ABSA Group appoints Nadine Byarugaba as the new board chairman for its Ugandan subsidiary

UGANDA – ABSA Group, a financial service provider, has announced the appointment of Seasoned banker Nadine Byarugaba as the new ABSA Uganda board chairperson after acting in the position for close to a year. Previously, Swithin Munyantwali held the position until September 2019, when she was appointed to the Board of ABSA Group as a Non-Executive Director. Byarugaba has served on the Board since January 2016. In a statement, deputy ABSA Group chief executive officer Peter Matlare said her appointment will strengthen the value of the bank to shareholders. “I…

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Absa Group appoints Kenneth Mumba Kalifungwa as the Managing Director for Uganda

UGANDA – Absa Group has appointed Kenneth Mumba Kalifungwa, the former Executive Director, Finance at Absa Botswana, as its Managing Director, for Uganda. Mumba replaces Mr. Nazim Mahmood who has been heading the bank since June 2019. The company said Mahmood would work with Mumba over the coming weeks to ensure a smooth transition. Nazim was there on a short contract to manage the rebranding process as Absa searched for a substantive replacement for Rakesh Jha whose contract ended mid-2019. “We are delighted to announce the appointment of Mumba Kalifungwa…

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