From feet of clay to a solid footing⏤ Reuben Tumwebaze moulds a leakproof plan for Uganda Clays’ thrivingness With a new hard-nosed ExCo, more engaged staff, a new UGX100 billion in annual payload tile-making line, an expanded Kamonkoli plant, expanded clay deposits, and a better route-to-market plan, Uganda Clays’ Reuben Tumwebaze is confident about moulding a better come-back.

2022⏤ the 4th year in the 5-year 2019-2023 Corporate Strategic Plan of Uganda Clays Limited (UCL), was by all means a tough year. Not only did Uganda’s oldest and largest clay building products maker’s revenue remain flat⏤ UGX36.6 billion, versus UGX36.7 billion in 2021, but this was UGX8.4 billion or 19% below the UGX45 billion target. Due to an increase in the cost of sales by 12% to UGX 21.9 billion, from UGX 19.4 billion in 2021, profits also fell 2.5 times to UGX2.9 billion, from UGX5.9 billion the previous year. As a result, shareholders had to take home only…