Absa Bank Uganda has appointed Keith Kalyegira as its new board chairman, effective March 1st. His extensive expertise in strategy, investments, and capital markets is expected to accelerate the bank’s growth trajectory.
A Strategic Appointment
Kalyegira’s leadership background positions him as a valuable asset to Absa. Interim Managing Director David Wandera expressed confidence in his ability to drive the bank’s strategic goals.
“Keith’s impressive track record and passion align perfectly with our goals at Absa Bank Uganda,” Wandera stated. “We are confident that his leadership will enhance our growth momentum and deliver greater stakeholder value.”
A Wealth of Experience
With over 20 years in leadership, Kalyegira served as CEO of Uganda’s Capital Markets Authority (CMA) from 2013 to 2023, helping Uganda attain Appendix A membership in the International Organisation of Securities Commissions (IOSCO).
Before his tenure at CMA, he played pivotal roles in institutional reforms across Uganda, South Sudan, Rwanda, and Tanzania in sectors such as electricity, finance, and water.
His previous experience includes heading the Parastatal Monitoring Unit under Uganda’s Public Enterprises Reform & Divestiture project from 2003 to 2008.
Earlier in his career, he worked at Shell Uganda and Shell South Africa’s aviation fuel division between 1993 and 2003.
Educational Background & Professional Credentials
Kalyegira holds a Bachelor of Commerce degree from Makerere University and an MBA from the University of Cape Town’s Graduate School of Business. He is also a member of the Chartered Governance Institute, UK.
Vision for Absa
Expressing his enthusiasm for the new role, Kalyegira stated, “I am honored to be appointed as the chairman of Absa Bank Uganda. I look forward to working with the board and management to drive the bank’s vision and deliver exceptional value to our clients and the community.”
Kalyegira succeeds Nadine Byarugaba, who played a key role in shaping the bank’s direction, particularly through its transition to Absa and during the challenges of the COVID-19 pandemic.
