Electricity exports grow by 57 percent

Electricity exports have experienced a remarkable growth of 43 percent over the last five years, with cumulative earnings growing to $184.7m (Shs655b) over the period.

Bank of Uganda indicates that Uganda had in the period under review exported 1.95 million megawatts per hour of electricity, returning a 43 percent increase in earnings from $21m (Shs75.6b) in June 2020 to $48.8m (Shs175b)  in June 2024.  

The growth in exports has been consistent in the last five years, increasing from $21m (Shs75.6b) in June 2020 to $30.8m (Shs110b) in June 2021 and to $40m (Shs144b) in June…