EAST AFRICA – East African Breweries Limited (EABL), a regional leader in beverage alcohol, has appointed Mr. Felix Okoboi as an Independent Non-Executive Director with effect from 30th May 2023.
Felix is an experienced finance and investments professional, with over 25 years of local and international finance, development finance, real estate, and project management experience having worked in various roles in the U.S.A, Europe, and Uganda.
A statement by EABL Secretary Kathryne Maundu said Mr. Felix Okoboi is passionate about impact investing and sustainability and specializes in advisory work in the Distressed Assets, Real Estate, and Equity Investments space.
Mr. Okoboi has held several leadership positions in his career. He is currently the Board Chairman of Uganda Development Bank, Agricultural Business Initiative (aBi), and Britam Insurance Uganda.
He is also the Chairman of the Investment Committee of the Yield Uganda Investment Fund, Uganda’s largest Impact Equity Investment Fund for Agribusiness.
Interestingly, Mr. Okoboi is entering a new field of beer business where he hopes his finance skills will come in handy.
He holds an MBA in Finance from The Wharton School and a Master of Arts in International Studies from the University of Pennsylvania.
Mr. Okoboi is also a graduate of the Aachen University of Technology (RWTH Aachen) in Germany where he obtained a Bachelor’s degree and a Master’s degree in Engineering with a major in Architecture.
But it seems the MBA (finance option) has had a strong pull on his career, driving him deep into high finance.
Mr. Okoboi was previously Chief Executive Officer of Uganda’s National Housing and Construction Company, Financial Sector Advisor to KfW Entwicklungsbank (German Development Bank), and Executive Director/Head of Investments of First Renaissance Securities, previously Renaissance Capital, a member of the Uganda Securities Exchange.
Before that, he was a Vice President with Kalahari Advisors LLC (now Kalahari Capital Partners), a US private equity firm, and an investment banker in the Leveraged Finance group at Wachovia Securities (now Wells Fargo Securities).
During this time, he worked on and executed acquisitions, refinancing, and recapitalizations, among other transactions.
Before he worked on Wall Street, Mr. Okoboi was a Project Manager and Architect for a leading regional consultancy, responsible for overseeing the execution of several multimillion-dollar projects.