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TodaySunday, May 03, 2026

Keith Kalyegira

David Wandera, Managing Director of Absa Bank Uganda — the first Ugandan to lead the bank in its over 90-year history — whose first full year at the helm delivered a 25% surge in profits, 46% growth in deposits, and a balance sheet that crossed the UGX 7 trillion mark, signalling a new phase of scale, discipline, and momentum.
David Wandera, Managing Director of Absa Bank Uganda — the first Ugandan to lead the bank in its over 90-year history — whose first full year at the helm delivered a 25% surge in profits, 46% growth in deposits, and a balance sheet that crossed the UGX 7 trillion mark, signalling a new phase of scale, discipline, and momentum.

25% Profit Growth, 46% Deposit Surge, 29% Asset Expansion: Inside David Wandera’s Breakout Year at Absa Uganda

When David Wandera officially stepped into the role of Managing Director of Absa Bank Uganda in May 2025, the appointment marked far more than a routine leadership transition—it signaled a defining moment
April 15, 2026
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Interim Managing Director David Wandera (left) and Executive Director & CFO Michael Segwaya (right) during the presentation of Absa Bank Uganda’s 2024 financial results at the Kampala Sheraton Hotel. The two executives unveiled a strong 22% profit growth to UGX 178 billion and reaffirmed the bank’s commitment to sustainable value creation, sector-focused lending, and inclusive economic growth across Uganda.

Absa Bank Uganda Reports UGX178bn in Net Profit, Backed by Strong Double-Digit Growth Across Key Fundamentals

Absa Bank Uganda has announced robust financial performance for the year ended December 31, 2024, registering a 22% increase in net profit to UGX 178 billion, up from UGX 145.76 billion in
April 17, 2025
Hon. Dr. Chris Baryomunsi, Uganda’s Minister of Information, Communications Technology and National Guidance (3rd right), joins Standard Chartered Bank Board Director, Eng. Dr. Dorothy Kabagaju Okello (4th right) and CEO, Sanjay Rughani (2nd right) as well Keith Kalyegira, the CEO of Capital Markets Authority (extreme right) and other guests at the SC Shilingi Funds Launch.

PRODUCT OF THE WEEK: SC Shilingi Funds- Standard Chartered Bank’s newly launched digital investment solution that lets clients invest as low as UGX20,000

Standard Chartered Bank has launched the SC Shilingi Funds⏤ a low-ticket money market fund for Standard Chartered Bank clientele that is 100% digital and available on the SC Mobile app. SC Shilingi
July 4, 2023
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Keith Kalyegira, CEO, Capital Market Authority. He says he would like to see more Ugandans choose Collective Investment Scheme as their investment vehicles of choice regardless of the size of their savings.

Uganda’s Collective Investment Scheme Assets Cross UGX1 Trillion

The Capital Markets Authority (CMA) has attained UGX1.15 trillion in Assets Under Management (AUM) by licensed Collective Investment Scheme (CIS) managers, representing savings mobilized from Ugandans. This is a major milestone in
May 18, 2022
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