Kenneth Mumba Kalifungwa, is a Zambian accountant and corporate executive who will be the CEO of Stanbic Bank Uganda Limited effective 1 March 2025.[1] He is the current managing director and chief executive officer of Absa Bank Uganda Limited, a commercial bank in Uganda, whose assets were valued at US$1.19 billion as of December 2023.[2] He took up this assignment on 1 April 2020.[3]
Mumba Kalifungwa | |
|---|---|
| Born | |
| Nationality | Zambian |
| Citizenship | Zambia |
| Occupation(s) | Banker and Corporate Executive |
| Years active | since 1996 |
| Known for | Professional competence |
| Title | Chief Executive Officer of Absa Bank Uganda Limited |
Background and education
editHe was born in Zambia. He attended local primary and secondary schools, before being admitted to university for his bachelor's degree. His second degree, a Master of Business Administration, was obtained from Heriot-Watt University Business School, in Edinburgh, Scotland, United Kingdom. Kalifungwa is also a Chartered Certified Accountant, recognised by the Association of Chartered Certified Accountants. In addition, he has taken courses in banking and management over the duration of his career.[3]
Career
editAt the time he was appointed CEO of Absa Bank Uganda, Kalifungwa was the chief financial officer (CFO) at Absa Bank Botswana Limited, a position he served in since 2015.[3][4] Before that, he served as the CFO at then Barclays Bank of Zambia (now Absa Bank Zambia). His banking career goes back to 1995. He started out at Coopers and Lybrand which today is PricewaterhouseCoopers. Later, he joined the Zambia Revenue Authority, serving there as senior accountant. He then joined Absa Bank Zambia.[5]
On 1 April 2020, Kalifungwa replaced Nazim Mahmood, who held the CEO position at Absa Bank Uganda, in acting capacity since July 2019.[3]
Professional associations and societies
editMumba Kalifungwa is a fellow of the Chartered Institute of Management Accountants, the Association of Chartered Certified Accountants, the Botswana Institute of Chartered Accountants and the Zambia Institute of Chartered Accountants.[3][5][6] As of March 2020, he was a board member of the Chartered Institute of Management Accountants (CIMA) Africa Board. He previously served as chairman of the board audit committee of the Zambia Institute of Mass Communication.[5]
See also
editReferences
edit- ^ Kenneth Kazibwe (9 December 2024). "Stanbic Bank appoints Mumba Kalifungwa new CEO". Nile Post Uganda. Kampala, Uganda. Retrieved 11 December 2024.
- ^ Ali Twaha (17 April 2024). "Absa Reports 15 Percent Growth In Revenues". New Vision. Kampala, Uganda. Retrieved 19 April 2014.
- ^ a b c d e Ashita Chopra (19 March 2020). "Absa appoints Mumba Kalifungwa new Absa Uganda MD". Daily Monitor. Kampala, Uganda. Retrieved 19 March 2020.
- ^ The Patriot on Sunday (13 June 2016). "Botswana: Barclays Managing Director in P2.5 Million Payout". The Patriot on Sunday. Gaborone. Retrieved 19 March 2020.
- ^ a b c Absa Bank Botswana (January 2020). "Absa Bank Botswana: Country Management Committee: Mumba Kalifungwa, Finance Director". Gaborone: Absa Bank Botswana. Retrieved 19 March 2020.
- ^ The Eagle Online (19 March 2020). "Mumba Kalifungwa appointed Absa Bank Uganda Managing Director". Kampala: The Eagle Online Uganda. Retrieved 19 March 2020.