{"id":42857,"date":"2023-01-10T16:12:55","date_gmt":"2023-01-10T16:12:55","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/dfcu-appoints-sekabembe-acting-managing-director"},"modified":"2023-01-10T16:57:04","modified_gmt":"2023-01-10T16:57:04","slug":"dfcu-appoints-sekabembe-acting-managing-director","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/dfcu-appoints-sekabembe-acting-managing-director","title":{"rendered":"Dfcu appoints Sekabembe acting managing director"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>The Dfcu Group board has Tuesday appointed Mr William Sekabembe as the dfcu Bank acting chief executive officer and managing director.<\/p>\n

Mr Sekabembe, who will hold the position in the interim until a substantive managing director is appointed, replaces Mr Mathias Katamba, who last week indicated he had resigned due to personal reasons.<\/p>\n

In a notice sent to shareholders Tuesday, Mr Jimmy Mugerwa, the dfcu Group chairman, indicated that the board had accepted Mr Katamba\u2019s resignation and was in the process of identifying a replacement.<\/p>\n

\u201cIn the interim, the executive director, Mr William Sekabembe will act in the position of chief executive officer and managing director,\u201d he wrote.<\/p>\n

Mr Sekabembe is the current dfcu executive director. He was appointed to the position in August 2016.<\/p>\n

He has held various roles within dfcu including head of development and institutional banking.<\/p>\n

He has more than 24 years of banking experience with extensive knowledge in retail and business banking, credit risk management and product development.<\/p>\n

He has previously worked with Stanbic Bank as head of products and Barclays Bank, now Absa, as head of distribution.<\/p>\n

Mr Katamba, who has served dfcu for four years, is expected to leave by January 31. He was tapped from Housing Finance Bank and was appointed on October 31, 2018, but started official duties on January 2, 2019.<\/p>\n

He replaced Mr Juma Kisaame, whose contract had expired after serving dfcu for 11 years.<\/p>\n

Mr Katamba took over at dfcu after the takeover of some assets of Crane Bank, which elevated its position in terms of profitability and assets.<\/p>\n

However, the bank has had mixed performance with profits dropping by 46 percent during the year ended December 2021, due to an increase in non-performing loans.<\/p>\n

During its 57th virtual annual general meeting, Mr Katamba told dfcu shareholders that the bank would diversify its financial streams in the coming years to include retail personal, retail business and corporate banking to ensure effective recovery and profitability.<\/p>\n

Efforts to get a comment from Ms Winifred M T Kiryabwire, who was in April last year appointed the dfcu Bank chairperson, were futile by press time.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. The Dfcu Group board has Tuesday appointed Mr William Sekabembe as the dfcu Bank acting chief executive officer and managing director. Mr Sekabembe, who will hold the position in the interim until a substantive managing director is appointed, replaces Mr Mathias Katamba, who last week indicated he had resigned due to personal […]<\/p>\n","protected":false},"author":84,"featured_media":42856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,240,234],"class_list":["post-42857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nDfcu appoints Sekabembe acting managing director - Uganda<\/title>\n<meta name=\"description\" content=\"The Dfcu Group board has Tuesday appointed Mr William Sekabembe as the dfcu Bank acting chief executive officer and mana ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/dfcu-appoints-sekabembe-acting-managing-director\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dfcu appoints Sekabembe acting managing director\" \/>\n<meta property=\"og:description\" content=\"The Dfcu Group board has Tuesday appointed Mr William Sekabembe as the dfcu Bank acting chief executive officer and mana ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/dfcu-appoints-sekabembe-acting-managing-director\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-10T16:12:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-10T16:57:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/01\/postQueueImg_1673354584.47.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/dfcu-appoints-sekabembe-acting-managing-director#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/dfcu-appoints-sekabembe-acting-managing-director\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Dfcu appoints Sekabembe acting managing director\",\"datePublished\":\"2023-01-10T16:12:55+00:00\",\"dateModified\":\"2023-01-10T16:57:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/dfcu-appoints-sekabembe-acting-managing-director\"},\"wordCount\":361,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/dfcu-appoints-sekabembe-acting-managing-director#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/01\/postQueueImg_1673354584.47.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/dfcu-appoints-sekabembe-acting-managing-director#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/dfcu-appoints-sekabembe-acting-managing-director\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/dfcu-appoints-sekabembe-acting-managing-director\",\"name\":\"Dfcu appoints Sekabembe acting managing director - 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