By Mark Muhumuza
It is now official that the Governing Council of the Uganda Securities Exchange (USE) will not renew the contract of Joseph Kitamirike, the bourse’s CEO, for another 3 year term. Kitamirike joined the USE in August 2010, after stepping down as CEO of National Housing and Construction Company (NHCC), a position he held for close to six years. At NHCC, he is famed for having restructured the company from a loss making business to a profitable one, growing its balance sheet to US$36m and leaving behind projects in the pipeline, worth over US$250m.
In fact, when he left for the USE, it was a surprise, to many. But not himself; he defended his decision. “There also comes a time in every ones’ life that change is needed and I have been allowed the privilege to be a part of the securities exchange,
