Umeme Limited (UMME.ke) 2018 Annual Report

We have extracted below the Chairman’s Statement from the 2018 annual report of Umeme Limited (UMME.ke), listed on the Nairobi Securities Exchange:

To our Shareholders,

It is my pleasure to communicate to you our performance results for the year ended 31 December 2018 and provide guidance on our strategic imperatives for the future of Umeme. As we celebrate the 14 years of our existence, I am proud of what the Company has been able to achieve in transforming the electricity distribution sector in Uganda. Umeme and the Uganda electricity supply industry are models of reference for financial sustainability and operational efficiency, while attracting private capital.

Over the period, as guided by the Uganda Government Energy Policy and National Development Plans, Umeme has played a critical role in the transformation of the electricity supply industry. Some of the achievements recorded include:

  • Doubling the size of the distribution network to 33,146 Km of distribution lines and over 12, 523 distribution transformers at the end of 2018. In addition the the electricity distribution network is more safe, reliable and efficient.
  • Customers connected to the grid have increased