Absa Bank Kenya PLC has announced the appointment of Mohammed Nyaoga, EBS, SC, as the new chairman of its Board of Directors, effective October 1, 2025. He will succeed Charles Muchene, who is retiring after serving his full nine-year term. Mr. Muchene’s tenure officially concludes on September 30, 2025. The New Chairman: A Profile Mr….
William Byaruhanga, Uganda’s former Attorney General, has acquired a significant 14.63% stake in Sidian Bank, a Nairobi-based financial institution. The acquisition, valued at KSh 1.03 billion (approximately UGX 28 billion), was made through his investment vehicle, Kenbe Investments. This strategic move positions Byaruhanga as the fourth-largest shareholder in Sidian Bank. The deal involved buying out…
Stanbic Bank Uganda has announced the appointment of Samuel F. Mwogeza as its Interim Chief Executive and Barbara Dokoria as Interim Executive Director, effective April 1, 2024. These appointments come as part of the bank’s strategic transition plan until permanent appointments are made for these positions. Mwogeza’s interim appointment follows the conclusion of Anne Juuko’s…
In a recent announcement, the Board of Directors of Diamond Trust Bank Uganda Limited has revealed the appointment of Mr. Godfrey Sebaana as the new Chief Executive Officer and Managing Director, effective April 2, 2024. Bringing over two decades of extensive experience in the banking sector, Mr. Sebaana is hailed as a seasoned banker. His…
In a strategic move to bolster its presence in East Africa, Standard Bank Group has announced the appointment of Anne Juuko, the Chief Executive of Stanbic Bank Uganda, as the Global Markets Regional Head for East Africa, effective April 1. Kayode Solola, the Executive Head for Global Markets—Africa Regions at Standard Bank Group, extended congratulations…
Ecobank Rwanda has announced a significant development in its leadership landscape with the appointment of Mr. Richard Mugisha as the Chairman of the Board of Directors. This pivotal change comes as Mr. Ivan Twagirashema, who dutifully served as Chairman for the past 4 years, retired in August 2023. Mr. Twagirashema is hailed for his adept…
Kevin Nandase Wagubi, a seasoned banker with extensive experience in both Human Resources and Business within the financial industry and with a career spanning 20 years has been appointed as the Head of Human Resources at Equity Bank Uganda. Previously serving as the Head of Human Capital Management at United Bank of Africa Uganda since…
Absa Bank Uganda Ltd has appointed Rachel Rwakatungu as its new Credit Director. With an extensive background in banking and financial services, business, and regulatory risk, Rwakatungu brings a wealth of experience to her new role. She has previously worked in Tanzania and South Africa, further enriching her sector expertise. Before joining Absa Bank Uganda…
