Top CEOs of the Year 2019

2019 has been a significant year in the corporate world, filled with appointments, awards, legal battles to say the least.

As we wind up the year, we bring you ten Chief Executive Officers, from the private and public sector that have done a great job in 2019 to ensure their organisations are impactful on the Ugandan economy

1. Dfcu’s Mathias Katamba

Mathias Katamba was unveiled as the CEO and Executive Director of Dfcu Bank, the second largest bank in Uganda in January 2019. At the time, Dfcu was undergoing intense public scrutiny, fuelled by a ferocious fake news attack campaign for its role in the sale of Crane Bank.

However, Katamba has ensured that the Bank retains its course of offering banking solutions to Ugandans.

In its half year performance results 2019, Dfcu bank posted Shs 35.6 billion profit in the first six months.

The bank’s cash deposits grew to Shs2.1 trillion from Shs1.99trillion in the same period. He has been crucial in the Bank’s launch of the Investment Club Application aimed at driving inclusive growth.

  1. URA’s Doris Akol

She became the Commissioner General of Uganda Revenue Authority (URA) in 2014 taking over from the Allen Kagina.


It was never going to be easy for her to fill Kagina’s shoes, but Akol has taken over the role with grace and ultimate determination. At the beginning of this year, she had her four-year term renewed. In 2018, she scooped African Women in leadership award from the African virtuous women award organization and the person of the year public excellence award from the African excellence awards.

Under her leadership, URA has grown the net revenue growth collection by 15.72% and the GDP revenue ratio from 12.4% in 2014/2015 to 15.1% in 2018/2019. In 2018/2019, URA collected Shs16.6trillion above the set target of Shs16.4 trillion. It has also increased the tax register from 763,150 to 1.5m

 UCC’s Godfrey Mutabazi

He has been the executive director of Uganda Communications commission since 2009. Under his leadership, the body has facilitated the spread of network coverage to almost 98% across the country for all telecommunication companies.

He is also praised for spearheading Local Content promotion in Uganda by regularising and enforcing the 70% local content policy across all broadcasting services.

This year, UCC held the most successful Uganda Film Festival where local films was selected, promoted and awarded.

UCC has also offered computers and internet to secondary schools especially in hard to reach areas.

  1. UNRA’s Allen Kagina

Having manned and transformed URA where she was the Commissioner General for 8 years, Kagina was transferred to Uganda National Roads Authority (UNRA) in 2015. Since then UNRA has undergone a series of administrative/ performance changes and a general transformation. The authority has increased the National Road network to 20,854kms having added 310kms in 2019.

Despite the financial constraints, the body has also added 601 major structures on the roads including 424 Bridges and 236 water channels. Her biggest success as of now is the Kampala Entebbe expressway (Uganda’s first toll road) that was officially opened early this year

  1. Stanbic Bank’s Patrick Mweheire

Patrick Mweheire became the CEO and Executive Director in 2015. Since then, he has helped the Bank to grow its assets and profits.

In the first half of 2019, Stanbic Bank made a 39.5% increase in profits from Shs 96.1b in the first half of 2018 to Shs134b in first half 2019 ending June. Deposits in the same period grow from Shs3.7trillion to Shs4.1 trillion while loan profile grew from Shs2.3 trillion to Shs2.6 trillion. The Bank’s biggest success has been the stanbic business incubator

  1. NWSC’s Silver Mugisha.

It has been a good year for the self-styled administrator and Entrepreneur; from new appointments as the chairman Uganda Business and Technical Examination Board, to awards. He has been with NWSC since 2013 and also doubles as the vice president for African Water Association for E.A since 2014.

Under his leadership, NWSC has reached 78.6% national service coverage and is targeting 100% under its program Scop100. The body has so far made 272,406 connections and is in 253 towns from 23 towns in the last five years.

Under his leadership, NWSC scooped international and local awards including the best digital customer service, best digital customer experience and best E service/ E commerce award at the Digital Impact awards. It also got the glory award from the world Confederation of business for its distinguished performance.

  1. UTB’s Lilly Ajarova

Lilly Ajarova was appointed Uganda Tourism Board Chief Executive in January 2019 replacing Stephen Asiimwe who had been there for 7 years. Before that, she was the CEO at Chimpanzee Sanctuary and wildlife Conservation Trust. Since she came in, the tourism sector had been vibrant for a full year with an increase in numbers in both local and foreign tourists. In the year 2018/2019, Uganda received about 1.5m foreign tourists an increase from 1.4m registered in 2017/2018. In addition to being a friendly and Vibrant CEO, we salute her for putting Uganda on the world map.

  1. NSSF’s Richard Byarugaba

Richard Byarugaba has been Managing Director and CEO of National Social Security Fund since 2010. Since he took up the funds’ leadership, there has been great transformation with the Fund’s assets under management growing up to Shs11.3trillion as of 2019.

Although 2019 hasn’t been a very exciting year especially for the savers after the Fund announced an 11% interest rate on savings, a decrease from the 15% that was announced in 2018, NSSF as body has been making tremendous progress with their biggest achievement being the NSSF amendment Bill 2019 that was passed by government Reinforcing the body as the only official saving scheme.

The body also so an increase in the annual contribution from Shs1 trillion in 2018 to Shs1.208 trillion in 2019.

  1. ERA’s Ziria Tibalwa Waako

Ziria Tibalwa Waako became the Electricity Regulatory Authority (ERA) CEO since 2017. Since then, there has been in an increase in national grid connections. Currently, Uganda has a 28% hydro electrification rate, a 1,167megawarts production capacity and 1000 new customers requests to be connected to the grid power on a daily.

ERA recently launched the Kapo power campaign to train and legalise electricity connectors. Over 2400 are expected to be trained.

  1. Catherine Bamugemereire

She has been the head of the Commission of Inquiry into land Matters since 2017. Earlier this year, the president renewed the commissions tenure for another two years.

She is a no nonsense land that has been stepping on a lot of land grabbers toes, including the big guys in governments.

11. Twebaze Bemanya

The financial year 2018/2019 was a great one on many fronts for URSB team led by Twebaze Bemanya.

URSB surpassed its Non-Tax Revenue (NTR) targets by over 40%, grew the number of registered businesses, continued to stabilize family unity through increased registration of marriages especially the customary ones while giving the knowledge economy a facelift.

Bemanya is optimistic URSB will further grow its mandate in the Financial Year 2019/20 that commenced on July 01, 2019.

URSB’s target for revenue collections was set at Shs 40.1bn. Successfully, by end of the financial year, the body had collected Shs 56.2bn thus surpassing the set target by an extra 16.1 bn.

Strategic innovations on the ICT front have seen a steady growth in the civil registration mandate. Customary marriage registrations jumped from 187 in the previous year to over 862 in the last financial year, while certification of all forms of marriages grew by 27%with 3,499 certifications recorded, down from 2,754 the previous year.

Intellectual Property services uptake went up last financial year specifically in the areas of patent applications, industrial design applications and registrations. Local trademark registrations registered a 22.7% increase from 1,314 the previous year to 1,613 last financial year. Foreign trademark renewals jumped to 1,827 from 1,317, a 37.8% growth.

List to be continued …

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