Geoffrey Onegi Obel

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Geoffrey Onegi Obel is a Ugandan economist and politician. The son of renowned Ugandan economist Onegi Obel, he became chairman of Uganda's National Social Security Fund (NSSF) in 2001 and during his tenure the fund achieved the largest growth in its history.

In 2003 he spoke out about "how cash is the missing ingredient in the recipe for the country's economic development" in reference to the Ugandan economy relying on donor funding and taxes derived from imports.[1] Under the NSSF, Obel attempted to raise foreign investment and advance the regulation of the Bank of Uganda to improve national savings.

His efforts towards developing the economy and instructure of Uganda and corporate interests has often led to conflict and in 2006, for instance, he was involved in a legal battle over the construction of a bridge which jeopardized the liveihoods of local farmers.[2]

He is no longer the head of the NSSF and has since moved on to become director of [ UAP Financial Services ], an organization which is one of the only nine members of the Ugandan Securities exchange and is licensed by the Capital Markets Authority to offer various services related to the capital markets industry in Uganda.[3]

References[edit]

  1. ^ Ryan, Orla (March 5, 2003). "Uganda seeks help in saving". BBC. Retrieved September 6, 2009. 
  2. ^ "Onegi Obel, Achwa Valley and Ranch Ltd vs The Attorney General and Gulu District Local Gov". Uganda High Court. Retrieved September 6, 2009. 
  3. ^ "Introduction and Overview". Made in Africa. Retrieved September 6, 2009.