Mr. Humphrey Nzeyi is the new Chairman Board of PSFU.

  • Private Sector Foundation Uganda

KAMPALA Thursday, November 24, 2022: Mr. Humphrey Nzeyi is the new Chairman of the Private Sector Foundation Uganda (PSFU).

Mr. Nzeyi was 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. He replaces Hon. Elly Karuhanga who has been chairman since 2019. Also voted in, was Ms. Sarah Kagingo as Vice Chairperson, replacing Hon.Victoria Ssekitoleko.

The AGM was attended by over 500 hundred delegates. Hon. Dr. Elly Karuhanga joins the past Chairmen at PSFU Boards Mr. Patrick Bitature, Hon Gerald Sendawula, and the Late James Mulwana. The 47-year –old new Chairman 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 has investments in Hospitality and Tourism, Beverages, Confectioneries, and ICT, among others.

Other elected members are Mr. Badru Ntege - (ICT), Mr. Issa Ssekitto (Trade and Commerce) Mr.  Latimer Mukasa - (Financial & Insurance Services), Ms. Shirley Kongai (Real Estate & Construction) Ms. Angela Bageine - (SMEs) Mr. Japheth Katto - (Corporates) Mr. Kenneth Ayebare - (Transport & Logistics) Mr. Peter Kimbowa (HR, Skills, and Education) Ms. Civy Tumusiime - (Tourism & Hospitality) Mr. Daniel Kazibwe - (Culture & Creative Arts sector), and Hon. Victoria Sekitoleko – (Agriculture).

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).

Humphrey Nzeyi, who had earlier been unanimously voted onto the Board by the Manufacturing Sector embarks on his leadership journey at the helm of Private Sector Foundation Uganda as the youngest.

Hon. Chairman Karuhanga, in his exit speech, applauded his team for the support and effort in stimulating economic recovery for businesses after the hard-hitting impact of the Covid-19 and the current global economic crisis.

Mr. Stephen Asiimwe, the Chief Executive Officer, thanked the outgoing Board for their steadfast leadership and unwavering commitment to creating an enabling and sustaining environment for Management and Staff.

“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,” Asiimwe said.

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. He said 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.


About the Private Sector Foundation Uganda

Private Sector Foundation Uganda (PSFU) is Uganda’s apex body for the private sector. It is made up of over 310 business associations, corporate bodies and the major public sector agencies that support private sector growth.


Since its founding in 1995, PSFU has served as a focal point for private sector advocacy as well as capacity building and continues to sustain a positive policy dialogue with Government on behalf of the private sector.

PSFU aims to strengthen Private Sector capacity for effective policy advocacy and market competitiveness nationally, regionally and internationally. Regionally, PSFU is the national focal point for the East African Business Council (EABC) and the COMESA Business Council (CBC).