Ugandans mourn as renowned banker and founder dies in Nairobi, tributes pour

Geoffrey Onegi-Obel, founding chairman of the Uganda Securities Exchange, dies at 70 in Nairobi, as tributes honour his lasting legacy in East African finance.

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Geoffrey Alan Onegi-Obel, the founding chairman of the Uganda Securities Exchange (USE) and a towering figure in East African finance, died on Sunday, October 18, 2026, at MP Shah Hospital in Nairobi, Kenya, where he had been receiving medical treatment. He was 70 years old.

His death was confirmed by CEO East Africa Magazine, which described him as one of the architects of Uganda's modern financial sector.

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The Uganda Securities Exchange also posted a formal statement of condolence on its official channels.

Source: Tuko