A photo montage of incoming Acting Executive Director Sarah Byabazaire at Financial Sector Deepening Uganda, and outgoing Executive Director Patrick Oketa

The Financial Sector Deepening Uganda Board, has in the interim, appointed Ms. Sarah Byabazaire, the current Chief Operating Officer (COO), to assume the role of Acting Executive Director. 

Ms Byabazaire takes over from Patrick Oketa following the conclusion of his contract on June 15, 2024. 

“The priorities and values of the organisation remain unchanged. We are counting on your usual support to Ms Byabazaire and the rest of the FSD Uganda team during this time and beyond in our quest to improve the financial sector. We are confident that she will capably hold down the fort during this period,” a statement from the Board reads in part. 

During his two-year tenure, the Board hailed Mr. Oketa’s valuable contributions to the organisation are in line with the mandate to promote access to quality, low-cost financial products and services for marginalised groups while creating opportunities for Ugandans to be economically self-sufficient. 

Considering the transition, the FSD is initiating the recruitment process to identify a new Executive Director who will not only embody the core values of FSD Uganda, but also possesses extensive expertise in financial inclusion, the digital economy, and access to finance. 

“Our aim is to appoint an individual who can effectively lead our organisation and drive impactful initiatives aimed at promoting gender-inclusive access to finance and digital financial inclusion,” the Board concluded. 

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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