Overview:
sources have intimated to this website that the dfcu top management favours Mr Madiwa given his proven performance and good work ethic over the years at Standard Bank Group. However, the sources added that the search process is still ongoing and open to change.
KAMPALA — Mr Charles Mudiwa, the former Chief Executive Officer of Stanbic Bank Kenya is leading the race to replace Mr. Mathias Katamba as CEO at dfcu Bank in Uganda, latest developments have indicated.
Mr. Katamba who is set to leave the bank at the end of January 2023 tendered in his resignation from the top role at the start of the year.
Katamba has since been replaced by William Sekabembe, the Executive Director and Chief Commercial Officer who is acting in interim capacity until a substantial CEO is approved by the board.
And now, sources have intimated to this website that the dfcu top management favours Mr Madiwa given his proven performance and good work ethic over the years at Standard Bank Group. However, the sources added that the search process is still ongoing and open to change.
Mr. Madiwa, a Zimbabwean economist served in various capacities within Standard Bank Group, Africa’s largest bank by assets, that has presence in 20 markets across Sub-Saharan Africa.
His previous roles include Executive Director and Chief Executive in multiple markets including Zimbabwe, South Africa, Zambia and Malawi.
His journey at Standard Bank Group started in 2002 when he joined Stanbic Bank Zimbabwe as Executive Director, transforming the bank from a niche player to a mass retail bank and successfully set up Agricultural Bank of Zimbabwe (AgriBank).
His next assignment was at Standard Bank South Africa, with notable milestones in the role including Mzansi, the first interbank financial inclusion product in
South Africa which increased financial inclusion from 46% to 70%.
Charles’ first Chief Executive role was at Standard Bank Malawi, where he turned around the business from number 3 to number 1.
In his capacity as Chief Executive, Stanbic Bank Zambia, he grew the bank to the most profitable bank in 2015, and moved Stanbic to the top of the chart, from number 4 to number 1.
He also took the helm at Stanbic bank Kenya in 2017 and played a significant role in transforming the organization.
Under his leadership, the bank grew tremendously in profitability, moving to position 7 from a starting point of position 9 in December 2017.
Additionally, Charles has championed the bank’s transformation agenda, driving digitization and building of new capabilities.
He described as a diversity champion and notable in this regard was the launch of Standard Bank’s women banking propositions, Anakazi in Zambia and DADA (Dare to Aspire, Dare to Achieve) in Kenya.
Both solutions have grown to become the top financial services solutions for women impacting more than 100,000 women collectively in both countries.