The Board of Directors of the Uganda Electricity Transmission Company Limited (UETCL) has confirmed Eng. Richard Matsiko as the company’s substantive Chief Executive Officer, replacing Mr. Joshua Karamagi, who resigned from the position last year.
In a statement released on Friday, UETCL announced that Eng. Matsiko’s appointment follows his recent service as Acting Chief Executive Officer, during which he provided strategic leadership and oversight of the national power transmission utility.
Eng. Matsiko is a seasoned professional in the electricity supply industry with more than three decades of experience. He began his career at the Uganda Electricity Board (UEB) on March 1, 1991, where he joined as a Trainee Electrical Engineer.
Over the years, he rose through the ranks, later transitioning to UETCL as a Principal Protection Engineer. His progression through key technical and leadership roles has culminated in his confirmation as the company’s Chief Executive Officer.
According to UETCL, Eng. Matsiko will lead the company’s strategic direction in line with its Corporate Strategic Plan 2025–2030.
Ruparelia Group Wins Key Entebbe Land Case, Clearing Path for the New Mega Speke Resort and Convention Centre, EntebbeThe plan aims to strengthen the reliability and efficiency of electricity transmission infrastructure and position UETCL as Eastern Africa’s leading electricity transmission company.
The Board expressed confidence in Eng. Matsiko’s ability to drive operational excellence, enhance grid stability, and support Uganda’s growing power sector.
His extensive institutional knowledge and technical expertise are expected to play a critical role in advancing the company’s long-term objectives.
