Kampala – The board of directors of Absa Uganda has selected Keith Kariegira as the new chair of the board, effective March 1, 2025. Keith is a highly respected and veteran advisor on strategy, investment and capital markets, with extensive experience in both the public and private sectors.
Keith previously served as CEO of Uganda’s Capital Markets Bureau and is currently a strategy and investment consultant. He contributes to major capital markets and financial sector reforms in Uganda, South Sudan, Rwanda and Tanzania. His expertise and leadership are invaluable in Absa’s growth and transformation.
David Wandara, interim managing director of the bank, welcomed Keith and said, “Keith’s impressive track record and passion are perfectly in line with his goals at Absa Bank Uganda. We are confident that his leadership will further boost Absa’s growth momentum and increase the value of his stakeholders.”
Keith takes over Nadine Vidalgaba. The Nadines contributed significantly to shaping the bank’s direction following the rebranding to Absa, particularly following the COVID-19 pandemic, which affected most sectors of Uganda’s economy. The banks were able to adapt and float.
“We are honored to be appointed Chairman of Absa Bank Uganda. We look forward to working with fellow board members and management teams to advance the bank’s vision. Together, we will provide exceptional value to our clients and our community.”
“Keith’s appointment shows a great step forward as Absa Bank Uganda continues to expand its reach and strengthen its services,” the official said.
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Keith Kalyegira has over 20 years of experience in a variety of leadership roles. Keith holds a Bachelor of Commerce degree from Makerere University and an MBA from the Graduate School of Business at the University of Cape Town. He is a member of the UK chartered Governance Institute.
From 2013 to 2023, when Uganda became an Appendix A member of the International Securities Commission (IOSCO), he was CEO of the Capital Markets Bureau.
From 2008 to 2013, he implemented institutional reforms in the electricity, finance and water sectors of Uganda, South Sudan, Rwanda and Tanzania as a consultant, advisor and executive.
He improved the performance of Uganda public enterprises from 2003 to 2008 as head of the sideline monitoring unit under the Public Enterprise Reform and Selling Project (Privatization Unit).
From 1993 to 2003 he was an executive in the aviation fuel division of Shell Uganda and Shell South Africa.
“Keith demonstrates his expertise in piloting institutional reforms across East Africa and will undoubtedly be a major asset for Absa Bank Uganda,” an industry expert said.
