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Mr. Humphrey Nzeyi is the new Chairman of the Private Sector Foundation Uganda (PSFU).

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Featured Photo:PSFU’s new Chairman Board of Directors Mr Humphrey Nzeyi,Vice Chairperson Ms Sarah Kagingo and the Chie4f Executive Officer of PSFU Stephen Assiimwe.

KAMPALA

PSFU’s new Chairman Board of Directors Mr Humphrey Nzeyi and Vice Chairperson Ms Sarah KagingoNzeyi, 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.

Nzei took over the office on Thursday, November 24, following the annual general meeting (AGM) held at Uganda Manufacturers Association (UMA) at the Multipurpose Hall at Lugogo, in Kampala.

He becomes the fifth office holder.

In a speech presented to the members, Nzeis said that “I am starting from where the previous board Chairperson stopped with a focus on creating an enabling business environment, honing business development skills for the private sector to ensure that competitiveness at a local, regional and global level besides having strategic partnerships,” said Nzei.

He comes on the heels of Elly Karuhanga who chaired since 2019. Another new Sarah Kagingo elected as Vice Chairperson to replace Hon. Victoria Ssekitoleko.

The 500 delegates AGM attended were seen beaming with smiles of satisfaction as they rubbed clenched fists. Nzei comes in a queue preceded by past chairpersons: Patrick Bitature, Gerald Sendawula, and Late James Mulwana.

Ms. Sarah Kagingo (L) is the PSFU deputy board chairman while Humphrey Nzeyi (R) is the new board chairperson for PSFU (PHOTO/Courtesy)

PSFU’s new Chairman Board of Directors Mr Humphrey Nzeyi and Vice Chairperson Ms Sarah Kagingo

He was voted in as the fifth Chairman on Thursday, November 24, 2022 at PSFU’s 26th Annual General Meeting (AGM) at UMA Multipurpose Hall at Lugogo, in Kampala. He replaces Elly Karuhanga who has been chairman since 2019. Also voted in was Ms. Sarah Kagingo elected Vice Chairperson replacing Hon. Victoria Ssekitoleko.

The AGM was attended by over 500 hundred delegates. Nzeyi 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.

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 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).

Nzeyi, who was unanimously voted onto the board by the Manufacturing sector embarks on his leadership journey at the helm of the Private Sector Foundation

Kagingo the vice Chairperson was voted unopposed by the professional services sector replacing Hon Victoria Sekitoleko.

Karuhanga, the outgoing chairman board, PSFU, has 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, 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 1.5t 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

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