Stanbic Bank Uganda has announced the appointment of Mumba Kenneth Kalifungwa as the new CEO following required regulatory approvals. He is expected to assume the position effective March 1, 2025, succeeding Anne Juuko who held the position from March 1, 2020, until March 31, 2024.
Patrick Mweheire, Standard Bank Group’s Regional Chief Executive for East Africa said the bank is 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,” he said. “The Board is confident that his strategic thinking, business acumen, and passion for excellence will continue to drive growth, innovation, and customer satisfaction.”
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.
“I am pleased with the opportunity to embark on this new challenge,” said Mumba. “Together with the other leaders across the organization, 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.”
Damoni Kitabire, Board Chairman, Stanbic Bank Uganda said the bank has enjoyed a strong growth journey in recent years and they are confident that under Mumba’s leadership, the bank will continue to experience even more success as they execute their commitment to drive Uganda’s growth.
Mumba holds a master’s degree in business administration (MBA) from Herriot Watt University (Scotland) and is a Fellow of the Association of Chartered Certified Accountants (United Kingdom) and the Association of International Certified Professional Accountants (AICPA, UK).
