Stephen Kaboyo named Czech Republic consul to Uganda

Financial markets consultant Stephen Mpuuga Kaboyo has been appointed the Honorary Consul of the Czech Republic in Uganda.

Kaboyo, who is currently the chief executive of Alpha Capital Partners, was appointed by Czech Republic's Foreign Affairs minister Tomáš Petříček on June 23.

Sam Kutesa, Uganda's minister of foreign affairs, approved the appointment, according to an August 4 letter.

"And we having approved this appointment according to the commission before mentioned, do hereby recognize him (Kaboyo) as such and declare him free to exercise such functions, power and privileges as are allowed by the law of the land," reads the letter signed off by Kutesa.

Honorary consuls are usually citizens of the host country, designated by a foreign government to look after the affairs of its citizens.

Kaboyo told New Vision that his primary responsibility is to promote trade and investment between Czechia and Uganda.  

"There is a lot that Uganda and Czech can do. The Czech Republic is a highly industrialised economy and very diversified. It is a member of the EU. My focus will be in agribusiness, health, and education, for instance, they have the best universities in Europe," Kaboyo said. 

"Trade between Uganda and Europe still remains low. Finding markets for our exports will be one of my priorities. I will also be working hard to attract inward investment," he added.  

The company he heads, Alpha Capital Partners, deals in sovereign asset management, foreign exchange trading strategies and financial sector advisory. 

He is a graduate of McPherson College, McPherson Kansas, and has undergone extensive professional training in several Business schools around the world. 

He has also served as an intermittent expert for IMF, participating in international missions providing technical assistance in developing financial systems. 

In addition, Kaboyo is Chairman of the Total Uganda Advisory Board, Chairman Sino Uganda Special Economic Zone, Non-Executive Director Uganda Re and is the Resident Advisor Loon/ Alphabet, a Google company.  

He is also the chairman of the Nile Competitiveness Initiative - an Advisory Group set up by President Museveni to advise him on how to accelerate investment, production and productivity in the ministries of trade and export, agriculture, the financial sector and public service.