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Umeme braves tough 2020, invests UGX279bn, connects more customers and posts UGX43.1 bn net profit
An employee of Umeme carries out a pole connection for a customer. Courtesy photo
Despite a tough 2020, characterised, by among others, a Covid-19-induced slowdown in power consumption as well as the government suspension of the free Electricity Connection Programme (ECP), Umeme has announced it still managed to connect more customers as well as return a moderate return for its shareholders- albeit lower than 2019.
In results announced yesterday, Umeme announced that total c
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