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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