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TodaySunday, April 26, 2026

Michael Segwaya

A photo collage of Uganda's 40-ready CEOs. They are exceptional executives shaping Uganda’s corporate future. From banking to oil and gas, insurance, and pharmaceutical, these CEO-ready leaders are poised to take top roles in the next 5 years.
A photo collage of Uganda's 40-ready CEOs. They are exceptional executives shaping Uganda’s corporate future. From banking to oil and gas, insurance, and pharmaceutical, these CEO-ready leaders are poised to take top roles in the next 5 years.

CEO-Ready: Uganda’s Rising Business Leaders to Watch in the Next 5 Years

Uganda no longer lacks CEO-ready talent; it is overflowing with it. From the commanding floors of leading banks and insurance firms, to the boardrooms of fast-moving consumer goods companies, oil and gas
August 22, 2025
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
Some of the key speakers at the Ugandan Marketers' Society (UMS) Annual Marketers’ Fireplace. Left-Right: Joanita Menya Mukasa, Managing Director of Vivo Energy Uganda; CPA Micheal Segwaya, Executive Director, Absa Uganda; Catherine W. Ndungu, Director of Marketing & Innovation, Uganda Breweries Limited; Charity Winnie Kamusiime, President Uganda Marketers Society and Marketing Manager dfcu Bank; Nanzala Mwaura, Chief Growth Officer at Ipsos Uganda and Conrad Mbaziira, Financial Controller, NSSF Uganda.

Ugandan Marketers Tipped On Executing With Excellence At 6th Edition Of The Annual Marketers’ Fireplace

Ugandan marketers converged on Friday last week at Protea Skyz Hotel in Kampala for the Annual Marketers’ Fireplace, their most significant event of the year, to discuss marketing excellence and driving business
December 14, 2024
Mumba Kalifungwa, Absa Bank Uganda’s Managing Director, since April 2020. Over and above steering the bank through the pandemic, he has been able to, through these three years, grow the bank’s deposits base, by a CAGR of 4%, lending by a CAGR of 5.5% and total assets by a CAGR of 7.3%.
Mumba Kalifungwa, Absa Bank Uganda’s Managing Director, since April 2020. Over and above steering the bank through the pandemic, he has been able to, through these three years, grow the bank’s deposits base, by a CAGR of 4%, lending by a CAGR of 5.5% and total assets by a CAGR of 7.3%.

MUMBA KALIFUNGWA: Absa Bank Uganda’s 2022 performance manifests our obsession with our customers’ and stakeholders’ growth

For many of us, 2022 seemed like the year we had been hoping for. We were going to put the pandemic behind us and find some sort of return to normalcy. Unfortunately,
April 19, 2023
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L-R: Musa Jallow - Absa Uganda Retail Director, Tetteh Ayitevie - Prudential Uganda CEO, Michael Segwaya - Absa Uganda ED & CFO & Sheila Sabune - Prudential Uganda CCO during the press conference

Absa Uganda, Prudential Uganda Unveil Affordable Life Insurance Policy for Families

Absa Bank Uganda and Prudential Uganda have today launched the Absa Family Protection Plan, a life insurance policy, designed to help families plan for the financial needs faced during the loss of
May 11, 2022
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Absa Bank Uganda Managing Director, Mumba Kalifungwa (left) and Michael Segwaya, the Executive Director and CFO releasing the results, yesterday at Kampala Sheraton Hotel. PHOTO/Courtesy

FORCE OF GOOD: Absa posts UGX41 billion profit, despite restructuring UGX260 bn loans and increased Covid-19 and rebranding costs

Absa Bank Uganda, yesterday, 20th April 2021, released their 2020 annual results, reporting a profit of UGX41 billion and growth in revenue to UGX316 billion. This is Mumba Kalifungwa’s first results, since
April 21, 2021
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