The Chief Executive of the Stanbic Business Incubator, Mr Tony Otoa, has been appointed the Chief Corporate Affairs Officer of the Uganda National Oil Company (UNOC), a government of Uganda-owned company that runs its commercial interests in the upstream, midstream, and downstream oil and gas sector.
Otoa leaves Stanbic after nearly six years at the helm. He confirmed his departure on Monday.
“Comrades, it’s with a mix of emotions that I share this message with you all. After 6 incredible years as founding Chief Executive of the Stanbic Business Incubator Ltd, a subsidiary of Stanbic Uganda Holdings Ltd., the time has come for me to embark on a new journey. This decision was not easy. Stanbic has been a significant part of my professional life, and I am immensely proud of what we have accomplished together,” he wrote on his X page.
“The support, dedication and hard work of each one on my team and the Stanbic family as a whole. Special thanks to Patrick Mweheire who brought me into the family. Guided me and supported me with much love. I want to express my gratitude to everyone at Stanbic Ugandan Holdings Ltd., the Stanbic Business Incubator team and our stakeholders for their unwavering support and commitment over the years. Your contributions have been invaluable, and I am confident that the Stanbic Business Incubator will continue to thrive under new leadership.
As I embark on this new chapter, I carry with me the lessons, experiences, and memories from my time at Stanbic. I am excited about the opportunities that lie ahead and remain committed to supporting the growth and success of our entrepreneurial ecosystem. Thank you all for being part of this incredible journey. I look forward to staying connected and witnessing the continued success of Stanbic Business Incubator,” he added.
Before joining Stanbic, Mr Otoa was the national content manager at Total E&P. He has also worked at Oxfam GB, Monitor Publications, and the Advocates Coalition for Development and Environment (ACODE).
He holds a BSc in international relations and a master’s degree in law, both from the United Kingdom’s Oxford Brookes University.