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TodayThursday, May 14, 2026

Uganda financial sector

Richard Byarugaba, former NSSF Uganda Managing Director and ex-Chairperson of the Uganda Securities Exchange, has been appointed Managing Director of Equity Asset Management, a new subsidiary under Equity Group Insurance Holdings Limited (EGIHL). The seasoned financial services executive returns to executive leadership to spearhead Equity Group’s expansion into asset and wealth management across East Africa.
Richard Byarugaba, former NSSF Uganda Managing Director and ex-Chairperson of the Uganda Securities Exchange, has been appointed Managing Director of Equity Asset Management, a new subsidiary under Equity Group Insurance Holdings Limited (EGIHL). The seasoned financial services executive returns to executive leadership to spearhead Equity Group’s expansion into asset and wealth management across East Africa.

EXCLUSIVE: Equity Group Insurance Appoints Former NSSF Uganda Managing Director Richard Byarugaba to Lead New Asset Management Subsidiary

Equity Group Insurance Holdings Limited (EGIHL) has appointed seasoned financial services executive Richard Patrick Byarugaba as the Managing Director – Asset Management, as the Group moves to establish and expand its footprint
May 14, 2026
#CEOOfTheWeek: Mumba Kalifungwa, Chief Executive of Stanbic Bank Uganda, speaks during the 2025 financial results release at Sheraton Hotel, Kampala—highlighting a breakout year in lending, with credit growth accelerating to 16.4%, up sharply from the 3–4% growth recorded in the previous years.

#CEOOfTheWeek: Mumba Kalifungwa — Unlocking Stanbic’s Lending Power to Drive Uganda’s Growth

When Mumba Kalifungwa stepped into the role of Chief Executive Officer at Stanbic Bank Uganda in March 2025, he inherited not just the country’s largest bank by assets, but a balance sheet
March 30, 2026
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Doreen Kyomugisha, the Chief Financial Officer of Sanlam Allianz General Insurance Uganda

Inside the Balance Sheet: CFO Doreen Kyomugisha on Building Capital Strength and Financial Discipline at SanlamAllianz General Uganda

Doreen Kyomugisha leads the finance function at SanlamAllianz General Insurance Uganda as Chief Financial Officer, helping steer one of the country’s most significant insurance integrations following the merger between Sanlam and Jubilee
March 12, 2026
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Under the leadership of Annet Nakawunde, Finance Trust Bank has continued to post growth in assets, customers, and outreach—demonstrating operational resilience and strategic focus even after transitioning to a lower banking licence.

Finance Trust Bank becomes a Tier II Credit Institution: 10 things you must know

To begin with, the licence downgrade was not the result of weak performance or regulatory distress. Rather, it stemmed from structural shifts in Uganda’s banking regulatory framework. In recent years, the Bank
February 5, 2026
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