Absa Bank Uganda Limited
Absa Bank Uganda Limited is part of Absa Group Limited, an African financial services group that aims to be the pride of the continent. Absa Group Limited is listed on the JSE in South Africa and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 42, 000 employees.
We’re committed to finding local solutions to uniquely local challenges and everything we do is focused on adding value. To this end, we offer our clients a range of retail, business, corporate and investment, and wealth management solutions. We also ensure a positive impact in all the countries where we operate.
We’re part of a truly African brand, inspired by the people we serve and determined to make our continent proud.
Absa has long seen the value of sponsorship. From the Uganda Golf Open to the Mineral Wealth Conference, we are a proud sponsor of events that reflect our values and resonate with all our stakeholders.
If you are looking for a sponsor and your request falls under sports, arts and culture or thought leadership, you can follow our step-by-step guide on how to apply for Absa sponsorship. If your sponsorship proposal meets our criteria, we’d love to hear from. Apply for sponsorship for your event or initiative in three easy steps.
Sponsorship criteria and how to apply
countrymanagementcommittee
Mumba Kalifungwa
Managing Director
Prior to this role, he was the Executive Director of Finance at Absa Bank of Botswana (the 3rd largest business in Absa Group outside South Africa) and held a similar position at Absa Bank Zambia Plc until 2015.
His organisational leadership experience/expertise includes business development, strategy formulation and implementation, people management, business performance management, enterprise risk management, capital and liquidity management, financial planning, and control.
Mumba is passionate about people and customers and has been successful in building high performing teams across the various markets that he has worked in, through the creation of incremental shareholder value.
He is a chartered accountant by training with over 25 years post qualification experience in both the private and public sector. He has spent the last 16 years of his career with the Absa Group working across 3 different markets in Southern and East Africa (Zambia, Botswana and Uganda).
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). He has also attended several leadership programmes over the years, among which are an advanced management programme (AMP) with the IMD Business School in Lausanne, Switzerland.
Mumba also has extensive board experience and once served as the board audit committee chairman of ZAMCOM in Zambia. He also served as international board member of the Africa region of the Association of International Certified Professional Accountants (AICPA) based in South Africa. He currently serves as an Executive Director of the Absa Uganda Board, and served in similar capacities on the Absa Botswana and Absa Zambia Boards.
Michael Segwaya
Executive Director and Chief Finance Officer
Michael was appointed Executive Director in 2013 and has been Chief Finance Officer for Barclays Uganda since 1 November 2012.
He is an experienced financial executive with over 22 years’ experience in the financial services Industry and is currently the chairperson of the Uganda Bankers Association Chief Finance Officer’s Forum.
Prior to this, he was the Financial Controller still at Barclays Uganda for more than 6 years. He has held various roles in the bank, including Head of Financial Reporting, Finance Officer, and Clearing Officer, as well as in Nile Bank as a banking officer.
Michael holds a master’s in business administration from Oxford Brookes University; he is a certified chartered accountant and holds a bachelor of commerce in accounting. He is a fellow of the Association of Certified Chartered Accountants (ACCA) and member of the Institute of Certified Public Accountants of Uganda (ICPAU).
David Wandera
Executive Director and Head of Markets
David Wandera was appointed Executive Director in October 2021 and has been the Head of Financial Markets at Absa Bank Uganda Limited since 2017. He is a seasoned banker with a wealth of experience spanning over 20 years in the financial services sector.
Prior to working with Absa, David worked at Stanbic Bank Uganda where he held the role of head of sales, global markets. Having begun his career at Deloitte and Touche Uganda, he went on to hold various senior positions in organisations such as Citibank Uganda, East African Development Bank and Bank of Uganda.
