UNMC Names Interim CEO and Company Secretary Following IGG Interdictions

What the report says

Nile Post reports that the Uganda National Mining Company (UNMC) is putting interim leadership arrangements in place after the Inspectorate of Government interdicted its chief executive and company secretary. The reported plan would bring in an acting chief executive seconded from the Uganda National Oil Company and an acting company secretary from the Ministry of Energy and Mineral Development.

According to sources cited by the publisher, former UNOC exploration chief Lyoidah Kiconco is being considered for the acting CEO role, while energy lawyer Loyola Rwabose Karobwa is lined up for the company secretary position. Nile Post says both names have been discussed in the context of restoring continuity at the state-owned mining firm while investigations continue.

The article says the current leadership shake-up follows an IGG directive issued on 22 October 2026 ordering the interdiction of UNMC Chief Executive Gerald Banaga-Baingi and Chief Corporate and Legal Affairs Officer/Company Secretary Lelia K. Bwambale. The directive also called for interim arrangements to keep executive and governance functions operating during the probe.

Nile Post adds that the proposed arrangements were understood to have been agreed between the Minister of Energy and the board, though it notes that no formal public announcement has yet confirmed the appointments, their start dates, or the terms of secondment. The development matters because UNMC is a state-owned company in a sector central to Uganda’s mineral development plans.