9 January 2013

Rwanda: PSF Boss Steps Down

The chairman of the Private Sector Federation (PSF), Faustin Mbundu, is leaving the position to have time for his personal business.

Mbundu has served PSF as board chairman since July 22, 2011 when he was elected by general assembly for a-3-year term.

In an interview with The New Times, Mbundu did not indicate his last day on the job. But said: "I may leave, any other member of the board may leave and it wouldn't be a big deal because the institution is already strong."

The Chief Executive Officer (CEO) of PSF, Hannington Namara, said an official communication to the effect will be released later.

He argued that he has a committee to report to which is set to confirm something official.

Asked whether Mbundu's move won't leave a gap in the federation, Namara said, "Mbundu will be missed but the federation will keep standing firmly because he is part of a strong team of 18 members of board of directors".

Understandably, his resignation has to be endorsed by the board.

Copyright © 2013 The New Times. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.