He holds a master of science degree in international finance from the University of Leeds, UK; a post graduate certificate (project planning, appraisal, financing) from Bradford University, UK and a bachelor of commerce (accounting) degree from Makerere University, Uganda. David is a fellow of association of Chartered Certified Accountants (FCCA) UK; a member of the Institute of Certified Public Accountants of Uganda (ICPAU); member of the ACI Dealers Association and an alumnus of the British Council/Chevening scholarship. He is also a member of the investment advisory committee of the Petroleum Revenue Investment Reserve, an advisory committee to the Minister of Finance.
David is an ardent hockey fan and has capped for the Uganda national hockey team where he played for the country at a regional level. He is also passionate about travelling and running.
Irene Mutyaba
Corporate Banking Director
Irene Mutyaba is the Corporate Banking Director at Absa Bank Uganda Limited. She is a seasoned banker with vast knowledge in the banking industry that spans over 17 years.
She has experience across all segments of corporate and investment banking having served in various positions as head of global corporates, head of local and international corporates, head of commodity traders and agriculture among others. Irene started her career at Standard Chartered Bank in 2004 and has worked in numerous markets to gain international experience, including in Ghana, Singapore, Hong Kong, China, United Kingdom and United Arab Emirates.
Irene holds a bachelor’s degree in social sciences - first class (hons) from Makerere University and is currently pursuing her master’s in business administration from the Durham Business School in the UK.
Musa Jallow
Retail and Business Banking Director
Musa has a wealth of experience gained over a 23-year career in the banking industry. He joins from Absa Bank Mozambique where he was the Retail Director and subsequently Head of Portfolio Banking.
He has vast experience in retail banking, having worked in various positions such as retail director for NBC - Tanzania; head of consumer banking - Standard Chartered Bank Tanzania and Gambia; acting head of consumer banking - Standard Chartered Ghana; and senior manager at International Bank of Commerce.
Musa holds a master of business administration in banking and financial management and a master of arts in economics. He also holds a bachelor’s in quantitative economics and social studies.
Outside of work, he loves football, travelling and reading, and is married with 4 children. He is passionate about motivating individuals to fulfil their aspirations.
Albert Byaruhanga
Business Banking Director
Albert is a seasoned banker with 18 years’ experience and assumes this role having acted as Business Banking Director since February 2020. Prior to this Albert acted as Head of Business Banking from December 2018 to January 2020.
Albert holds a wealth of knowledge across different segments and has grown through the ranks to hold the position he has today. He joined Absa Bank (then Barclays Bank) in 2011 as a Relationship Manager in the Corporate Department. In 2014, he was seconded to attend the Corporate and Investment Banking Academy in South Africa on account of his outstanding performance.
Upon his return, he was promoted to the Head of Commercial Banking unit under Business Banking. Albert is highly resilient and under his leadership as Acting Business Banking Director, we have seen the Business Banking unit register its best performance that delivered a 14% revenue growth in 2019.
Prior to joining Absa, Albert worked for United Bank of Africa and Standard Chartered Bank as senior corporate relationship manager and commercial relationship manager respectively.
He holds a bachelor ‘s degree in commerce from Makerere University Business School, a postgraduate diploma in financial management from UMI and is currently pursuing his MBA from Herriot-Watt University, Edinburg Business School.
Albert is happily married with 2 children and is very passionate about supporting colleagues to attain their full potential
Helen Nangonzi Basuuta
Marketing and Customer Experience Director
Helen has a wealth of experience gained over a 14-year career in product development, brand management, corporate relations, marketing, client experience, administration, sustainability, and human resource management.
Prior to joining Absa, Helen was the head: corporate affairs, brand and marketing for East Africa at Standard Chartered Bank, a role she was promoted to in 2017.
Her professional journey began at Standard Chartered Bank Uganda in 2006 as a product development officer looking after personal loans. She rose through the ranks to hold several positions at the bank including product development manager, SME banking, executive assistant to the CEO, general manager: marketing; and and head: service quality; human resource relationship manager; head: brand and marketing Uganda and sub-regional head for high-net-worth clients across East Africa. In 2015, she was appointed head: corporate affairs, brand and marketing for Uganda.
