umeme exit

    Muhereza KyamuteteraIndustry & AnalysisThe Big StoryApril 12, 2023April 12, 2023

    The government of Uganda will have to part with USD215 million to acquire majority shares of power distributor, Umeme, when the power distributor’s 20-year contract comes to a close in…

    ICPAU Readies to Hold 27th Annual Accountants’ Conference

    CEO ReporterNews & AnalysisAugust 23, 2022August 23, 2022

    The Institute of Certified Public Accountants of Uganda (ICPAU) will hold the 27th Annual Seminar of accountants from 31 August to 2 September 2022 at the Imperial Resort Beach Hotel,…

    UGX1 billion or 15 year jail term for vandalism of electricity infrastructure

    CEO ReporterNews & AnalysisApril 15, 2022April 15, 2022

    A UGX1 billion fine or a 15 years jail term awaits anyone who is found guilty of vandalizing electricity infrastructure following the passing of the Electricity (Amendment) Bill, 2022. Members…

    16 years of investment and service, big electricity users, applaud Umeme for improved reliability- but like Oliver Twist, they want more, for less

    Muhereza KyamuteteraIndustry & AnalysisNews & AnalysisThe Big StoryNovember 22, 2021November 22, 2021

    Roofings Group―the Strength of a Nation, as they love to call themselves, is Uganda’s largest steel and construction products maker and certainly one of the largest in East and Central…

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