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Old Mutual Investment Group has unveiled a strengthened governance bench with two strategic appointments: veteran financial services executive Richard Patrick Byarugaba as Board Chairman, and seasoned corporate leader Charles Ernest…
In a surprise move, global beverage giant Diageo plc has announced the immediate departure of its Chief Executive Officer, Debra Crew, two years after officially taking the helm. The decision,…
Umeme Limited has officially declared a dispute with the government of Uganda over the buyout amount, signaling a potential legal proceeding, if the issue is not resolved within 30 days. Government and Umeme have 30 days – from 11 April, 2025 – within which they must resolve the dispute, failure of which the matter will head into arbitration in London. The Concession Agreement, under which Umeme had distributed electricity in Uganda until 31st March, 2025, provides for arbitration in the event that government and Umeme fail to agree on the final buyout amount. Thus, the public notice issued on Monday,…
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The Minister of Gender, Labour, and Social Development Hon Betty Amongi has appointed a new Board of Directors for the National Social Security Fund (NSSF) for a 3-year term effective September 01, 2024. Dr. David Ogong has been appointed the new Chairperson, replacing Dr Peter Kimbowa whose 3- year tenure elapsed on September 01, 2024. The Permanent Secretary and Secretary to the Treasury Ramathan Ggoobi also joins the Board, replacing Patrick Ocailap. Richard Bigirwa also joins as a worker’s representative under the National Organisation of Trade Unions (NOTU), replacing Lwabayi Mudiba Hassan. The Minister also reappointed Aggrey David Kibenge representing…
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The Minister of Gender, Labour and Social Development, Betty Amongi has appointed Mr. Gerald Paul Kasaato as the substantive Deputy Managing Director of the National Social Security Fund (NSSF), Uganda. His appointment follows a recommendation from the NSSF Board of Directors after a rigorous recruitment process, according to a statement signed off by Dr. Peter Kimbowa, Chairman of NSSF Board of Directors. Mr Kasaato has been the Acting Deputy Managing Director since August 2023, and Chief Investments Officer since April 2014. He joined the Fund in July 2011 as Portfolio Manager, Equities. He previously worked as Finance and Investments Manager…
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LEAD is a not-for-profit organization which was formed after realising that many East African companies in need of directors did not have a consolidated reference point for selection and training of active and potential directors and tended to rely on personal references and “club” like structures to make board level appointments. Its mission is the equipping of boards, by ensuring a deliberate improvement in diversity on East African corporate boards. One of the interventions that LEAD has undertake is the development of a targeted database of ready-to-lead corporate executives with diverse experience, skills, expertise and diversity. Here below we present to…
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