Helen holds a bachelor of arts degree in social sciences – first class (hons) and an executive MBA attained from ESAMI (Eastern and Southern Africa Management Institute).
Outside work, Helen loves spending time with family especially her daughter, Ariah.
Edward Ocen
Head of Legal/ Company Secretary
Edward is an Advocate of the Courts of Judicature of Uganda. He has practised extensively at all levels in the courts and arbitral tribunals in Uganda and has over 15 years of legal practice experience in commercial and corporate law, banking, land transactions, contract law, commercial litigation and criminal defence inter alia.
Prior to joining Absa Bank Uganda Limited he served as head of legal at Equity Bank Uganda Limited since 2012. Previously, he served as legal counsel at Crescent and Company Solicitors and a lecturer at the Law Development Centre. He started his career as a research assistant, Faculty of Law, Makerere University Department of Law and Jurisprudence.
Edward holds a master of laws (LLM) in commercial and corporate law from the University College London, a bachelor of laws with honours from Makerere University and a post graduate diploma in legal practice from the Law Development Centre.
He completed the senior management leadership course at Strathmore University, attended several seminars and completed several short courses on law, commerce, taxation and revenue law, leadership and formulation, execution of corporate strategy and company secretarial practice.
He is an ardent reader and enjoys sports, especially football.
Guy Kimbowa Lutaaya
Chief Risk Officer
Guy Kimbowa Lutaaya was appointed Chief Risk Officer (CRO) at Absa Bank Uganda Limited effective 1 October 2022. He is a seasoned finance professional and banker with over 20 years of experience in finance and over 13 years of experience in banking. In his new role, he will be responsible for leadership and oversight over the Bank-wide Enterprise Risk Management Framework.
Before this appointment, Guy was the Credit Director at Absa Bank Uganda, a role he has held for five years. He has also served as Head of Retail & Business Banking Credit at Absa Bank Kenya and held various positions at Absa Bank Uganda, including Head of Impairments, Analytics & Models, and Head of Credit Policy & Portfolio Management.
Prior to joining Absa Uganda (formerly Barclays) in 2010, Guy worked for Dell Incorporated at their corporate headquarters in Round Rock, Texas, as the Financial Controller for the Advanced Solutions Group (ASG), with strategic ownership of all Financial Planning & Analysis aspects of the U.S. Public Sector Enterprise Business.
He holds a Master's degree in Business Administration (MBA) with a Finance specialization from The Howard University School of Business in Washington, DC (USA). His Undergraduate degree is a Bachelor's in Quantitative Economics (Q.E.) from Makerere University in Kampala, Uganda. Guy is also a Certified Management Accountant (CMA) with the Institute of Management Accountants (IMA) in New Jersey (USA).
Sylvia Mulomi
Head of People Function
Sylvia has over 15 years’ experience as an HR professional in the non-profit and financial services sectors. She has previously worked with CURE Children’s Hospital of Uganda, Stanbic Bank Uganda and most recently as the country head, human resources of Standard Chartered Bank Uganda prior to joining Absa Bank Uganda.
Sylvia’s HR experience includes organisational change leadership, talent management, employee engagement and building a high-performance and customer-focused culture.
She holds a master’s in public administration, bachelor of business administration and bachelor of Bible studies. She has completed the Female Future Programme board competency certification. Sylvia is a member of the Human Resources Managers Association; has served as a chairperson of the HR Committee of the Uganda Bankers Association; and currently serves as the COVID-19 chairperson of the Uganda Bankers Association and as a member on the board of Living Water Ministries Uganda.
Peter Mboowa
Director Treasury
Peter is the Head of Treasury at Absa Bank Uganda Limited. He is a seasoned banker with a wealth of experience spanning over 18 years in the banking sector. Prior to joining Absa Bank Uganda Limited, Peter was head of treasury at Equity Bank Uganda Limited. Peter has also held various senior positions in KCB Bank Uganda Limited and begun his career at Citibank Uganda Limited.
