Uganda's Power Company Umeme at War With The Govt

Days after the parliamentary committee recommended termination of its contract over inflated claims, Uganda's main electricity company Umeme is set to raise the cost of electricity to consumers. The move portrays the latest example of confusion that has plagued the sector in the recent past.

Photo: New Vision

Umeme officer doing maintenance work.

  • Uganda:   Umeme Share Price Rise to Sh295 On Day One

    Independent (Kampala), 2 December 2012

    When Umeme, the sole power distributor in Uganda launched its trading at the Uganda Securities Exchange on Nov. 30, its share price marginally rose to Sh295 from the Sh275 of the… Read more »

  • Uganda:   Financing Energy Projects- Lessons From UMEME IPOs

    New Vision, 30 November 2012

    The just concluded Umeme Initial Public Offer and its subsequent oversubscriptions from all quarters is a clear testimony of the public's interest in the sector. My kudos to all… Read more »

  • Uganda:   UMEME Lists On Stock Exchange

    New Vision, 30 November 2012

    Ugandan investors get a second opportunity to acquire UMEME stock as the power company lists on the Uganda Securities Exchange today. The listing is expected to recharge activity… Read more »

  • Uganda:   Umeme Lists Shares Today

    Observer, 29 November 2012

    Umeme will list its shares on the Uganda Securities Exchange this morning, bringing to the market the 15th player, and adding at least $200m in market capitalization. The utility… Read more »