Joshua Karamagi Appointed New UETCL CEO

Joshua Karamagi has been appointed as the new Uganda Electricity Transmission Company Limited (UETCL) Chief Executive Officer.

He replaces George Rwabajungu who resigned in August 2022. He will assume office on March 1, 2023.

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“The Board & Management of UETCL welcomes Mr. Joshua Karamagi the New Incoming CEO who will assume office on 1st March, 2023,” reads a statement from UETCL.

He joins UETCL from Uganda Electricity Generation Company Limited where he has been the Chief Finance Officer since 2015.

Karamagi is an accomplished finance professional and business leader boasting over 25 years of CFO experience in energy infrastructure finance and investments; business consulting, audit and assurance.

At UEGCL, he is remembered for being a key member of the team that developed two major hydro power projects worth $2 billion.

He has also previously served as an assistant commissioner (Treasury) at the Ministry of Finance, Planning and Economic Development, where he was in-charge of monetary and fiscal policy for Uganda’s budget.

He holds a Master of Business Administration from Edinburgh Business School, Herriot-Watt University, as well as Bachelor of Commerce from Makerere University.