Mumba Kalifungwa

Mumba Kalifungwa, is a Zambian accountant and corporate executive, who is the managing director and chief executive officer of Absa Bank Uganda Limited, a commercial bank in Uganda, whose assets were valued at US$665 million in December 2017.[1] He took up this assignment on 1 April 2020.[2]

Mumba Kalifungwa
Born
Zambia
NationalityZambian
CitizenshipZambia
OccupationBanker and Corporate Executive
Years activesince 1996
Known forProfessional competence
Title Chief Executive Officer of Absa Bank Uganda Limited

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. 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.[2]

Career

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.[2][3] Before that, he served as the CFO at then Barclays Bank of Zambia (now Absa Bank Zambia Plc). 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.[4]

On 1 April 2020, Kalifungwa replaced Nazim Mahmood, who held the CEO position at Absa Bank Uganda, in acting capacity since July 2019.[2]

Professional associations and societies

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.[2][4][5] 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.[4]

See also

References
  1. Barclays Bank Uganda (15 March 2018). "Financial Statement As At 31 December 2017" (PDF). Kampala: Barclays Bank of Uganda. Retrieved 19 March 2020.
  2. Ashita Chopra (19 March 2020). "Absa appoints Mumba Kalifungwa new Absa Uganda MD". Daily Monitor. Kampala. Retrieved 19 March 2020.
  3. The Patriot on Sunday (13 June 2016). "Botswana: Barclays Managing Director in P2.5 Million Payout". The Patriot on Sunday. Gaborone. Retrieved 19 March 2020.
  4. Absa Bank Botswana (January 2020). "Absa Bank Botswana: Country Management Committee: Mumba Kalifungwa, Finance Director". Gaborone: Absa Bank Botswana Limited. Retrieved 19 March 2020.
  5. The Eagle Online (19 March 2020). "Mumba Kalifungwa appointed Absa Bank Uganda Managing Director". Kampala: The Eagle Online Uganda. Retrieved 19 March 2020.
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