Challenges of Currency Volatility: UETCL Records a 75 Billion Shilling Profit Drop in 2021/22

The electricity transmission company has registered a drop in profitability by about 75 billion shillings in the 2021 /22 financial year compared to the 2020/21 financial year. In the annual general meeting held in Kampala, UETCL management raised the concern of the adverse effects of a free-falling shilling over the dollar. A widely used currency in its transactions.