Appointments

Former Ethiopian Airlines CEO Girma Wake named interim head of Uganda Airlines

Former Ethiopian Airlines CEO Girma Wake named interim head of Uganda Airlines
Wednesday, 18 February 2026 10:27

The appointment of a new chief executive at Uganda Airlines comes at a time of heightened expectations, as Ugandan authorities seek to restore the national carrier’s financial and operational credibility while strengthening its role in regional integration and the country’s international connectivity.

Girma Wake, former chief executive of Ethiopian Airlines, has been appointed consultant and interim CEO of Uganda Airlines, replacing Jenifer Bamuturaki, who resigned last month.

According to local media, a directive from President Yoweri Museveni dated February 13, 2026, and addressed to Transport Minister Katumba Wamala, cited “current weaknesses in the leadership and management of Uganda Airlines” as the reason for the change.

Persistent Losses Since Relaunch

Relaunched in 2019, Uganda Airlines has accumulated losses despite being positioned as a driver of air transport, tourism and trade. In August 2025, management projected losses would rise 14% for the fiscal year under way, after losses had already reached 237 billion Ugandan shillings (about $67.1 million).

Beyond its debt burden, the carrier faces technical problems and fleet constraints, even as demand has grown alongside the expansion of its network. The situation has led to increased flight delays and cancellations. Reports by the auditor general and investigations by state agencies have also raised concerns about procurement practices and staffing structure, local media said.

Wake led Ethiopian Airlines from 2004 to January 2011 and was recalled in April 2022 to chair its board. He is widely credited with overseeing the airline’s transformation into Africa’s largest carrier and a competitor to major international airlines. He also served as chairman of RwandAir’s board.

Henoc Dossa

On the same topic
Coris Holding appoints Herminalda Rodrigues CEO of Cape Verde’s BCA Lionel Ouédraogo named deputy general manager overseeing finance and...
Félix Tshisekedi has named Baraka Kabemba to lead Gecamines as the state miner prepares to play a pivotal role in implementing the Democratic Republic of...
Mike Cinnamond to succeed Clive Johnson as C.E.O. on June 4 Move follows succession plan as Johnson retires after nearly two...
Mantengu CEO Mike Miller resigns effective Feb. 28 Deputy CEO Magen Naidoo to take over March 1 Leadership change amid growth at Langpan chrome...
Most Read
01

Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...

Senegal Launches $360 Million Regional Bond Sale
02

Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...

As Hormuz and Suez Tensions Escalate, Africa Faces a Potential Energy and Trade Shock
03

Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...

Nigeria Advances Banking Reform With Strong Recapitalization Progress
04

DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...

DRC seeks ITC support to advance battery mineral value chains
05

Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...

Algeria’s NESDA, ASICOM Sign SME Investment Deal; Funding Details Unspecified
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.