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Uganda: Climate change shakes investors’ confidence in country's largest Electricity Company

In Uganda, changing weather conditions such as gale-force winds and heavy rainfall are causing an increase in power outages in certain parts of the country.

Speaking at a stakeholders' Annual General Meeting (AGM) last week, Umeme's Board of Directors' Chairman, Patrick Bitature, expressed concern that the national electricity grid could not handle increasingly stronger storms caused by climate change.

To this end, the climate change challenge has raised concerns from shareholders as this has resulted in increased power outages in certain parts of the country, the Independent reported.

"The environment we are living in today has changed considerably and we have taken cognisance of that. The winds we have are much stronger today in Kampala, we are not used to these gale-force winds and heavy rains," Bitature explained.

Tom Taker

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