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Home Business

I am ready for this new challenge, says new Stanbic CEO Kalifungwa

by Muhammad Ngobi
in Business, News
Reading Time: 1 min read
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Uganda’s financial sector has again been ranked as the highest growing within the East African region by the Absa Africa Financial Markets Index released on Tuesday in Kampala.

Mumba Kalifungwa.

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The newly appointed Stanbic Bank Uganda CEO, Mumba Kalifungwa has welcomed his appointment.

Mumba, who has been the Absa Bank Uganda was on Monday morning announced as the new Stanbic Bank CEO to replace Anne Jjuuko who was recently elevated.

Commenting about his appointment, Mumba said this is yet another opportunity to serve in the banking sector.

“I am pleased with the opportunity to embark on this new challenge. Together with the other leaders across the organisation, I am looking forward to building on the bank’s solid foundation and contributing to the purpose of driving Uganda’s growth, creating even more shared value for all stakeholders,” Mumba said.

Commenting about the appointment, Patrick Mweheire, Standard Bank Group’s Regional Chief Executive for East Africa said, “We are delighted to welcome Mumba to the Standard Bank Group—in particular, to the Stanbic Bank Uganda team. His extensive experience in the banking sector and understanding of this market, coupled with his leadership expertise, makes him ideal to lead our business in Uganda. The Board is confident that his strategic thinking, business acumen, and passion for excellence will continue to drive growth, innovation, and customer satisfaction.”

Kalifungwa will officially start work on March, 1, 2025.

 

Tags: Absa bankMumba KalifungwaStanbic BankUgandaUgandan news
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Muhammad Ngobi

Muhammad Ngobi

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