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I&M Bank Uganda has appointed Rutabanzibwa Lwanga as its new Head of Risk, effective October 2025. He takes over from Joseph Biryahwaho, who was recently elevated to the role of Group Head of Enterprise Risk for I&M Group Plc and now sits at the Group Headquarters in Nairobi. Lwanga joins the bank with 24 years of experience in Uganda’s banking sector, including 18 years in risk management, audit, internal controls, and governance. His career spans senior roles in both Stanbic Bank Uganda and Barclays Bank Uganda, where he built extensive expertise in enterprise risk management frameworks, operational risk oversight, internal…
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Kenneth Kisambira is the Head, Corporate & Commercial Banking at UBA Uganda since June of 2021 He has served in this position for slightly over one year. Kenneth is a Herriot-Watt alumni having been educated at the prestigious Edinburgh Business School Herriot-Watt University. Edinburgh Business School is the Graduate School of Business of Heriot-Watt University, Edinburgh, Scotland. Heriot-Watt University awards degrees by Royal Charter. It is located in Scotland in the United Kingdom (UK). Before his current position at UBA Uganda, Kenneth was the Head, Corporate Banking at Orient Bank Uganda for 8 years and 4 months Serving 5 years…
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Godfrey Muhindo has been appointed Chief Commercial Officer for MTN Mobile Money Uganda Ltd. Reporting to the Managing Director, he will be responsible for Corporate Sales, Mobile Money Distribution, Mono Pay Sales and Agent Servicing. Previously, Muhindo was Current Head of Merchant Portfolio at Airtel Mobile Commerce Uganda Ltd where he was in charge of driving the OTC- (Over the Counter) payments service strategy for Airtel Money.Godfrey is a financial services management specialist, deeply experienced in dealing with Corporate, Retail and Consumer Clients with a bias in Financial Technology and business development. He served at three commercial banks including; Barclays…
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Roselyn Najjuma is the Head, Transaction Banking at Standard Chartered Bank Uganda She joined the bank in 2020. Najjuma brings on board a wealth of experience and expertise in the financial services industry with regional expertise gained over a career spanning 15 years. She previously worked at Stanbic bank Uganda for 6 years having joined them as the Head, Products in 2014 overseeing the Lending, Liabilities, Card, Bancassurance and Vehicle and Asset Finance solutions for Personal and Business banking. She was later appointed the Head Customer Journeys tasked with leading the Stanbic’s innovation and digitisation agenda in 2018. Roselyn started…
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Absa Bank Uganda, a subsidiary of Absa Group Limited has today received the license to operateand trade under its new name from Bank of Uganda. Formerly known as Barclays Bank Uganda, the name change marks the start of a new era for the bank’s operations, one that sees the realisation of an ambition to become an independent African bank. The license was officially handed over to the bank’s Managing Director, Nazim Mahmood by Prof. Emmanuel Mutebile, Governor, Bank of Uganda at the Central Bank head office. “Today we begin a new chapter as Absa Bank Uganda Limited, adopting our parent…
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When it comes to migration, integration and rebranding, Barclays Bank has had a nasty experience in Uganda before. The 2009/10 integration of newly acquired Nile Bank into Barclays was such a pandemonium that at some point it sparked false fears that the bank was closing- but all that is in the past. Barclays Bank has since stabilized today. It is the 5th largest bank by assets, lending, customer deposits and profitability, with approximately 10% market share on all those parameters. It, in 2018 registered UGX2.8 trillion in assets, UGX1.2 trillion in lending, UGX1.8 trillion in deposits and UGX69 billion in…
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“The rebrand is in line with Barclays Bank of Uganda Limited’s parent company, Absa Group’s 2018 decision to rebrand all operations across the continent to Absa in a carefully managed programme that involves ongoing engagement and close co-operation with the relevant regulatory authorities. “ Barclays Bank of Uganda Limited is in the final preparations to change to Absa Bank Uganda Limited. The rebrand is in line with Barclays Bank of Uganda Limited’s parent company, Absa Group’s 2018 decision to rebrand all operations across the continent to Absa in a carefully managed programme that involves ongoing engagement and close co-operation with…
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The Pareto principle (also known as the 80/20 rule, the law of the vital few), according to Wikipedia, states that, for many events, roughly 80% of the effects come from 20% of the causes. It has since become an axiom of business management that “80% of sales come from 20% of clients”. RELATED: https://www.ceo.co.ug/2018-ugandas-19-banks-rake-in-ugx790bn-profit-5-banks-still-loss-making/ Mathematically, it is generally believed that…
The Uganda Financial Intelligence Authority (FIA), has formally placed former Bank of Uganda Executive Director, Supervision, Mrs. Justine Bagyenda under investigation over allegations that “the assets and finances she has…
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