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MOGAS Uganda Limited (MUL) has appointed Mercy Nasejje, previously the company’s Safety and Standards Manager as its new Managing Director. The appointment, according to an internal notice, by the MOGAS Group HR And Admin Supervisor Ndagire Mariam Walie, is effective 8th August 2022. “Mercy is succeeding Ronald Rugadya, who has taken on other responsibilities within the Group. Mercy Nasejje will be reporting to the MOGAS Group CEO,” reads the internal memo. Ronald Rugadya was on 22nd July 2022 appointed the Managing Director of MOGAS Tanzania Limited, effective 22nd August 2022. He succeeds Michael Nduhuukire who is to take on other…
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MOGAS is now free to do business for the next six months and conclude talks with a one Ola Energy Ltd which was willing to take over MOGAS and pay off a debt that the oil marketer owes Stanbic Bank Uganda. In a recent development, Maestrol Oil and Gas Solutions Limited famously known as MOGAS Uganda Limited, had been placed under receivership by Stanbic Bank Uganda. This follows MOGAS’ failure to pay back 12 loans it borrowed from Stanbic Bank totalling to UGX 43,181,259, 828 (which includes both the principle and the interest). According to Vincent Lubuulwa, Stanbic Bank’s senior…
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