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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Uganda’s personal care manufacturing major, Movit Products Limited, has appointed Steven Mwesigwa as its incoming Group Managing Director, effective January 2025, CEO East Africa Magazine can exclusively reveal. He has previously been the Chief Commercial Officer, since January 2024. Before that, he was between October 2022 and January 2024 the Group CFO. In the Group Managing Director role, he will oversee Movit Group’s operations at the Uganda home base, as well as Tanzania, Kenya, Rwanda, Burundi, DRC, South Sudan and Zambia. Between June 2015 and May 2019 he was CFO of the Uganda operation. He later took a two-year break…
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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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Airtel Uganda Managing Director Manoj Murali is set to retire from telco this month, CEO East Africa Magazine can exclusively reveal. According to a notice sent to the telco’s senior management this week, that CEO East Africa Magazine has seen, “Manoj Murali will be leaving Airtel Uganda to pursue other interests outside of Airtel Africa, effective 30 October 2024”. “During his (Manoj’s) tenure, he was instrumental in providing leadership in Uganda and delivering business growth. Manoj joined Airtel Uganda in October 2020,” read the email. CEO East Africa Magazine understands that he resigned in July 2024 and has been serving…
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Cinnamon Solutions is a fintech company that digitises and automates the activities and financial records of Savings Groups, SACCOs, Investment Clubs, and VSLAs, has announced the appointment of Doreen Rutazaana as its new Chief Executive and Executive Director on the Board. The appointment is effective September 1, 2024. According to a company statement, Doreen brings over 20 years of experience in the banking industry, having worked extensively with SMEs, commercial enterprises, NGOs, and corporate institutions. “A seasoned leader, she specialises in Agribusiness, Women in Business, and Supply Chain Banking, with a proven track record in driving business growth, innovating banking…
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Vivo Energy Uganda, the company that distributes and markets Shell-branded fuels and lubricants, announced today that it has appointed Joanita Mukasa Menya its Managing Director of Vivo Energy Uganda. She assumes office effective September 1st 2024. She replaces Johan Grobbelaar who leaves to take on a new role within the Vivo Energy Group. The company said in a statement that under Johan Grobbelaar’s leadership, “Vivo Energy Uganda solidified its market-leadership position by expanding the Shell service stations network, launching sustainability projects, and driving innovation in its services”. “His commitment to operational excellence and customer satisfaction has been a driving force…
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Mbarara University of Science and Technology (MUST), has during its 99th Council meeting, appointed Vincent Kwatampora Kansiime as the new University Secretary, effective 1st July 2024. This follows the passing away of Theophilus Tibihika, the designated University Secretary in an accident along the Lira- Apac road in May 2024. He was due to take office on 01st July 2024. At the time of his death, Tibihika was the Lira City Town Clerk. Mr. Kwatampora succeeds Melchior Byaruhanga, who has served MUST for 27 years, 6 of them as University Secretary. According to a University media statement, Kwatampora brings a wealth…
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Nakasero Hospital, one of Uganda’s leading private healthcare providers has tapped Mulangira Geofrey to head its people function. Geofrey, has until his latest appointment, been the Human Resources Manager for Mengo Hospital- a member healthcare facility of the Uganda Protestant Medical Bureau (UPMB). He also served on the UPMB Executive Management Committee. UPMB is a faith-based national umbrella organization of all health facilities of the Protestant churches in Uganda. At a vital time when Nakasero Hospital is expanding both physically and in its services portfolio, he brings on board 17 years of working experience, 12 of them in senior leadership…
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The Board of Centenary Bank in Malawi has appointed Mr. Godfrey Byekwaso as the Acting Managing Director of Centenary Bank Limited, effective June 19, 2024. This follows the retirement of Mrs. Zandile Shaba who has been the Managing Director of Centenary Bank from 2017 to 2024. Centenary Bank Malawi is a subsidiary of Uganda’s Centenary Group, which also owns Uganda’s second-largest bank- Centenary Bank as well as Centenary Technology Services (CenteTech). Mr. Godfrey Byekwaso has been Deputy Managing Director of Centenary Bank Limited and according to a statement by the bank, “brings over 26 years of progressive experience in banking…
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To better fulfil its corporate purpose of transforming lives and businesses, dfcu Bank has hired Margaret Karume as its Chief Credit Officer. Margaret is a seasoned banker with over 30 years of experience. She started her three-decade banking career at Barclays Bank Kenya (now Absa Bank). She later joined NIC Bank (now NCBA Bank Group). She is well known for her leadership skills in the banking industry in Kenya and more recently in the United Republic of Tanzania, where she led the first voluntary merger between two legacy Banks giving rise to NCBA Tanzania Limited. She served on the board…
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