The Big Story

Umeme profits drop against weak economy

by Silvia Nyambura 0
Umeme Chairman Patrick Bitature (c) addresses journalists after the company's AGM. He is flanked by Umeme Managing Director Selestino Babungi (R) and the company's deputy Managing Director Sam Zimbe (L)
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By Silvia Nyambura Power utility company Umeme recorded a sluggish demand for electricity at 4.4% in 2016 compared to 8% in 2015. It also registered a drop in profits from Ushs 106 billion to Ushs 100 billion in the period under review. This was attributed to the uncertainty that came with the 2016 presidential elections and the high commercial rates. Speaking at the company’s Annual Gener

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About the Author

Nyambura is a senior journalist based in Kampala

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