Samuel Sejjaaka

Last updated

Samuel Sejjaaka
Samuel Sejjaaka speaking.jpg
Born (1964-01-10) 10 January 1964 (age 59)
Mulago, Uganda
NationalityUgandan
CitizenshipUganda
Alma mater Makerere University
(Bachelor of Commerce)
Makerere University
(Diploma in Computer Science)
Institute of Certified Public Accountants of Uganda
(certified public accountant)
Association of Chartered Certified Accountants
(Fellow)
University of Strathclyde
(Master of Science)
Makerere University
(Doctor of Philosophy)
Occupation(s) Accountant, university professor, businessman
Years active1988 — present
Title Associate professor of accounting and finance
Abacus Business School

Samuel Kisakye Sejjaaka is a Ugandan accountant, academic and businessman. He is Principal and Country Team Leader at MAT ABACUS Business School. [1] Between 1993 and 2014, he lectured at Uganda's oldest tertiary institution, Makerere University (later the Makerere University Business School) and rose to the position of Deputy Principal. In December 2014, he retired from the institution at age 50. He then helped establish Abacus Business School, Uganda's premier executive education institution. In 2019, Abacus Business school merged with the Management Accountancy Training Company (MAT) to form MAT ABACUS Business School.

Contents

Dr. Sejjaaka at the MAT ABACUS launch (2019) Samuel sejjaaka.jpg
Dr. Sejjaaka at the MAT ABACUS launch (2019)

Background and education

Samuel Kisakye Sejjaaka was born on 10 January 1964 in the Mulago National Referral Hospital in Kampala, Uganda's capital and largest city. As a child, he lived with his family in Entebbe, attending St. Theresa’s School and Lake Victoria School. For his O-Level and A-Level education, he studied at Kings College Budo, a mixed boarding middle and high school in Wakiso District.

From King's College Budo, he joined Makerere University, earning a Bachelor of Commerce degree in 1986. He followed that up with a Postgraduate Diploma in Computer Science, also from Makerere in 1988. He then attended the University of Strathclyde in the United Kingdom, earning a Master of Science degree in financial studies in 1990. His Doctor of Philosophy in accounting and finance was obtained from Makerere University. [2] Sejjaaka is a fellow of the Association of Chartered Certified Accountants and a Certified Public Accountant.

Professional career

Samuel Sejjaaka is a partner in Sejjaaka, Kaawaase & Company, Certified Public Accountants. The firm was previously part of SNG Africa Group, South Africa’s largest black-owned auditing and accounting practice that later merged with Grant Thornton. [3] He founded the firm as Skill Consultants in 1988 and it is currently one of the largest indigenous accounting firms in Uganda. [4]

Dr. Sejjaaka has served since 2015 as Chairman of the Board at UAP- Old Mutual Financial Services and Director since 2009 at UAP Life Insurance. [5]

Dr. Sejjaaka served as a Deputy Chairman of the Board and a Director at Stanbic Bank (Uganda) Limited, the largest commercial bank in the country from 2007 to 2017. [6]

Between 2012 and 2018, he served as Chairman of Uganda Development Bank (UDBL) a development finance institution established by the Government of Uganda. The main objective of UDBL is to promote and finance development in various sectors of the economy with particular emphasis on agriculture, industry, tourism, housing, and commerce. During his tenure at UDBL, several changes took place at the bank and there were several staff exits which also occasioned several court battles. [7] At the same time however, he introduced several radical changes that saw the bank reduce its non performing assets, return to profitability and also rebrand itself. The government also offered to recapitalise the Bank with an additional US$145 million, on account of the restructuring efforts that had been undertaken. Today the Bank boasts of a Fitch rating and has been voted by the African Association of Development Finance Institutions (AADFI) as one of the best Development Finance Institutions in Africa. [8]

From 2009 until 2014, he served as the deputy principal at the Makerere University Business School. [9] After leaving Makerere in 2014, he founded Abacus Business School (ABS) to provide high-quality education and training for industry and business practitioners across all sectors and levels of management. In 2019, Abacus Business School became MAT ABACUS Business School, an institution that was formed as the result of a merger with the Management and Accountancy Training Company (MAT).

