Ecobank Uganda has ushered in a new phase of board leadership following the retirement of Board Chairperson Richard Munanyeza and Board Director Fatuma Sentongo Nagawa, ending a tenure the bank says was marked by stronger governance, improved operational resilience and sustained business growth.
The leadership transition was marked during a farewell dinner held on July 10 at the Grand Ballroom, Four Points by Sheraton Kampala, bringing together board members, senior management, regulators, customers, business leaders and strategic partners.
Munanyeza hands over the board after guiding the bank through a period that saw it strengthen its corporate governance framework, expand customer-focused banking solutions and reinforce its long-term growth strategy. The bank also credits his leadership with driving innovation while maintaining high standards of accountability and oversight.
Reflecting on his tenure, Munanyeza described serving as board chairperson as a privilege.
“Serving as Board Chairperson of Ecobank Uganda has been a tremendous honour. Together with the Board, management, employees and our stakeholders, we have built a stronger institution founded on integrity, resilience and a shared commitment to our customers. I leave with immense pride in what we have achieved together and every confidence that the Bank will continue to grow from strength to strength,” he said.
Board Director Fatuma Sentongo Nagawa also concluded her service after contributing to the bank’s governance and strategic oversight. Ecobank said her professional expertise and guidance helped strengthen the institution’s stability and decision-making.
Ecobank Uganda Managing Director Grace Muliisa said the outgoing board members leave behind a strong foundation that will support the bank’s next phase of growth.
“Richard Munanyeza and Fatuma Sentongo Nagawa have made an extraordinary contribution to Ecobank Uganda. Their leadership, wisdom and unwavering commitment have strengthened our institution and inspired everyone who has had the privilege of working alongside them,” Muliisa said.
She added that their legacy would continue to shape the bank as it pursues greater value for customers, shareholders and the communities it serves.
Incoming Board Chairperson David Frederick Kisitu Mpanga said the bank remains committed to preserving the strong governance culture established by his predecessors while steering Ecobank Uganda through its next chapter.
“Richard Munanyeza’s leadership has been defined by integrity, vision and a steadfast commitment to strong governance. Together with Fatuma Sentongo Nagawa, they have helped establish a solid foundation for Ecobank Uganda’s continued success. We are grateful for their service and remain committed to building on the legacy they leave behind,” Mpanga said.
According to the bank, key achievements during Munanyeza’s tenure included strengthening governance structures, improving operational resilience, expanding customer-centric banking solutions and reinforcing Ecobank Uganda’s competitiveness within the country’s banking sector.
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