Mumba Kenneth Kalifungwa at the tail for 2024 was appointed as the new Chief Executive Officer of Stanbic Bank Uganda, a role he is now officially assuming today.
“I am delighted to join Stanbic Bank Uganda. With the support of my colleagues and stakeholders, this new role presents an opportunity to enhance leadership that creates a positive impact for our employees, customers, and the country as a whole,” Mumba stated after he was handed over the office by Patrick Mweheire, the Standard Bank Regional Chief Executive for East Africa.
Mumba takes over from Ms. Anne Juuko who held the position from March 1, 2020, until March 31, 2024.
Francis Karuhanga, Chief Executive of Stanbic Uganda Holdings Limited (SUHL), expressed confidence in Mumba’s leadership and thanked shareholders for their support during the transition. “The bank is our anchor subsidiary, and securing a substantive CEO is a significant milestone,” he said. “I extend gratitude to our stakeholders and stakeholders who have supported this process, and I invite them to partner with us in our continued efforts to drive Uganda’s growth.”
Stanbic Bank Board Chairman Damoni Kitabire commended the management team for maintaining stability during the transition period, underscoring the organization’s governance resilience.
“On behalf of the Board, I welcome Mumba to Stanbic Bank Uganda. I also commend our management team and the entire staff for the resilience they demonstrated throughout this transition,” Kitabire concluded.
Mumba brings to the team nearly 30 years of post-qualification experience, 20 of which have been in the banking sector, mostly in senior leadership roles covering business development, risk management, strategy formulation, and finance strategy in three African markets including Botswana, Zambia, and for the last five years—Uganda.