In May 2019, Dr. Sejjaaka was appointed by The Minister of Finance Matia Kasaija, to chair the inaugural seven member Investment Advisory Committee (IAC) of the Petroleum Fund, a requirement under section 66 of the Public Finance Management Act (PFMA) 2015. The major role of the Committee is to advise on the investments to be made under the Petroleum Revenue Investment Reserve (PRIR). The Committee is part of the governance framework that will ensure that the proceeds from oil and gas, being a non-renewable resource are wisely invested in accordance with international best practice and to the benefit of the current and future generations. [10]

In January 2022, Dr. Sejjaaka was appointed Board Chairman of Daily Monitor/Monitor Publications, the largest independent newspaper in Uganda, additionally, he was appointed as a Non-Executive Director of Nation Media Group, a media conglomerate, based in Nairobi, Kenya and whose shares are listed on the Nairobi Stock Exchange and are cross-listed on the Uganda Securities Exchange, with a controlling interest in Monitor Publications. [11]

His working experience includes over 25 years in public finance management and systems design. [12] He worked with the Ministry of Finance, Planning and Economic Development as a financial and fiscal systems consultant in the areas of public expenditure, budget management, and fiscal policy planning. He has also worked as a financial consultant and auditor for public sector and private sector organizations for over twenty-five years. [13]

See also

Related Research Articles

Before Uganda's independence in 1962, the main banks in Uganda were Barclays ; Grindlays, Standard Bank and the Bank of Baroda from India. The currency was issued by the East African Currency Board, a London-based body. In 1966, the Bank of Uganda (BoU), which controlled the issue of currency and managed foreign exchange reserves, became the central bank and national banking regulator. The government-owned Uganda Commercial Bank and the Uganda Development Bank were launched in the 1960s. The Uganda Development bank was a state-owned development finance institution, which channeled loans from international sources into Ugandan enterprises and administered most of the development loans made to Uganda.

Augustus Nuwagaba is an international consultant on economic transformation. He is a wealth creation expert in Africa. He is qualified (MBA)in application of central bank monetary policy on commercial bank competitiveness. Prof. Nuwagaba has worked intensively in analysis of fiscal metrics for governments in Africa, review of financial performance and analysis of tax policies. He works as the managing consultant at REEV Consult International Limited, a private consultancy firm, incorporated in Uganda, with headquarters at plot 515 Bombo road within the city of Kampala, Uganda's capital and largest city. He was Consultant for the African Peer Review Mechanism under NEPAD, was a member of the African Regional Panel of Experts on Development. Nuwagaba is a member of the World Bank Consultative Group that developed the African Plan of Action. He was the team leader of FINSCOPE - Financial Penetration Project (2013). He was a team leader for Developing Financial Management and Training manual for Parliamentary Accountability Committees, member of audit committee of the Ministry of Finance Planning and Economic Development of the Republic of Uganda, winner of International Award for significant Contribution to World Society and Appears In World Who is Who (2004), page 336. In addition, he was a consultant for mid-term review of the National Development Plan for the Republic of Uganda [2010/11–2014/15]. He is a consultant for formulating the East African Community development investment plan (2016/17-2020/21). Nuwagaba is a regular speaker at the induction of members of parliament of Uganda.

The Uganda Development Bank Limited (UDBL) is a government-owned development bank in Uganda.

Uganda Management Institute (UMI) is a government-owned national center for training, research, and consultancy in the field of management and administration in Uganda. It is one of the nine public universities and degree-awarding institutions in the country outside the military.

Richard Patrick Byarugaba is a Ugandan business executive, banker, and entrepreneur. He is the managing director and chief executive officer of the National Social Security Fund (Uganda), a semi-autonomous retirement pension organisation for non-government employees in Uganda. He was also listed in 2012 as one of the wealthiest individuals in Uganda.

Edigold Monday, a Ugandan accountant, businesswoman, bank executive, and educator. She is the Uganda Country Director of Sparkassen-Finanzgruppe's foundation for international cooperation ., since December 2018.

Maria Kiwanuka is a Ugandan economist, businesswoman and politician who served as Minister of Finance in the Cabinet of Uganda from 27 May 2011 to 1 March 2015. Since 2015 she has been Senior Advisor to the President of Uganda on financial matters, responsible for the Bretton Woods Institutions.

Frederick Mutebi Kitaka, sometimes referred to as Frederick Kitaka Mutebi, is a Ugandan physicist, mathematician, accountant, entrepreneur, and industrialist. He is the executive director of finance of Cipla Quality Chemical Industries Limited (CIPLAQCIL), a Ugandan limited liability company. CIPLAQCIL is the only Sub-Saharan pharmaceutical company that is licensed to manufacture triple therapy antiretroviral medication. He is also a shareholder in the company and sits on its board of directors.

Stephen Robert Isabalija, is a Ugandan civil servant, management professional, accountant, academic and academic administrator. He is the immediate past permanent secretary in the Ministry of Energy and Mineral Development in Uganda, having served in that capacity from November 2016, until his termination on 24 August 2017.

