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Umeme
Umeme Limited was the largest energy distributor in Uganda, distributing about 97 percent of all electricity used in the country. 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). 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). Location The registered offices of the company are located at Rwenzori House, 1 Lugogo Avenue, in the central business district of Kampala, the capital and largest city of Uganda. Formation Umeme was formed in 2004 when the government of Uganda leased the Uganda Electricity Distribution Company Limited to a consortium belonging to Globeleq (56 percent), a subsidiary of the Commonwealth Development Corporation of the United Kingdom, and Eskom of South Africa (44 percent). The transfer of assets did not take place un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Selestino Babungi
Selestino Babungi is an accountant and corporate executive in Uganda, the third-largest economy in the East African Community. He is the managing director and chief executive officer of Umeme, whose shares are traded on both the Uganda Securities Exchange and the Nairobi Stock Exchange, and is the largest independent power distribution company in Uganda. He was appointed in March 2015, and he assumed his current position on 1 April 2015, replacing Charles Chapman, whose term ended. Background and education He was born in Uganda circa 1977. He studied at Makerere University, Uganda's oldest and largest public university, graduating with the degree of Bachelor of Statistics, circa 1999. He is a Fellow of the Association of Chartered Certified Accountants of the United Kingdom. He is also a certified public accountant of the Certified Public Accountants of Uganda(CPA). Career From 1999 until 2006, he worked with Ernst & Young at its Kampala office. He joined Umeme in 2006 and ser ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Patrick Bitature
Patrick Bitature is a Ugandan businessman, entrepreneur and author. He was the second wealthiest Ugandan after Sudhir Ruparelia. Patrick is the founder, chairman and Group CEO of the Simba Group of Companies which is primarily based in East Africa. The Simba Group of Companies started in 1998 with the flagship telecom business but has since grown to a conglomerate of East Africa-based companies spanning telecoms, properties, power generation, agro-business, mining, tourism and media. At the end of 2011, the group employed over 600 direct staff and 1,500 indirect staff. He sits on the management boards of various companies, businesses and foundations in Uganda. Most notable among these appointments include Umeme Uganda Limited, Bolloré Logistics Uganda as well as Mulago National Referral Hospital. In November 2022, he was named entrepreneur of the year at the African tourism leadership forum in Botswana, Gaborone. Early life Bitature was born 10 May 1960 in Fort Portal, Kaba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Uganda Securities Exchange
The Uganda Securities Exchange (USE) is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's central bank. The exchange opened to trading in January 1998. At that time, the exchange had just one listing, a bond issued by the East African Development Bank. Trading was limited to only a handful of trades per week. As of July 2014, the USE traded 16 listed local and East African companies and had started the trading of fixed income instruments. The exchange is a member of the African Stock Exchanges Association. The USE operates in close association with the Dar es Salaam Stock Exchange in Tanzania, the Rwanda Stock Exchange, and the Nairobi Stock Exchange in Kenya. According to published reports in 2013, there were plans to integrate the four exchanges to form a single East African bourse. Uganda All Stock Index (ALSIUG) is t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Uganda
Uganda, officially the Republic of Uganda, is a landlocked country in East Africa. It is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the south by Tanzania. The southern part includes a substantial portion of Lake Victoria, shared with Kenya and Tanzania. Uganda is in the African Great Lakes region, lies within the Nile basin, and has a varied equatorial climate. , it has a population of 49.3 million, of whom 8.5 million live in the capital and largest city, Kampala. Uganda is named after the Buganda, Buganda kingdom, which encompasses a large portion of the south, including Kampala, and whose language Luganda is widely spoken; the official language is English. The region was populated by various ethnic groups, before Bantu and Nilotic groups arrived around 3,000 years ago. These groups established influential kingdoms such as the Empire of Kitara. The arrival of Arab trade ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Social Security Fund (Uganda)
The National Social Security Fund (NSSF) (also NSSF Uganda), is a quasi-government agency responsible for the collection, safekeeping, responsible investment, and distribution of retirement funds from employees of the private sector in Uganda who are not covered by the Government Retirement Scheme. Participation for both employers and employees is compulsory. The Uganda National Social Security Fund is the largest pension fund in the countries of the East African Community, with total assets of USh18.58 trillion (approx. US$4.981 billion), as of June 2023. History In February 2009, the President of Uganda fired the minister of finance, whose ministry supervises the activities of NSSF. Also terminated were the managing director of the NSSF. A new board of directors and a new management team were appointed in 2009. In late 2010, NSSF underwent a restructuring process aimed at making it more efficient, competitive, and responsive to the needs of its members. It was then poised to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation. In December 2024, Reuters was ranked as the 27th most visited news site in the world, with over 105 million monthly readers. History 19th century Paul Julius Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hut In Garden Besides High Voltage Center
A hut is a small dwelling, which may be constructed of various local materials. Huts are a type of vernacular architecture because they are built of readily available materials such as wood, snow, stone, grass, palm leaves, branches, clay, hides, fabric, or mud using techniques passed down through the generations. The construction of a hut is generally less complex than that of a house (durable, well-built dwelling) but more so than that of a shelter (place of refuge or safety) such as a tent and is used as temporary or seasonal shelter or as a permanent dwelling in some indigenous societies.Oxford English Dictionary Second Edition on CD-ROM (v. 4.0) © Oxford University Press 2009 Huts exist in practically all nomadic cultures. Some huts are transportable and can stand most conditions of weather. Word The term is often employed by people who consider non-western style homes in tropical and sub-tropical areas to be crude or primitive, but often the designs are based on trad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Utility
A public utility company (usually just utility) is an organization that maintains the infrastructure for a public service (often also providing a service using that infrastructure). Public utilities are subject to forms of public control and regulation ranging from local community-based groups to statewide government monopolies. Public utilities are meant to supply goods and services that are considered essential; water, gas, electricity, telephone, waste disposal, and other communication systems represent much of the public utility market. The transmission lines used in the transportation of electricity, or natural gas pipelines, have natural monopoly characteristics. A monopoly can occur when it finds the best way to minimize its costs through economies of scale to the point where other companies cannot compete with it. For example, if many companies are already offering electricity, the additional installation of a power plant will only disadvantage the consumer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Daily Africa
''Business Daily Africa'', commonly known as ''Business Daily'', is an English-language daily business newspaper published in Kenya. The newspaper is published by Nation Media Group from its headquarters at Nation Centre on Kimathi Street in Nairobi, Kenya Kenya, officially the Republic of Kenya, is a country located in East Africa. With an estimated population of more than 52.4 million as of mid-2024, Kenya is the 27th-most-populous country in the world and the 7th most populous in Africa. .... See also References External linksBusiness Daily Website Newspapers published in Kenya Nation Media Group Mass media in Nairobi {{Africa-newspaper-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Vision
The ''New Vision'' is a Ugandan English-language daily newspaper. It was established in its current form in 1986 by the Government of Uganda. It is the flagship newspaper of the state-owned Vision Group, a multimedia conglomerate. Along with its privately-owned competitor, the ''Daily Monitor'', the ''New Vision'' is one of the two largest national newspapers in Uganda. History The ''New Vision'' traces its origins to the colonial era. Its institutional predecessor, the ''Uganda Argus'', was founded in 1955 as a British colonial government publication. Following Uganda's independence in 1962, the government of President Milton Obote retained the ''Uganda Argus'' as its official paper. After the 1971 coup, the government of Idi Amin renamed the paper the ''Voice of Uganda''. When Amin was overthrown in 1979, the succeeding government named it the ''Uganda Times''. When the National Resistance Movement (NRM) came to power in 1986, the publication was rebranded as the ''New ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
