President Museveni has appointed the former dfcu Bank Managing Director Mathias Katamba as the board chairman of the Uganda National Oil Company (UNOC).
The President, in a letter dated March 5, 2024, also appointed Moses Kabanda, Herbert Mugizi, Dr Ivan Lule, Ms Justine Isenyi Zulaika Kasajja Mirembe as the other members.
The new board replaces the old one headed by businessman Emmanuel Katongole whose four-year term expired in February.
On Thursday last week, the new UNOC board members were successfully vetted by Parliament’s Appointments Committee chaired by Deputy Speaker Thomas Tayebwa.
Mr Katamba served as the dfcu boss from January 2019 to January last year when he resigned. Previously, he served for five years as managing director of the government’s Housing Finance Bank, and before that as chief executive officer of Finance Trust Bank.
Peter Muliiisa, the UNOC head of legal and corporate affairs, confirmed the new board members.
“Parliament passed all of them last week. Now we are waiting for their instruments then we can arrange the handover at the earliest possible,” he noted.
UNOC, wholly owned by the ministries of Energy with 51 percent and Finance 49 percent, is the statutory body mandated to manage the country’s commercial interests in the nascent oil sector, including marketing of the country’s share of petroleum received in kind, and to develop in depth expertise in the oil and gas industry.