When Soumendra Sahu took over as Managing Director and Chief Executive Officer of Airtel Uganda in December 2024, he stepped into one of the most competitive, politically sensitive, and fast-evolving…
The cardiology specialist on courage, focus, introverted leadership and finding her ikigai In this instalment of our Letters to My Younger Self series, Dr. Amanda Kamatamu Mbonye reflects on a…
At a glance, the careers of Uganda’s leading executives appear polished, intentional and perfectly sequenced. The kind of journeys young professionals imagine when they picture success. But behind the confidence…
In the second instalment of our Letters to My Younger Self series, Jackie Namara, a Chartered Marketer, reflects on a life and career that has spanned more than 25 years…
The Association of Chartered Certified Accountants (ACCA) Uganda and Deloitte Uganda last evening hosted the 9th Edition of the Chief Financial Officer (CFO) Awards at the Kampala Serena Hotel, celebrating...
The financial profession is undergoing a seismic shift. The age-old notions of bookkeeping and audit trails have given way to a dynamic era where finance leaders are pivotal in shaping strategy, driving innovation, and leading organisations into the future. During a conversation hosted by CEO East Africa Magazine, Charlotte Kukunda, Country Manager of ACCA Uganda, and Joseph Ssekabira, Associate Director at Deloitte Uganda, shed light on the evolving landscape of finance leadership. The Expanding Role of CFOs Traditionally seen as guardians of numbers, Chief Financial Officers (CFOs) now serve as strategic advisors and organisational architects. Joseph Ssekabira emphasised that today’s…
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Hardly two years after arriving in Uganda to take up her very first CEO role at Uganda’s largest telco, MTN Uganda, Sylvia Mulinge has emerged as Uganda’s most admired CEO, in the CEO East Africa Magazine’s inaugural 100 Leading & Most Admired CEOs In Uganda Survey. The 2-in-1 CEO East Africa Magazine’s Most Trusted and Respected Companies & The Most Admired CEOs in Uganda Survey 2024 is part of the magazine’s thought leadership agenda that seeks to create a body of knowledge on what exactly great companies and great leaders are made of, as well as recognise them. “This, we…
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Relocating to Uganda, moving from Safaricom in Kenya to MTN Uganda, was a journey of many firsts for the MTN Uganda chief executive officer, Ms Sylvia Mulinge. The first hurdle for this fitness enthusiast was finding a house and then a gym. Once that was done, the rest of the dominos started falling in place. Ms Mulinge replaced Wim Vanhelleputte, who was promoted to regional executive responsible for operations in Congo-Brazzaville, Guinea-Bissau, Guinea-Conakry and Liberia. One cannot help but veer off a bit to celebrate the journey that it has been for Ms Mulinge, who recently marked three years at…
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Stanbic Bank Uganda has confirmed that it has appointed Mumba Kenneth Kalifungwa as its Chief Executive and, by extension, a member of the Board of Directors, effective March 1, 2025. According to a media statement released by Stanbic this morning, Mumba’s appointment has already received the required regulatory approvals. Daily Monitor, Uganda’s leading independent daily, last week broke the news that Mumba, who is the current Absa Bank Uganda Managing Director, was due to be announced for the role. “Mumba brings to our team nearly 30 years of post-qualification experience, 20 of which have been in the banking sector, mostly…
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Joshua Karamagi was appointed Chief Executive Officer of Uganda Electricity Transmission Company Limited (UETCL) in March 2023, at the most unusual of times. He joined the government-owned electricity transmission company following the Board’s firing of the top leadership in August 2022. The Board that appointed him itself, was new since the Ministry of Finance, Planning & Economic Development (MoPED) fired the entire old board in April of the same year. The new board was led by Kwame Ejalu Ejuku, a respected and no-nonsense Ugandan entrepreneur and businessman in the non-banking financial sector. Over and above having to build a new…
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News is settling in, and the CEO East Africa Magazine has independently verified that the towering Mumba Kenneth Kalifungwa, previously the Managing Director at Absa Bank Uganda, is set to be the new Managing Director at Stanbic Bank Uganda. This ends months of speculation on who will be the next Chief Executive of Uganda’s largest bank by assets, deposits, profits and lending. Stanbic Bank at the end of 2023 had UGX6.33 trillion in deposits, UGX4.22 trillion in lending, and UGX9.26 trillion in assets. Total income was UGX1.26 trillion and net profit at UGX421.4 billion. Mumba, when he takes on the…
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United Bank for Africa (UBA) has appointed Kenneth Kisambira as its Managing Director/CEO for Uganda. Mr. Kisambira, who was previously the Executive Director since June 2022, replaces Ms. Chioma Mang, who has been the bank’s head since December 2020. Chioma Mang, early this year caused a stir in the market, when she briefly left Uganda to take up an Executive Director role at Nigeria’s Keystone Bank. She was on January 10, 2024 announced by the Central Bank of Nigeria as the new Executive Director of Keystone Bank, following the Nigerian central bank’s dissolution of the Board and Management of three…
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First, tell us about Paul Ssali I’m a Christian, husband to my beautiful wife, Joanita, and father of three children—one girl and two boys. I’m also a qualified public accountant, a member in good standing of the Institute of Certified Public Accountants of Uganda (ICPAU), and a fellow of ACCA. Career-wise, I am a partner with Deloitte Africa and the team Leader or Country Managing Partner for Deloitte Uganda. You are the Country Managing Partner of Deloitte Uganda and a Partner in Deloitte Africa. What is the difference? Deloitte’s relationship with Uganda dates back more than 60 years. We first…
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What do you consider your most significant accomplishments during your tenure as CEO of Airtel Uganda? Listing Airtel Uganda on the Uganda Securities Exchange was a historic moment for me, the business, and the country. I am particularly humbled that we presented the Airtel Story to institutional investors and retail investors, and they believed in us. The Airtel Uganda success story is now shared among employees, shareholders, business partners and suppliers. We have redefined the competitive market structure in Uganda. We have progressively closed the gap in customer and revenue market share. It is essential to recognise that Airtel Uganda…
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Rajiv Ruparelia, the Managing Director of the Ruparelia Group, one of East Africa’s largest multisectoral conglomerates, has been named a Choiseul 100 Africa 2024 laureate. Created in 2014 and now in its 10th edition, the Choiseul 100 Africa lists prominent and influential 100 business leaders under 40—the Economic Leaders of Tomorrow. According to Pascal Lorot, the President of Choiseul Africa, the 2024 list “honours leaders from diverse sectors such as new technologies, finance, energy, agriculture, and healthcare.” “This diversity reflects the continent’s economic richness and capacity to innovate in response to contemporary challenges. The laureates of the Choiseul 100 Africa…
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