30th July 2024 the Honourable Minister of Defence and Veteran Affairs, Jacob Marksons Oboth-Oboth, has today charged the newly constituted Board of Directors of the National Enterprise Corporation (NEC) to prioritize the Corporation\u2019s prosperity, growth, and long-term sustainability, while remaining steadfast in their commitment to their statutory responsibilities.
\u201cI expect total accountability, as it fosters acceptance and respectability among investors for the Enterprise.\u00a0 Both business prosperity and accountability are paramount in every Corporation\u2019s strategic thinking, planning, and activities, \u201csaid Hon Oboth-Oboth
Minister Oboth-Oboth made these remarks at the inauguration of the new Board of Directors, held at the NEC Headquarters in Bugolobi, Kampala.
\u00a0The Minister tasked the Board to guide the Corporation towards realizing its purpose in support of the Uganda People\u2019s Defence Forces'( UPDF) goals, through engaging in activities that contribute to Uganda\u2019s development, as mandated by the Constitution.
NEC is the commercial arm of the Ministry of Defence and Veteran Affairs\/Uganda Peoples\u2019 Defence Forces for production of goods and services that are beneficial to the Defence Forces and the general public through its Subsidiaries and Joint ventures.<\/p>\n\n\n\n
Gen (Rtd) Joram Mugume, the new Board Chairman, commended the outgoing Board for their hard work and commitment, which significantly improved NEC\u2019s performance and led to notable achievements.
Lt Gen 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.
\u201cThe management looks forward to working closely with the board to take NEC to greater heights,\u201d 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.<\/p>\n","protected":false},"excerpt":{"rendered":"
30th July 2024 the Honourable Minister of Defence and Veteran Affairs, Jacob Marksons Oboth-Oboth, has today charged the newly constituted Board of Directors of the National Enterprise Corporation (NEC) to prioritize the Corporation\u2019s prosperity, growth, and long-term sustainability, while remaining steadfast in their commitment to their statutory responsibilities.\u201cI expect total accountability, as it fosters acceptance […]<\/p>\n","protected":false},"author":1,"featured_media":1751,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,31],"tags":[],"class_list":["post-1750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-government"],"yoast_head":"\n