Home Business Soft Power’s Sarah Kagingo Replaces Victoria Sekitoleko as Vice Chairperson PSFU

Soft Power’s Sarah Kagingo Replaces Victoria Sekitoleko as Vice Chairperson PSFU

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Sarah Kagingo, the proprietor of Soft Power Communications has been elected as Vice Chairperson of the Private Sector Foundation of Uganda (PSFU).

Kagingo who was voted unopposed, replaced Hon. Victoria Sekitoleko.

This was during the PSFU’s 26th Annual General Meeting which took place in Kampala on Thursday, attracting over 500 hundred delegates.

Kagingo will now deputise Humphrey Nzeyi, who was elected as the  is the new Chairman of the Private Sector Foundation Uganda (PSFU).

He also replaced Elly Karuhanga who has been chairman since 2019.

Nzeyi has a working experience of more than 20 years.

Speaking shortly after being elected, Nzeyi thanked the members for their support and trust in his leadership and promised to start from where the previous board stopped.

He promised to place more focus on advocating 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.

Humphrey Nzeyi, the new Chairperson of PSFU speaking to delegates after election

“Our tenure, as the board, was dominated by Covid-19, and we were tasked with a responsibility to keep businesses afloat,” he said adding,

“With tremendous support from government and development partners, we managed to recapitalize the UDB with Shs1.5t to promote and finance domestic investment in various commercial sectors of the economy with particular emphasis on agriculture, industry, tourism, housing, and commerce,” he added

During the same meeting, popular tech innovator Badru Ntege was elected on the Board to be in charge of  ICT, KACITA’s Issa Ssekitto on Trade and Commerce,  Latimer Mukasa, a member in charge of Financial and Insurance Services,

Others were M Angela Bageine, a  Member (SMEs),  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.,

Some of the PSFU leaders pose for a group photo after the election

Speaking at the function shortly, Karuhanga, thanked lauded his team for their support and effort in stimulating economic recovery for businesses from the hard-hitting impact of the pandemic

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