Felix Okoboi Archives – CEO East Africa

CREATING A SUSTAINABLE IMPACT: UDB extended UGX610 billion in new loans in 2023

Muhereza KyamuteteraBanking & Financial Services News & Analysis The Big StoryJuly 24, 2024July 24, 2024

Uganda Development Bank Ltd (UDB), the country’s national Development Finance Institution has released its 2023 results, reporting what the bank says is a “continued pivotal role in fostering economic resilience and sustainable growth across key sectors of the economy”. According to the results, released during the Annual General Meeting held at the Ministry of Finance, Planning, and Economic Development, the Bank continued to grow, with total assets closing at UGX1.67 trillion in 2023, a 10% uplift from UGX1.52 trillion the previous year. This was largely boosted by growth in new loans⏤ new loans disbursed in 2023 amounted to UGX610 billion,…

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Felix Okoboi, the new wunderkind in Uganda’s corporate corridors of power

Muhereza KyamuteteraExecutive Profiles Lists & Rankings The Big StoryJune 7, 2023June 7, 2023

Last week, East African Breweries Limited (EABL), the region’s leading branded alcohol beverage business and a subsidiary of Diageo, the global alcohol giant announced that it had appointed Felix Okoboi as an Independent Non-Executive Director. The appointment took effect on 30th May 2023. Although the announcement didn’t say, Felix is more or less, a replacement for Japheth Katto, who retired from the Board in February 2023, after 9 years of service. Felix joins Jimmy Mugerwa, another Ugandan Independent Non-Executive Director on the board. Uganda is the second biggest unit of EABL, contributing about 20% of the business, after Kenya which…

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