Umeme Limited Reports Earnings Results for the Full Year Ended December 31, 2022

Umeme Limited is a Uganda-based electricity distribution company. The Company's business activities include electricity distribution, electricity supply, and service after sales. Electricity distribution entails operation, maintenance, and upgrading of the electricity distribution network not exceeding 33 kilovolts (KV) within the authorized territory in Uganda. Electricity supply and service after sales entails connection with new customers, meter reading, billing customers, revenue collection, addressing customer queries, restoration of power interruptions, general customer care, customer sensitization on energy efficiency and marketing available power to customers. Yaka is its pre-paid metering system. The Company has seven completed projects in Uganda. The Company's customers are categorized into domestic households, commercial enterprises, street lighting and industrial consumers. The Company's operations are restricted to the distribution of electricity to consumers in Uganda.