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Congratulations upon what is your first full year results⏤ strong double-digit growth across all the major fundamentals. First of all, this was your first assignment as CEO; in a new market and working with new people⏤ looking back, in October 2022 when you took on the assignment, what were your fears and have they come to pass? When I confirmed that I was taking up this job, one of my friends sent me an article about my predecessor. They said I had really big shoes to fill. Indeed it was a great legacy. I had to figure out where to…
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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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Finance Trust Bank, has today released its 2021 financial performance results, reporting yet another year of strong growth. According to the results, the bank, despite a challenging 2021, registered double-digit growth in most of its business fundamentals. As a result, the bank set new record highs in its 9-year history since it was granted a commercial banking license in 2013. Net profit after tax grew by 57% from UGX5.8 billion in 2020 to UGX 9.16 billion in 2021— the highest ever. This was on the back of equally strong growth in total income— by 23%, from UGX75.2 billion to UGX92.6…
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