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Originally published by The Kenyan Wall Streetbusiness
September 24, 2025
3h ago
Umeme Shares Crash 71% From July Dividend Peak, USE Listing Holds Flat
Umeme shares have crashed 71% to KSh 6.94 from July’s dividend peak, the year’s worst drop, while its USE price is flat at UGX 405...
✨ Key Highlights
Shares of Umeme Limited, Uganda’s former power distributor, have plummeted by 71% on the Nairobi Securities Exchange (NSE) since July 8, closing at KSh 6.94 on September 23. This makes it the worst performer on the NSE this year, driven by a post-dividend sell-off and uncertainty surrounding its expired concession.
- Umeme’s shares crashed from a peak of KSh 23.70 on July 8 to KSh 6.94 on September 23.
- The company reported a UGX 166.7 billion loss for the first half of 2025 and is engaged in a USD 410 million buy-out dispute with the Ugandan government.
- Shares on the Uganda Securities Exchange (USE) have remained stable, closing at UGX 405 on September 23, in stark contrast to the NSE’s valuation.
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