A list of the highest earning corporates in the oil rich Nigeria has been released with a Ugandan scoring impressively.
Baker Magunda is number three on the list earning earning a mind boggling 461 million naira annually.
This is equivalent to UGX4 billion or USD1.3 million.
Magunda is the CEO of Guinness Nigeria a subsidiary of Diageo Plc of the UK.
He was appointed as the company’s Managing Director/ Chief Executive Officer last year on 1 July 2018.
He joined Guinness Nigeria from Diageo owned Meta Abo Breweriesin Ethiopia where he was the Managing Director.
Magumba is a holder of a Bachelor of Economics [Honours] from Makerere University Uganda.
He has nearly twenty years’ experience in the consumer goods and alcohol industry and has worked across Africa in Uganda and Kenya as well as Ethiopia and the Sudan.
After joining Diageo in 1999 as Marketing Manager, Uganda Breweries Limited, he has worked in senior leadership posts as Managing Director Kenya Breweries Limited, and Managing Director Diageo Guinness Cameroon SA.
He also had a stint with Guinness in London in the United Kingdom.