Peter holds a master of science degree in banking and investment from Makerere University Kampala and a bachelor of science (statistics, economics and mathematics) first class (hons) degree from Makerere University Kampala. Peter also holds an ACI Dealing Certificate and is a member of the ACI Uganda Dealers Association.
Ruth Kagabane
Compliance Director
Ruth is the Compliance Director at Absa Bank Uganda. She has a remarkable 17-year journey in banking, spanning risk management, compliance, and operational controls. Her extensive experience has empowered her to strengthen control frameworks and drive operational resilience, embodying our commitment to integrity and trust. Her previous role as Head of Retail and Business Banking Operations and Controls saw her spearhead the Retail and Business Banking Assurance methodology, ensuring our standards remain exemplary across all channels.
Her experience as Money Laundering Reporting Officer and Operational Risk Advisor reflects her deep commitment to safeguarding our values and upholding the highest levels of regulatory compliance. Ruth’s career also includes impactful experiences with KPMG and the Uganda Revenue Authority, adding to her profound insight and leadership skills.
Beyond her technical expertise, Ruth’s dedication to our community is evident in her leadership in setting up the Bank’s Staff SACCO, where she served as its founding Chairperson and now as a Trustee.
Ruth holds a Masters in Professional Accountancy and a Fellowship with ACCA, which underline her dedication to excellence and professional growth.
Dick Agaba Kamukama
Chief Internal Auditor
Dickson joined Barclays Bank now Absa Bank Uganda in August 2018 as Chief Internal Auditor.
Prior to this, he was the regional head of audit for AB-InBev a multinational dealing in fast moving consumer goods. He has 13 years’ experience in internal audit and assurance having held various roles at MTN Uganda, Nile Breweries/ SABMiller and PKF Uganda.
Dickson also holds a masters in business administration from Heriot-Watt University UK. He is also a chartered accountant with membership at the Institute of Certified Public Accountants Uganda (ICPAU) and a fellow of the Association of Chartered Certified Public Accountants UK (ACCA).
Dickson is a certified internal auditor and a member of the Institute of Internal Auditors Uganda (IIA) where he previously served on the training and certification committee.
Patricia Nshemereirwe
Chief Operating Officer
Patricia is a seasoned financial services professional with an impressive 20-year track record in Banking.
In her previous role as the Head of Integrated Channels/Client Coverage at Stanbic Bank Uganda Limited, she spearheaded the Bank’s Distribution, Agent Banking, and Virtual & Digital Channels’ strategy and execution. Prior to that, she held key positions at both Stanbic Bank and DFCU Bank, including Head of Operations, Head of Production, Head of Operations at DFCU Bank, and Marketing Manager, among other significant roles.
Patricia holds a master’s degree in business administration from Nkozi University and a bachelor’s degree in social sciences from Makerere University.
Rachel Rwakatungu
Credit Director
Rwakatungu is a seasoned banker with a wealth of experience in the banking and financial services industry, business, and regulatory risk.
Prior to joining Absa Bank Uganda Ltd, Rwakatungu worked as Senior Credit Manager at Stanbic Bank Uganda Limited. She also worked at Standard Chartered Bank in various capacities, such as Senior Credit Analyst, Relationship Manager under Corporate Banking, and Head of the Client Service Group.
Rwakatungu holds a master’s degree in Business Administration from the Eastern and Southern Africa Management Institute (ESAMI), a Postgraduate Diploma in Financial Management from the Uganda Management Institute (UMI), various credit certifications, including the Credit Skills Assessment Program and Corporate Credit Curriculum, and a Bachelor of Statistics from Makerere University.
She is also certified in valuation and corporate strategy from the Erasmus University of Rotterdam, Negotiation from the University of Michigan, and International Trade Finance from the London Institute of Banking and Finance.
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