Umeme

Umeme
Company typePublic Utility: USE: UMEME
IndustryEnergy industry
Founded2004; 20 years ago (2004)
HeadquartersRwenzori House
1 Lumumba Avenue
Kampala, Uganda
Key people
Patrick Bitature
chairman
Selestino Babungi
chief executive officer[1]
ServicesElectricity
RevenueIncreaseAftertax: UGX:11.47 billion (US$3.026 million) (2023)[2]
Total assetsUGX:2.347 trillion (US$619.18 million) (2023)[2]
Number of employees
2,502 (2024)[3]
WebsiteHomepage

Umeme Limited is the largest energy distributor in Uganda, distributing about 97 percent of all electricity used in the country.[4] The shares of the stock of the company are listed on the Uganda Securities Exchange (USE) and are cross listed on the Nairobi Stock Exchange (NSE).[5] As of December 2023, the company's total assets were approximately UGX:2.347 trillion (US$619.18 million), with shareholders' equity of approximately UGX:937.381 billion (US$247.27 million).[2]

  1. ^ Ismail Musa Ladu (16 March 2015). "Umeme gets new chief executive officer". Daily Monitor. Kampala. Retrieved 1 June 2018.
  2. ^ a b c Umeme Limited (22 March 2024). "Annual Report And Audited Financial Statements For The Year Ended 31 December 2023" (PDF). Umeme Limited. Kampala, Uganda. Retrieved 29 April 2024.
  3. ^ Victoria Bagaaya (21 July 2024). "Uganda: Legislators Put UEDCL to Task Ahead Over Umeme Takeover" (via AllAfrica.com). Nile Post Uganda. Kampala, Uganda. Retrieved 26 July 2024.
  4. ^ Nelson Wesonga (28 March 2016). "Poor power network worries electricity company". Daily Monitor. Kampala, Uganda. Retrieved 28 March 2016.
  5. ^ David Mugwe (1 August 2013). "Umeme makes first trade at NSE, electronic share transfer goes live". The EastAfrican. Nairobi, Kenya. Retrieved 6 May 2014.