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If there are any Ugandan CEOs in the hot seat, then it is Uganda Airlines’ Jennifer Bamuturaki and Uganda Electricity Distribution Limited’s Paul Mwesigwa. They run two strategic state enterprises, and both are under intense pressure at exactly the moment when politics, performance, and public frustration are converging. Some of the problems they face are inherited. Others stem from decisions made on their watch. But in state enterprises, where accountability is often as political as it is managerial, leaders can be sacrificed, sometimes not because they caused the crisis, but because they are the most visible symbol of it. A…
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The Uganda Electricity Transmission Company (UETCL) has been ranked as the most profitable public company with a profit of UGX 82.3 billion earned through energy sales in the Financial Year (FY) ending June, 2024. UETCL was closely followed by Uganda Electricity Generation Company (UEGCL) at 54.2 billion and Uganda Civil Aviation Authority at UGX 32 billion. The three top public corporations raked in a combined UGX 168 billion in annual profits outperforming other 17 sister corporations and state enterprises, according to details from the latest Auditor General’s report. However, UETCL’s profitability decreased by 13 percent from UGX 94 billion in…
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Ambassador Joan Rwabyomere is a board member of the Electricity Regulatory Authority. She has served on the Board of the Electricity Regulatory Authority since July 2014. With a wealth of experience in politics, management, diplomacy, business and leadership both in the private and public sectors, at national, regional and international levels, Amb. Rwabyomere has contributed to and overseen the formulation of Guidelines, Regulations and legal frameworks that have facilitated smooth investment in Uganda’s Electricity Supply Industry and improvement of the Quality and Reliability of Power Supply. She is a former Uganda High Commissioner to London (2006 – 2013), and to…
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