KAMPALA- Thursday, November 24, 2022: Mr Humphrey Nzeyi is the new Chairman of the Private Sector Foundation Uganda (PSFU). He replaces Hon. Elly Karuhanga who has been chairman since 2019.
Also voted in was Ms Sarah Kagingo elected Vice Chairperson replacing Hon. Victoria Ssekitoleko. Kagingo was voted unopposed by the professional services sector.
They were voted in as the fifth Chairman on Thursday, November 24th 2022 at PSFU’s 26th Annual General Meeting (AGM) at UMA Multipurpose Hall at Lugogo, in Kampala. The AGM was attended by over 500 hundred delegates.
Nzeyi, who was unanimously voted onto the board by the Manufacturing sector, joins past chairpersons at PSFU boards Mr Patrick Bitature, Gerald Sendawula, and the late. James Mulwana.
The 47-year –old new Chairman, Mr Nzeyi, has more than 20 years of experience running some of Uganda and East Africa’s leading businesses.
He is currently the Managing Director of Invicta Africa Limited, a company he founded in 2015. He also invests in Hospitality Tourism, Beverages, Confectioneries, and ICT.
PSFU new Chairman Board of Directors Mr. Humphrey Nzeyi and outgoing chairman Hon Elly Karuhanga
New Board
Other elected members are; Mr Badru Ntege – (ICT), Mr Issa Ssekitto (Trade and Commerce) Mr Latimer Mukasa – Member (Financial & Insurance Services, Ms Angela Bageine – Member (SMEs), Mr Japheth Katto – Member (Corporates), Kenneth Ayebare – Member (Transport & Logistics), Peter Kimbowa (HR, Skills and Education), Civy Tumusiime – Member (Tourism & Hospitality), Daniel Kazibwe – Member (Culture & Creative Arts sector) etc.
Outgoing Board
Outgoing members are; Mr Charles Kareba (Logistics and transport), Ms Adyeri Omara SMEs and Skills, Mr Rajesh Chaplot (corporates), Mr Gordon Ssentiba (Financial Services), Eng. Kenneth Kaijuka (Real Estate and Construction).
Hon Elly Karuhanga, the outgoing chairman board of PSFU, applauded his team for their support and effort in stimulating economic recovery for businesses from the hard-hitting impact of the pandemic.
Mr Asiimwe Stephen, the Chief Executive Officer of PSFU, applauded the outgoing board for their steadfast leadership and unwavering commitment to creating an enabling and sustaining business environment amidst the adverse effects of the Covid-19 pandemic and the Russian war in Ukraine.
“Despite the economic hardships posed by the Covid-19 pandemic, PSFU membership grew by 15%, from 270 the previous year to 311 members throughout the year. We welcome the new members, and commit to fulfilling your expectations as aligned with PSFU’s mandate,” he said.
The new chairman, Mr Nzeyi, expressed gratitude towards the members for their support and trust in his leadership and promised to start from where the previous board stopped. His focus will be to advocate for an enabling business environment, business development skills for the private sector to ensure businesses are competitive at a local, regional and global level and strategic partnerships.
“Our tenure, as the board, was dominated by Covid-19, and we were tasked with a responsibility to keep businesses afloat. With tremendous support from government and development partners, we managed to recapitalize the UDB with UGX 1.5 trillion to promote and finance domestic investment in various commercial sectors of the economy with particular emphasis on agriculture, industry, tourism, housing, and commerce,” he said.
Thank you very much, esteemed members of the Professional Services Sector, for electing me to represent you as Director at the Board of the Private Sector Foundation of #Uganda, @PSF_Uganda.
Electoral process conducted by the PSFU Advisory Council. #PSFUAGM pic.twitter.com/wx86567Vlt
— Sarah Kagingo (@SarahKagingo) November 24, 2022