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Tycoon Mbire speaks out on Kampala Cement governance concerns
A detailed breakdown of the Kampala Cement collapse, tracking how 82 million dollars in debt, high transport costs from raw material locations and an internal boardroom rupture forced the company into KPMG receivership. KAMPALA, Uganda — Breaking his silence on the collapse of one of Uganda’s flagship manufacturers, tycoon Charles Mbire says weak corporate governance drove him off the board of Kampala Cement Co. Ltd. years before the cement make…
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Tycoon Mbire speaks out on Kampala Cement governance concerns
A detailed breakdown of the Kampala Cement collapse, tracking how 82 million dollars in debt, high transport costs from raw material locations and an internal boardroom rupture forced the company into KPMG receivership. KAMPALA, Uganda — Breaking his silence on the collapse of one of Uganda’s flagship manufacturers, tycoon Charles Mbire says weak corporate governance drove him off the board of Kampala Cement Co. Ltd. years before the cement make…
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