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Who Is Jones Muhumuza, the Interim CEO Tasked with Steadying Uganda Clays? Uganda Clays’ Board has turned to long-serving finance chief Jones Muhumuza as Acting Managing Director, signalling a shift toward capital discipline, debt control, and accountability for returns on heavy investment.

The appointment of Jones Muhumuza as Acting Managing Director of Uganda Clays Limited marks a decisive shift in emphasis at one of Uganda’s oldest industrial companies. Coming at a time of sustained losses, rising finance costs, and heightened board scrutiny, Muhumuza’s elevation signals a clear pivot toward capital conservation, financial discipline, and return-on-investment accountability. Unlike his predecessor, Muhumuza is not a turnaround outsider parachuted in at a moment of crisis. He is a long-serving insider who has been embedded in Uganda Clays’ financial engine for nearly six years, having joined the company in March 2020 as Acting Head of Finance—a…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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