Q&A: After 10 years leading Uganda’s Capital Markets Authority, what’s next for Keith Kalyegira? 20 years ago, Keith Kalyegira, had a comfortable job as the Operations Advisor & Commercial Manager- Aviation for Shell South Africa (Pty) Ltd. He then quit to take a public job, back home as the Head of the Parastatal Monitoring Unit, under the Privatisation Utility Sector Reform Project of the Government of Uganda. After nearly 5 years, he rejoined the private sector. He, among other roles worked in Rwanda as a Managing Partner of Momentum Capital, an investment advisory services company in Rwanda until September 2011. After that, he took up an assignment as the Strategic Advisor of the Energy Water and Sanitation Authority of Rwanda. He then bounced back in December 2013, to take up the CEO role at Uganda's Capital Markets Authority (CMA), the financial markets regulator. His two-term office has just ended. He will be replaced by Josephine Okui Okwakol Ossiya CPA, FCCA, MBA, who assumes office in February 2024. Dickson Ssembuya, the Director Research & Market Development has been appointed as the caretaker CEO until then.

October 30, 2023December 4, 2023

Keith Kalyegira, outgoing Chief Executive Officer, Capital Markets Authority.

After serving two terms in office, Keith Kalyegira will this December step down. In this interview with CEO East Africa’s Muhereza Kyamutetera, he shares a variety of insights on his time at the capital markets authority, what needs to be done to accelerate the growth of capital markets and what is next after CMA. Let us start with a recap of the last 10 years at the helm of the Capital Markets Authority (CMAs); what would you say were your highs, lows, and key milestones/achievements? I think the main achievement that I’m proud of is the decision we made to…

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