Joshua Karamagi Appointed Uganda Electricity Transmission Company CEO

The board of the Uganda Electricity Transmission Company Limited (UETCL) has appointed Joshua Karamagi as the new Chief Executive Officer (CEO).

Karamagi replaces George Rwabajungu who resigned in August 2022, according to a statement released by UETCL. Karamagi will assume his new role on March 1, 2023.

“The board and management of UETCL welcome Joshua Karamagi as the new incoming CEO who will assume office on March 1, 2023,” the company statement partly reads in part. Before this appointment, Karamagi had been serving at Uganda Electricity Generation Company Limited (UEGCL) as the chief finance officer, since 2015.

Karamagi is an accomplished finance professional and business leader with over 25 years of CFO experience, in energy infrastructure finance and investments; business consulting, audit, and assurance. At UEGCL, Karamagi is remembered for being a key member of the team that developed two major hydropower projects worth $2 billion.

Before joining UEGCL, he served in several senior positions in the public sector, including at Makerere University and National Social Security Fund (NSSF). He also previously served as an assistant commissioner (Treasury) at the Ministry of Finance, Planning, and Economic Development, where he was in charge of monetary and fiscal policy for Uganda’s budget.

Karamagi holds a Master of Business Administration from Edinburgh Business School, Heriot-Watt University, as well as a Bachelor of Commerce from Makerere University.