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 |
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]
He 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]
At 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]
Mumba 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]
Absa Group Limited, commonly known simply as Absa and formerly the Amalgamated Banks of South Africa (ABSA) until 2005 and Barclays Africa Group Limited until 2018, is a multinational banking and financial services conglomerate based in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange. It offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management and bank assurances.
Absa Bank Uganda Limited, formerly known as Barclays Bank of Uganda Limited, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the country's central bank and national banking regulator. The bank is a subsidiary of Absa Group Limited, a financial services conglomerate, based in South Africa, with banking subsidiaries in 12 African countries and representative offices in two other African countries. Absa Bank Group, whose shares trade on the JSE Limited, was reported to have total assets in excess of US$91 billion, as of October 2019.
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