Dr. Gerald Banaga-Baingi has been appointed the Chief Executive Officer of the Uganda National Mining Company, and will assume duties effective May1st, 2025.
The mining company established under the Mining and Minerals Act, 2022, is a wholly state-owned enterprise mandated to manage Uganda’s commercial interests in the minerals sector.
Dr. Banaga-Baingi is an accomplished Resource Economist with extensive experience in the mining, petroleum, and minerals sectors.
Previously, he worked with the National Water and Sewerage Corporation as a Data Control Officer under the Kampala Revenue Improvement Project before joining the Ministry of Energy and Mineral Development. Rising through the ranks, he became Assistant Commissioner for Technical Planning and Chief Technical Advisor on Energy, Petroleum, and Minerals.
In these roles, he led efforts in Energy Transition and Integrated Resource Planning, leveraging Uganda’s critical minerals to drive the country toward a low-carbon development pathway.
He has also contributed to international panels of experts on topics such as climate change, green mobility, critical minerals, and served as a member of the International Energy Agency’s team of experts on Energy Policy Review for Mozambique.
Over the years, he has spearheaded numerous strategic initiatives, including the development of policies, legal, and regulatory frameworks. He has also successfully structured and implemented complex projects, attracting financing from public, private, and development partners.
How Stanbic Bank CFO Ronald Makata Blends Governance, Technology and Human Leadership to Drive PerformanceDr. Banaga-Baingi has demonstrated exceptional leadership in structuring and negotiating various agreements, including development and financing agreements, Implementation Agreements, Power Purchase Agreements, and Joint Venture Agreements.
He has collaborated with multilateral and bilateral partners, as well as private developers, to advance large-scale infrastructure projects and promote commercialization and value addition in petroleum and mineral resources.
Dr. Banaga-Baingi holds a Bachelor’s degree in Statistics from Makerere University and multiple postgraduate qualifications, including: Master of Business Administration (MBA), Master of Science in Economic Analysis and Policy (University of Warwick, UK), Master of Science in Petroleum, Energy Economics, and Finance (University of Aberdeen, Scotland, UK), Doctor of Philosophy (PhD) in Economics (Makerere University).
He also holds a Postgraduate Diploma in Environmental Management (Galilee College, Israel), Postgraduate Diploma in Petroleum Management (PETRAD, Stavanger, Norway), Certificate in Integrated Environmental Assessment (City University of Hong Kong).
Additionally, he holds various professional certificates in Resource Economics and Trading, Energy and Flexibility Modelling, and Financial Planning for Infrastructure.
