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Uganda Clays Board fires George Inholo over poor performance

Although George Inholo grew Uganda Clays turnover by 36.2% from UGX22.1 billion in 2014 to UGX30.1 billion in 2018 and in the process returning the company to profitability and earning dividend-starved shareholders 3-years of straight dividends, his failure to steady profit growth even when significant concessions had been made on the company’s debt, was his ouster. Not even the perennial excuse of high costs of operation could save him.

Uganda Clays Limited (UCL) has fired George Inholo over poor performance, CEO East Africa has exclusively learned. Inholo, who joined the company in August 2014, was relieved of his duties alongside the Head of Production and Head of Human Resources and Support Services, effective March 6th 2020. “The trio were sacked over big-time performance issues. Wait until you see the numbers- it is embarrassing,” said sources at the company, familiar with board proceedings. “They failed to do anything to turn around the company; they were just bickering. There were big fights amongst the team” further said the source who requested…

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.

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