Mbire Appointed to Rift Valley Railways Board

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A Ugandan businessman, Charles Mbire, has been named to the board of Rift Valley Railways as the troubled company attempts to recover from a year of financial and managerial troubles. Rift Valley Railways (RVR) was granted the concession to manage the Kenya and Uganda railways corporations. However it fell foul of the two countries when it breached several provisions in the agreement, including those relating to payment of concession fees and maintenance of conceded assets. A statement from the Brown Odengo, the recently-appointed Executive Chairman of RVR, said Mbire will join the company as a non-executive director. HE said the appointment had been effected as part of RVR's overall strategy to rapidly ensure that the Kenya-Uganda railways concession becomes a safe, reliable and operationally efficient rail operation. Mbire chairs telecoms firm MTN Uganda and sits on the Uganda Presidential Investment Forum. He also serves as a director of Eskom Uganda, which operates two hydroelectric power stations. He is also a trustee of Kabale University of Uganda and a member of the World Economic Forum Global Agenda Council on HIV/Aids.

 

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