Published on 28/07/2025
Uganda Electricity Transmission Company Limited (UETCL) Board of Directors has appointed Eng. Richard Matsiko as the Acting Chief Executive Officer with immediate effect during its ordinary sitting on Thursday 24th July 2025This follows the resignation of Mr. Joshua Karamagi, CFA from his position as the Chief Executive Officer (CEO) of UETCL. The Board of Directors accepted the resignation.
Eng. Richard Matsiko is well respected in the Electricity Supply Industry with a rich background. He started his career as a Trainee Electrical Engineer at Uganda Electricity Board (UEB) on 1st March 1991, transitioned to UETCL as a Principal Protection Engineer and rose through the ranks to the position of the Deputy Chief Executive Officer, UETCL.
Eng. Richard Matsiko is also the Chairman Power Purchase Agreement Committee and also the Committee charged with delivering the new UETCL Towers (Head Office Building).
On behalf of the Board of Directors, I would like to thank Mr. Joshua Karamagi, CFA for his significant contribution to UETCL. During his time as the CEO, Joshua superintended over key projects like the Gulu -Agago 132 kV, Kole -Gulu-Nebbi- Arua 132 kV project and spearheaded the development of the five (5) year strategic plan of the Company, among other achievements. The Board wishes Mr. Joshua Karamagi the very best in his future endeavors.
Please join the Board in congratulating Eng. Matsiko and wishing him success in his new commission.
