Selestino Babungi

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,[1] 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.[2] He was appointed in March 2015, and he assumed his current position on 1 April 2015, replacing Charles Chapman, whose term ended.[3]

Selestino Babungi
Born
Selestino Babungi

1977 (age 45–46)
Uganda
Alma materMakerere University
(Bachelor of Statistics)
Association of Chartered Certified Accountants
(Fellow of the Association of Chartered Certified Accountants)
Certified Public Accountants of Uganda
(Certified Public Accountant)
OccupationCorporate Executive
Years active1999–present
TitleManaging Director & CEO
Umeme

Background and education

He was born in Uganda circa 1977. He studied at Makerere University, Uganda's oldest and largest public university, graduating with the degree of Bachelor of Statistics, circa 1999. He is a Fellow of the Association of Chartered Certified Accountants of the United Kingdom. He is also a certified public accountant of the Certified Public Accountants of Uganda(CPA).[4]

Career

From 1999 until 2006, he worked with Ernst & Young at its Kampala office. He joined Umeme in 2006 and served as a regional operation manager and then as the credit control manager. In 2012, he was appointed chief finance officer,[5] serving in that role until he was appointed chief executive officer, effective 1 April 2015.[4] He replaced Charles Chapman, who remained on the board as a non-executive director.[6]

Other responsibilities

He is a married father of three children.[4]

See also

References
  1. Ojambo, Fred (9 April 2015). "Umeme Will Invest Up to $100m Upgrading Uganda Network This Year". Bloomberg News.
  2. Biryabarema, Elias (13 April 2015). "Uganda's Power Firm Umeme Sees 2015 Revenues Up 10 Percent". Reuters.com. Archived from the original on 27 April 2015. Retrieved 20 April 2015.
  3. Ladu, Ismail Musa (16 March 2015). "Umeme Gets New Chief Executive Officer". Daily Monitor (Kampala). Retrieved 20 April 2015.
  4. Wesonga, Nelson (14 April 2015). "Umeme: Will Babungi Score Where Chapman Failed?". Daily Monitor (Kampala). Retrieved 20 April 2015.
  5. "Profile | Thomson Reuters Foundation News". news.trust.org. Retrieved 19 May 2023.
  6. Kyamutetera, Muhereza (16 March 2015). "Umeme Appoints Babungi, A Ugandan As Managing Director". The CEO Magazine Blog (Kampala). Retrieved 20 April 2015.
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