Business 19 October 2026 Daily Monitor (Uganda)
Geoffrey Onegi-Obel, a titan of Ugandan finance, dies aged 70
Uganda's financial sector mourns the loss of Geoffrey Alan Onegi-Obel, a pioneering figure in long-term capital investment and former chairman of both the Uganda Securities Exchange and the NSSF Board. He passed away peacefully in Nairobi at the age of 70. Source: https://www.monitor.co.ug/uganda/news/national/pioneer-of-long-term-capital-and-former-nssf-board-chairman-onegi-obel-dies-at-70--5638150
Uganda’s professional and financial communities are in mourning following the death of Geoffrey Alan Onegi-Obel, a prominent lawyer and a driving force in the nation’s investment landscape. Mr. Onegi-Obel, who passed away on Sunday, October 18, 2026, at the age of 70, was recognized for his dedication to long-term, domestic capital investment.
His leadership was instrumental in establishing and shaping key financial institutions. He served as the founding Chairman of the Uganda Securities Exchange (USE) and also chaired the National Social Security Fund (NSSF) Board of Directors. During his tenure, he was a strong advocate for leveraging capital markets to foster national economic growth.
Beyond his roles in securities and social security, Mr. Onegi-Obel was also an investment banker and former publisher of The Financial Times of Uganda. His influence extended to UAP Financial Services Uganda Limited, where he served as a director. His commitment was to ensure that the capital markets consistently served as a robust engine for the country’s development.
Mr. Onegi-Obel’s father, the late Mr. Onegi Obel, was also a significant figure in Uganda’s economic history, serving as Deputy Governor and later Governor of the Bank of Uganda in the 1970s. Geoffrey Onegi-Obel passed away from natural causes while receiving medical treatment at MP Shah Hospital in Nairobi, Kenya.
Source: Daily Monitor (Uganda)