<span class="mw-page-title-main">Association of Real Estate Agents Uganda</span>

The Association of Real Estate Agents Uganda , is an umbrella organization of real estate agents, managers, organizations and other real estate professionals in Uganda, the third-largest economy in the East African Community.

<span class="mw-page-title-main">Fabian Kasi</span>

Fabian Kasi is an accountant, bank executive, and businessman in Uganda, the third-largest economy in the East African Community. He is the managing director and chief executive officer of the Centenary Bank, with over US$573 million in assets as of April 2014.

Nathan Nandala Mafabi is a Ugandan accountant, lawyer, and politician. He represents Budadiri County West in Sironko District in the Ugandan parliament. From May 2011 until January 2014, he was the leader of the opposition in the parliament.

Patricia OjangoleBCom, MBA, MPhil, PhD, FACCA, is a Ugandan accountant and bank executive. She is the chief executive officer of Uganda Development Bank, Uganda's only national development finance institution.

Patrick Michael Ayota is a Ugandan accountant and corporate executive. He is the Deputy Managing Director of the National Social Security Fund of Uganda, effective 29 October 2017. He also concurrently serves as the Chairman of the New Vision Group, a media conglomerate, partly owned by the Government of Uganda.

Peace Masozera Uwase, also Peace Uwase, is a Rwandan accountant and bank executive, who serves as the Director General of the Financial Stability department of the National Bank of Rwanda (BNR), since April 2016.

Loy Katali is a Ugandan politician and accountant. She is the district woman representative of Jinja District in the 10th Parliament of Uganda. She is affiliated to the National Resistance Movement political party.

Stella Kizza is a Ugandan accountant and politician. She was the women representative member in the 10th Parliament of Uganda for Kyegegwa District. She was an independent candidate but later joined the ruling party National Resistance Movement (NRM).

Sam Ntulume,, is a Ugandan accountant, businessman and incumbent executive director at I&M Bank Uganda, who concurrently serves as the chief operating officer at that commercial bank. He has been at I&M Bank Uganda, since November 2021.

Barbara Kasekende is a Ugandan businesswoman and corporate executive who serves as the Head of the Advisory Department at Uganda Development Bank, the country's only indigenous, government-owned development financial institution. She took up this position in February 2022. Before that, she was the Corporate Social Investments Manager at Stanbic Bank Uganda Limited, Uganda's largest commercial bank by assets.

Michael Taremwa Kananura, is a Ugandan accountant and corporate executive who was appointed as the Chief Executive Officer (CEO) in acting capacity, at Uganda Electricity Transmission Company Limited (UETCL), effective 10 August 2022. Before his new assignment, he worked as the chief financial officer, at UETCL.

References

  1. ↑ "Mat Abacus". matabacus.ac.ug. Archived from the original on 1 June 2023. Retrieved 9 June 2023.
  2. ↑ "Samuel Sejjaaka Biography". Kampala: Samuelsejjaaka.com. 1 October 2016. Retrieved 1 October 2016.
  3. ↑ "Grant Thornton and SNG integration advances | IOL Business Report". www.iol.co.za. Retrieved 19 March 2019.
  4. ↑ "SEJJAAKA, KAAWAASE & Company | PROF. SAMUEL SEJJAAKA, PHD, CPA" . Retrieved 19 March 2019.
  5. ↑ "Sam Sejjaaka: Executive Profile & Biography - Bloomberg". www.bloomberg.com. Retrieved 23 July 2019.
  6. ↑ "Audited 31 December 2013 Financial Statement". Stanbic Bank (Uganda) Limited . Retrieved 26 October 2014.
  7. ↑ "IGG arrests UDBL top officials". www.newvision.co.ug. Retrieved 19 March 2019.
  8. ↑ Uganda Development Bank (17 December 2018). "UDBL Rated the Best Performing African DFI". Uganda Development Bank Limited. Retrieved 19 March 2019.
  9. ↑ Kimbowa, Joseph (6 July 2014). "Mubs: Sejjaaka stepping down". The Observer . Retrieved 1 October 2016.
  10. ↑ "FINANCE MINISTER INAUGURATES PETROLEUM INVESTMENT ADVISORY COMMITTEE | Ministry of Finance, Planning and Economic Development". www.finance.go.ug. Retrieved 5 July 2019.
  11. ↑ "Prof Samuel Sejjaaka Appointed New Board Chairman of Monitor Publications Limited". ceo.co.ug. 25 January 2022.
  12. ↑ UDB. "Board of Directors". Uganda Development Bank (UDB). Retrieved 1 October 2016.
  13. ↑ "Bio | PROF. SAMUEL SEJJAAKA, PHD, CPA" . Retrieved 19 March 2019.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.