M7 Museveni Reappoints Josephine Okui Ossiya On BoU Board - Parliament Vets.

President Yoweri Museveni has reappointed CPA Ms.  Josephine Okui Okwakol Ossiya, as a board member Bank of Uganda (BOU).

Ms. Josephine  Okui Ossiya today 6th July 2023, appeared before vetting committee at parliament for vetting.

The Appointments Committee of Parliament interacted with Ms. Josephine Okui Ossiya who was reappointed to serve as a Member of the Board of Directors of Bank of Uganda.

The report of the Committee will be transmitted to the Appointing authority as dictated by the rules.

These mainly include the relative stability of the foreign exchange rate and the control of inflation “within manageable levels.

Atingi-Ego has also maintained BOU’s stance against the high borrowing rates and the size of public administration.

President Museveni has for more than two years kept the country guessing as to why the appointment of Mutebile’s replacement was taking too long and who the next head of the government’s banker would be.

The Deputy Speaker of Parliament, Thomas Tayebwa confirmed that Ossia underwent the vetting session by Parliament’s Appointments Committee.

“The Committee will communicate its decision to the appointing authority,” said Tayebwa in a tweet.

Who is  Ms. Ossiya?

Ossiya, a Certified Public Accountant is one of the seven members of the Board of Directors of BOU, and chairs the Strategy and Finance Committee of the Board (SFCB) and sits on the Audit and Governance Committee.

This strategic and finance committee “ensures that the financial resources of the Bank are appropriately deployed to meet BOU’s strategic priorities. It also provides oversight of risk and IT governance.

She is a Fellow of the Association of Chartered Certified Accountants UK, and a member of the Institute of Internal Auditors Inc. US and member Institute of Certified Public Accountants of Uganda (ICPAU).

She also holds a Master’s Degree in Business Administration (International Business). She was appointed a member of the new Governing Council of ICPAU last month.

Ossiya also sits on the board of Britam Holdings Ltd, an insurance solutions company, and has also worked as Chief Finance Officer at Bujagali Energy Ltd.

She has an experience of more than 20 years as a practicing accountant, working as a partner at Rona & Partners Certified Public Accountants in areas of finance, audit, treasury management, risk management, general management, and board governance.