Mbiire is new USE chairman

Friday November 5 2010

By Walter Wafula

Mr Charles Mbiire, the chairman MTN and Invesco Uganda, has been appointed the new chairman of the governing council of the Uganda Securities Exchange (USE).
He takes over from Mr Samwiri Njuki, a director of Equity Stock Brokers and chairman of KCB Uganda.

Mr Mbiire was elected on Wednesday at the USE’s 99th Governing Council meeting, Mr Joseph Kitamirike the USE chief executive officer, said on Wednesday.
“He emphasised the pivotal role of the Exchange in the financial sector and the wider economy.”

The Exchange has 13 listed and cross-listed companies including; Stanbic Bank, Bank of Baroda, Nation Media Group, and Kenya Airways and is a key vehicle for corporate financing and wealth creation for individuals.

Upon his appointment, Mr Mbiire called for the strengthening of the Exchange and opening up its investment opportunities to Ugandans. “Mr Mbiire brings a wealth of experience to USE owing to his standing in local, regional, and international business and policy advocacy arenas,” Mr Kitamirike noted.

He holds positions in Uganda’s private sector and several directorships including; Eskom, Ecobank and is a Trustee of Kabale University.