Umeme

Umeme is a provider of electricity retail and distribution services to the commercial, residential and industrial sectors. Read more

28 Followers on Owler
28 Followers on Owler
28 Followers on Owler
28 Followers on Owler

Umeme

Umeme is a provider of electricity retail and distribution services to the commercial, residential and industrial sectors. Read more

Selestino Babungi's photo - Managing Director of Umeme

Managing Director

Selestino Babungi

CEO Approval Rating

90/100

Founded:

2005

Status:

PrivateIndependent Company

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UMEME TOP COMPETITORS OR ALTERNATIVES

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UEDCL is seen as one of Umeme's top competitors. UEDCL was founded in 2001, and is headquartered in Kampala, Kampala District. UEDCL operates in the Multi-Utilities industry. UEDCL generates $367.5M less revenue vs. Umeme.

KIL is a top competitor of Umeme. KIL was founded in 2009, and its headquarters is in Kasese, Other. KIL competes in the Multi-Utilities industry. KIL has 1,264 fewer employees than Umeme.

UETCL is Umeme's #3 rival. UETCL was founded in Kampala, Other} in 2001. UETCL is in the Multi-Utilities field. Compared to Umeme, UETCL generates $375.5M less revenue.

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Growth Score - 1/1

Is $399.5M a good estimate for Umeme's revenue?

Umeme Acquisitions

No recent acquisitions found related to Umeme

Umeme Funding History

Since Umeme was founded in 2005, it has participated in 2 rounds of funding. In total Umeme has raised $260.0M. Umeme's last funding round was on Dec 2019 for a total of $70.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt
Dec 2019
$70M

International Finance Corporation

Equity
Nov 2013
$190M
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Since Umeme was founded in 2005, it has participated in 2 rounds of funding. In total Umeme has raised $260.0M. Umeme's last funding round was on Dec 2019 for a total of $70.0M

Umeme Investments

No recent investments found related to Umeme

Umeme News

February 4, 2021ESI Africa

Over 1 million prepaid meters for Umeme

Uganda's main electricity distribution company Umeme, like so many others across the continent, has f... See more »
September 11, 2020African Review

Uganda's Umeme invests US$15.2mn in Mbale city electricity network

Umeme Limited, Uganda's power distribution company, has invested US$15.2mn into two major power suppl... See more »
August 23, 2020Energy Mix Report

Umeme to use $9m for electricity disposal from Siti 2's hydropower plant in Uganda

The Ugandan company Umeme will invest 34 billion Ugandan shillings ($9.29 million) for the discharge ... See more »
August 13, 2020Energy Mix Report

Umeme earmarks $15.2m for two power projects in Mbale district, Uganda

Uganda's power distribution company, Umeme, is investing $15.2 million into two major power projects ... See more »
August 1, 2020Energy Mix Report

Uganda's Umeme proposes modification of national electricity connection policy

In Uganda, Umeme is proposing a modification of the electricity connection policy in order to allow p... See more »
July 21, 2020Power Transformer News

Umeme to replace 182 transformers | Power Transformer News

Ugandan power distributor Umeme has pledged to spend $1.8 million on replacing 182 power transformers... See more »
July 10, 2020ESI Africa

Umeme raising the stakes unveils 83.3m energy policy delivery plan

Meeting the Electricity Connections Policy 2018-2027 head-on, Umeme outlines the six areas it will in... See more »

Umeme Press Releases

Umeme Videos

Social Media

Umeme Headquarters

PO Box 23841

Kampala, Kampala District

256312360600

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Umeme Summary

ABOUT

Overview

Umeme is a provider of electricity retail and distribution services to the commercial, residential and industrial sectors. Umeme was founded in 2005. Umeme's headquarters is located in Kampala, Kampala District, UG . It has raised 260.0M in 2 rounds. ...

CEO

Umeme's Managing Director, Selestino Babungi, currently has an approval rating of 90%. Umeme's primary competitors are UEDCL, KIL & UETCL.

Website

umeme.co.ug

Frequently Asked Questions about Umeme

  1. When was Umeme founded?

    Umeme was founded in 2005
  2. Who is Umeme's CEO?

    Umeme's CEO is Selestino Babungi
  3. How much revenue does Umeme generate?

    Umeme generates $399.5M in revenue
  4. How much funding does Umeme have?

    Umeme has historically raised $260M in funding
  1. Where is Umeme's headquarters?

    Umeme's headquarters is in Kampala Kampala District, UG
  2. How many employees does Umeme have?

    Umeme has 1,514 employees
  3. Who are Umeme's competitors?

    Umeme's top competitors are UEDCL, KIL, UETCL