Kenneth Mumba Kalifungwa, is a

Zambia Zambia, officially the Republic of Zambia, is a landlocked country at the crossroads of Central Africa, Central, Southern Africa, Southern and East Africa. It is typically referred to being in South-Central Africa or Southern Africa. It is bor ...

accountant An accountant is a practitioner of accounting or accountancy. Accountants who have demonstrated competency through their professional associations' certification exams are certified to use titles such as Chartered Accountant, Chartered Certif ...

and

corporate executive Corporate titles or business titles are given to corporate officers to show what duties and responsibilities they have in the organization. Such titles are used by publicly and privately held for-profit corporations, cooperatives, non-profit org ...

who is the

chief executive officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

Stanbic Bank Uganda Limited Stanbic Bank Uganda Limited (SBU) is a commercial bank in Uganda and is licensed by the Bank of Uganda, the central bank and national banking regulator. Overview SBU is the largest commercial bank in the country, by assets. As of 31 Decembe ...

since 1 March 2025. Before that, from 1 April 2020 until 28 February 2025, he was the

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

and

managing director A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

Absa Bank Uganda Limited 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 ...

, another commercial bank in Uganda.

Background and education

He was born in Zambia. He attended local primary and secondary schools, before being admitted to university for his

bachelor's degree A bachelor's degree (from Medieval Latin ''baccalaureus'') or baccalaureate (from Modern Latin ''baccalaureatus'') is an undergraduate degree awarded by colleges and universities upon completion of a course of study lasting three to six years ...

. His second degree, a

Master of Business Administration A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular ...

, was obtained from Heriot-Watt University Business School, in

Edinburgh Edinburgh is the capital city of Scotland and one of its 32 Council areas of Scotland, council areas. The city is located in southeast Scotland and is bounded to the north by the Firth of Forth and to the south by the Pentland Hills. Edinburgh ...

Scotland Scotland is a Countries of the United Kingdom, country that is part of the United Kingdom. It contains nearly one-third of the United Kingdom's land area, consisting of the northern part of the island of Great Britain and more than 790 adjac ...

, United Kingdom. Kalifungwa is also a

Chartered Certified Accountant The Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (CCA). Founded in 1904, It is now the fourth-largest professional accounting body ...

, recognised by the

Association of Chartered Certified Accountants The Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (CCA). Founded in 1904, It is now the fourth-largest professional accounting body ...

. In addition, he has taken courses in banking and management over the duration of his career.

Career

At the time he was appointed CEO of Absa Bank Uganda, Kalifungwa was the chief financial officer (CFO) at

Absa Bank Botswana Limited Absa Bank Botswana Limited, formerly known as Barclays Bank of Botswana Limited, is a commercial bank in Botswana, licensed by the Bank of Botswana, the country's central bank and national banking regulator. Location The headquarters of the ban ...

, a position he served in since 2015. 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 PricewaterhouseCoopers, also known as PwC, is a multinational professional services network based in London, United Kingdom. It is the second-largest professional services network in the world and is one of the Big Four accounting firms, alon ...

. Later, he joined the Zambia Revenue Authority, serving there as senior accountant. He then joined Absa Bank Zambia. On 1 April 2020, Kalifungwa replaced Nazim Mahmood, who held the CEO position at Absa Bank Uganda, in acting capacity since July 2019. On 1 March 2025 he replaced Samuel Mwogeza at Stanbic Bank Uganda Limited, who was the acting chief executive since 1 April 2024.

Professional associations and societies

Mumba Kalifungwa is a fellow of the

Chartered Institute of Management Accountants The Chartered Institute of Management Accountants (CIMA) is the global professional management accounting body, based in the United Kingdom. CIMA offers training and qualification in management accountancy and related subjects. It is focused on ...

, the

, the '' Botswana Institute of Chartered Accountants'' and the ''Zambia Institute of Chartered Accountants''. 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.

References

External links

Stanbic Bank Uganda welcomes new CEO Mumba Kalifungwa
{{DEFAULTSORT:Kalifungwa, Mumba 1970s births Living people Standard Bank people Absa people Zambian bankers Zambian accountants Zambian business executives Zambian businesspeople Zambian chief executives University of Zambia alumni Fellows of the Association of Chartered Certified Accountants Alumni of Heriot-Watt University Zambian expatriates in Uganda

Background and education

Career

Professional associations and societies

See also

References

External links