Uganda's Umeme dividend up 18pc as earnings increase

Uganda’s largest energy distributor Umeme Limited has raised its dividend for the year ended December 2022 by 18.6 percent to Ush63.87 ($0.017) per share at current exchange rates after growing its net profit by six percent to Ush148 billion ($39 million).

The company, which is cross-listed on the Nairobi Securities Exchange in Kenya, had paid a dividend equivalent to Ush53.85 ($0.014) the year before.