THE Honourable Minister of Defence and Veteran Affairs, Jacob Marksons Oboth-Oboth, has called upon the new Board of Directors of the National Enterprise Corporation to prioritise the corporation’s prosperity, growth, and long-term sustainability while remaining steadfast in their commitment to their statutory responsibilities.
“I expect total accountability because accountability breeds acceptance and respectability by investors for the Enterprise. Both business prosperity and accountability are at the forefront of every corporation’s strategic thinking, planning, and activity,” said Hon. Oboth-Oboth.
Minister Oboth-Oboth made the remarks today at the inauguration of the new Board of Directors of the National Enterprise Corporation, which was held at its headquarters in Bugoloobi, Kampala.
He tasked the Board to guide the corporation towards realising its purpose in support of the UPDF’s goals, through engaging in activities that contribute to Uganda’s development, as mandated by the Constitution.
National Enterprise Corporation (NEC) was established in 1989 by an Act of Parliament to serve as a commercial arm of the Ministry of Defence and Veteran Affairs/Uganda Peoples’ Defence Forces and to produce goods and services that are beneficial to the Defence Forces and the general public through its subsidiaries and joint ventures.
General (Rtd) Joram Mugume, Board Chairman, commended the outgoing board for their hard work and commitment, which significantly improved NEC’s performance and led to notable achievements.
Lieutenant General James Mugira, the Managing Director of NEC, expressed his optimism that the corporation will greatly benefit from the diverse expertise of its new Board members.
“The management looks forward to working closely with the board to take NEC to greater heights,” said Lt Gen Mugira.
The newly inaugurated board includes Gen (Rtd) Joram Mugume (Chairman), Prof. Charles Kwesiga, Lt Gen Charles Otema Awany, Lt Gen Kayanja Muhanga, Lt Gen Charles Okidi, Lt Gen James Mugira, Maj Gen Jack Bakasumba, Maj Gen David Mugisha, Mr. Francis Kahirita Ngabirano, Eng. Isaac Musasizi, Dr. Anna Rose Ademun Okurut, Dr. Joshua Mutambi and Mr. Hannington Ashaba.
