People moves

The seasoned finance director will oversee the conglomerate’s corporate strategy, operations, and governance, leveraging more than two decades of experience across multiple industries to drive growth and stakeholder alignment.

Calvin Mugume has been appointed as the chief finance officer of Next Media. The first-time CFO joins the Ugandan multimedia company after five years as the audit and finance lead at sustainable impact finance institution Platcorp Group, boasting over a decade of experience across multiple industries.

Finance director Kinya Kimotho has embarked on a three-month career sabbatical to focus on mentoring, leading and driving impact in new spaces.

Linda Mfuchi will take on the role of CFO at L'Oréal East Africa from 1 March 2025, after two years as corporate finance controller at L'Oréal. She boasts over a decade of experience in financial modelling, forecasting, planning, and reporting.

Mark Nkurunziza has been appointed the vice president of finance and operations at African School of Governance (ASG). He joins the recently-launched graduate institution after five years as the chief financial officer of MTN Rwanda.

Stanbic Bank Tanzania has announced the appointment of Derick Lugemala as its new chief finance and value officer (CFVO).

In December 2024, Robert Belle stepped into the role of group finance manager at TD Bank in Toronto, Ontario. He leaves his position as CFO of Geo Science Management Group, based in Kenya, having joined the group in April 2023.

Effective 1 January 2025, Miriam Kaggwa will assume the role of COO after nearly two years as the company’s CFO, while group finance director Sanjeev Panwar takes on the CFO role.

Maryanne Mwai has been appointed as the Africa head of finance at the Tony Blair Institute for Global Change. With a career spanning 16 years across manufacturing, audit, and business transformation in Sub-Saharan Africa, Maryanne brings to the role extensive expertise in strategic financial management, business process transformation, risk oversight and compliance.

Asibat Mwambu has assumed the role of head of finance at real estate consultancy Knight Frank Uganda.

Shereena Wilson has been appointed as the chief financial officer of East African Power (EAP). She joins the Kigali-based energy firm after 11 months as fractional CFO at Chiefly & Co, a collective of fractional C-level experts accelerating sustainability for companies.

Amr Atef has been appointed as the chief financial officer of M-PESA Africa, bringing with him over two decades of experience in the finance sector. He assumed his new role in September 2024 and is now based in Nairobi, Kenya, where he will oversee the company’s financial operations.

Noel Ngonyani has been appointed CFO of Tanzanian consulting firm Dolphin Professional Services. The move marks Noel’s entry into C-suite finance leadership, after having previously held the role of finance and administration manager at Muhima and Company for four years.

Hariss International Limited, one of Uganda’s foremost food and beverage manufacturers, has announced the appointment of Eunice Waweru as its new chief financial officer (CFO). The appointment marks a significant step forward for the company, as it continues to solidify its position as a key player in Uganda’s fast-moving consumer goods (FMCG) sector.

I&M Group has announced the appointment of David Ngata as the new Group CFO, effective 23rd September 2024. Subject to regulatory approval, David will take over the reins of the Group’s financial operations at a crucial time, bringing with him a wealth of experience in global financial services and deep expertise in financial management and analytics. He joins I&M Group from Equity Bank Group, where he served as the Group Director of Finance for over six years.

Rayson Foya has taken up the role of CFO at NBC Tanzania, effective 1 September 2024. He replaces Waziri Barnabas who has retired. Rayson leaves Standard Chartered after 19 years of service, having begun as a clearing officer in 2005 before moving to finance, where he held various roles including management accountant and head of business finance for corporate banking.

Ashington "Ash" Makau has announced his resignation from his role as regional CFO for Africa and Europe at Volcafe. He took on the position of regional head of Future Energies and LPG at Puma Energy, effective September 2024.

Berkeley Energy Uganda has announced the appointment of Stephen Byaruhanga as its new finance director, effective September 2024. With over 20 years of experience in financial management, Stephen brings a wealth of knowledge and expertise to his new role, where he will oversee the financial strategy for Berkeley Energy Uganda’s portfolio of eight renewable energy projects across the country.

After 18 months as the CFO of Uganda Airlines, Andrew Ssekamwa has left the national carrier and joined Movit Products as a chief commercial officer responsible for the Tanzania, Western DRC and Zambia markets. The transition is effective 1 September 2024.

Equity Bank Kenya has appointed Moses Okoth Nyabanda, currently the group chief finance and strategy execution officer at Equity Group Holdings, as acting managing director, pending approval from the Central Bank of Kenya. This follows current MD Gerald Warui's early retirement.