UMEME may be paid UGX 1.8 trillion if government cancels power supply contract
Selestino Babungi is an accountant and corporate executive in Uganda, the third-largest economy in the East African Community. He is the managing director and chief executive officer of Umeme, whose shares are traded on both the Uganda Securities Exchange and the Nairobi Stock Exchange, and is the largest independent power distribution company in Uganda. He was appointed in March 2015 and he assumed his current position on 1 April 2015, replacing Charles Chapman, whose term ended.
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