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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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To guide and accelerate the standardised adoption of Environmental Social Governance (ESG) best practices, the Uganda banking industry, under the Uganda Bankers’ Association (UBA), has launched and committed to jointly implementing an industry-wide ESG framework. The framework is also in line with a Bank of Uganda-led move to champion the process of integrating ESG and sustainability principles into the operations of supervised financial institutions. The launch which took place on the 4th of June 2024, at Katonga Hall, Serena Hotel, was presided over by Dr. Michael Atingi-Ego, the Deputy Governor, Bank of Uganda. Also in attendance were representatives from the…
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Chioma A. Mang, the Managing Director/CEO of United Bank for Africa in Uganda, has turned down an appointment by the Central Bank of Nigeria (CBN) to take up the Executive Director role at the troubled Keystone Bank. Following the January 10th 2024 dissolution of the Board and Management of three Nigerian banks- Union Bank, Keystone Bank, and Polaris Bank, CBN announced that it had appointed Chioma A. Mang as the Executive Director of Keystone Bank. Hassan Imam was appointed Managing Director/ Chief Executive Officer of Keystone Bank. CBN also appointed Yetunde Oni and Mannir Ubali Ringim as Managing Director/Chief Executive…
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Airtel Mobile Commerce Uganda Limited (AMCUL) the mobile money and digital payments arm of Airtel Africa Plc needs to overhaul its outdated mobile money system to a more dynamic and secure system if it is to avoid repeated hacks in which billions of money have been stolen- an ICT and Cyber Security expert familiar with the AMCUL system has told CEO East Africa Magazine. The expert was commenting on the recent “Root Cause Analysis Report” shared by AMCUL’s Chief Executive Officer, Mr. Japheth Aritho Kinyua with the CEOs and the ICT/Cybersecurity Committee of the Uganda Bankers Association (UBA). According to…
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After the 27th October 2022, digital fraud incident in which a number of banks lost several billions of shillings from their Airtel Money Wallets (OVAs) held at Airtel Mobile Commerce Uganda Limited (AMCUL), the mobile money company has spoken out, explaining how the incident happened. According to a very confidential letter to the Chief Executive Officers of Financial Institutions that belong to the Uganda Bankers Association (UBA), written by Mr. Japhet Aritho Kinyua, the AMCUL Chief Executive Officer, the heist was carried out by fraudsters with “detailed knowledge about the highly confidential configuration of the integration with partners” which they…
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Kenneth Kisambira, previously the Head, of Corporate & Commercial Banking at United Bank for Africa (UBA) Uganda, has been promoted to Executive Director- Business. He also joins the Bank board. Kenneth has over 15 years of banking experience spanning corporate & commercial credit, accounting & finance, trade finance & structuring, business strategy execution and implementation, corporate governance and team leadership. UBA Uganda Board of Directors Chairman, Mr. Mustapha Kigozi Ssebagala inducts Kenneth Kisambira into the board. Before joining UBA, Kenneth spent 8 years at I&M Bank Uganda rising to become, Head, of Corporate Banking. Here he was charged with providing…
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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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Arapta takes over from Mathias Katamba, the Managing Director of dfcu Bank, whose two-year term (2020 and 2021) has elapsed. Arapta has been Katamba’s deputy on the outgoing committee which also included Mr. Varghese Thambi, the Chief Executive Officer of Diamond Trust Bank as the treasurer as well as Sam Ntulume the Executive Director, of I&M Bank Uganda as the Auditor. Mr Albert Saltson the CEO Emeritus of Standard Chartered Bank and Ms. Veronicah Gladys Namagembe, CEO of Pride Microfinance, have been Committee Members. The new Arapta Committee has Julius Kakeeto, CEO, of Post Bank Uganda, as the Vice-Chair, while…
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Members of the Uganda Bankers’ Association (UBA) held their Annual General Meeting on the 13th of May 2022 and elected Sarah Arapta, as the new Chairperson of the association’s Executive Committee. Arapta, the Chief Executive Officer of Citibank Uganda, takes over from Mathias Katamba, the Managing Director of dfcu Bank, whose two-year term (2020 and 2021) has elapsed. Arapta has been Katamba’s deputy on the outgoing committee which also included Varghese Thambi, the Chief Executive Officer of Diamond Trust Bank as the treasurer as well as Sam Ntulume the Executive Director, of I&M Bank Uganda as the Auditor. Albert Saltson,…
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