At the meeting that announced Inholo’s appointment, it was reported that the roofing tile maker had made a half-year loss of Shs2.4 billion. UCL went on to announce a record loss of Shs5.2 billion for 2014 and his task was clear: restructure the company and return it to profitability.
Babungi is the first Ugandan to head the power distribution utility. He joined Umeme in 2006 as credit control manager after six years at Ernst & Young, rose to area manager and later chief financial officer before his current post.
In the decade Kabushenga has been in charge of New Vision, the media group has opened six radio stations, launched two television stations, including the popular Bukedde TV, and moved into digital publishing.
Mwaura took over BATU at the tail end of a restructuring that disposed of its leaf business to focus on cigarette sales. BATU’s net profit fell by 44.8% during his first year in charge, from Shs36.7 billion in 2014 to Shs20.3 billion in 2015
Mweheire, 46, is the first Ugandan to head Stanbic Bank since 2002 when Standard Bank became majority shareholder. He joined the bank in June 2012 as head of the Corporate and Investment Banking Division.