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Josephine Okui Okwakol Ossiya CPA, FCCA, MBA, has been appointed as the next Chief Executive Officer of Uganda’s Capital Markets Authority (CMA). She replaces Keith Kalyegira who has been the CMA Chief Executive since December 2013 and his two-term office has elapsed. Established in 1996 under the Capital Markets Authority Act (Cap 84), the CMA promotes, develops and regulates Uganda’s capital markets industry. One of Uganda’s most respected and trusted finance professionals and business leaders, Josephine Ossiya brings to CMA a 27-year finance career and a wealth of management, finance and accounting as well as project management skills. As a…
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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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Members of Parliament on the Ad hoc Committee on Bujagali Hydropower Project have discovered what they described as inconsistencies in the ownership and registration of Bujagali Electricity Company Limited. The legislators established that the company won a multi-billion contract before it was even registered. The committee also found out that the original owners of the projects forfeited their shares when the company was incorporated. Officials from Bujagali where on Thursday, 04 August 2022 appeared before the Adhoc committee investigating the operations of Bujagali. The committee seeks to ascertain the Government of Uganda equity contribution on Bujagali, return on investments and…
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CPA Constant Othieno Mayende is the new Institute of Certified Public Accountants of Uganda (ICPAU) president. Mayende was elected during the Council of the ICPAU’s 26th Annual general meeting together with CPA Josephine Ossiya as Vice President. The election comes after the High Court ruling delivered by Justice Musa Sekaana on 23 July 2021. The Court determined that the Elections Committee had successfully concluded the elections and declared members that were to constitute the new Council, in accordance with the provisions of the Accountants Act, 2013, and therefore the new Council is lawfully sanctioned to transact the business of ICPAU. CPA…
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