October 2, 2024
In a shakeup at the Uganda Investment Authority (UIA), the Minister of Finance, Matia Kasaija, has appointed his political assistant, Robert Kyamanywa, as the new Chairman of the Board of Directors. The announcement was made official through a letter dated September 26, 2024, in which Kasaija invoked powers granted to him under Section 4 of the Investment Code Act, 2019.
Kyamanywa, who hails from Kibaale district, replaces Morrison Rwakakamba, whose board was recently dissolved by the minister. “As Chairman of the UIA Board, Kyamanywa will be directly accountable to the Minister of Finance, Planning, and Economic Development,” Kasaija’s letter noted.
This appointment marks the second time Kasaija has selected a political figure from his hometown of Kibaale for a key leadership role at UIA. In 2021, Kasaija appointed Paul Kyalimpa, his former political rival, as the Deputy Director of UIA. Kyalimpa had earlier dropped out of the race for the Buyanja MP seat, allowing Kasaija to contest unopposed.
Kyalimpa resigned from his role at UIA in May 2024, citing the need to focus on professional training that would require full-time commitment for over a year.
The reasons for the dissolution of the Rwakakamba-led UIA board remain unclear. However, the shakeup comes amid ongoing friction between the State Minister for Investments, Evelyne Anite, and UIA Executive Director Robert Mukiza, which has raised questions about leadership stability within the authority.
Kyamanywa’s qualifications for the role have not yet been disclosed, and ChimpReports is actively following up for more information on his background. As this is a developing story, further details will be shared as they emerge.
The Uganda Investment Authority remains a crucial institution in driving investment and economic growth, making this leadership change one to watch closely.
Stay tuned for updates.
Source: Chimpreports
