• EDITORIAL POLICY
  • ABOUT US
PML Daily
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
PML Daily
No Result
View All Result
suubula suubula suubula
Home BUSINESS

dfcu shops for Katamba, snubs Ssekabembe weeks after he rejected top KCB job

MAURICE MUHWEZI | PML Daily Writer /Social Media Editor by MAURICE MUHWEZI | PML Daily Writer /Social Media Editor
October 17, 2018
in BUSINESS
0 0
138
VIEWS
FacebookWhatsAppTwitter
DFCU courts Housing Finance’s Mathias Katamba snubbing Ssekabembe in a twist of events (FILE PHOTO)

KAMPALA – The dfcu Bank board is negotiating with Housing Finance Bank Managing Director Mathias Katamba to take over the reigns at the troubled financial institution, industry sources have intimated to this online newspaper.

Mr Katamba, a seasoned bank executive is being sought after to replace Mr Juma Kisaame, who is due to leave the dfcu Bank under a cloud, following shareholder troubles after the takeover of Crane Bank, a transaction that has put the bank in the spotlight.

DFCU Chief of Business & Executive Director Mr William Ssekabembe has declined a lucrative offer at KCB bank to stay at DFCU Bank (FILE PHOTO)

“The board has approved Mr. Katamba as the as their choice of the next MD,” a source said Wednesday evening.

Executives were tightlipped about the latest developments, choosing to offer no comment.

The development is bound to unsettle Mr. William Sekabembe, the number two in the hierarchy of the dfcu Bank, who weeks ago, declined a lucrative offer to take over the position of Managing Director at KCB bank, citing personal reasons.

In a September 5 Letter, William Ssekabembe declines to take the opening of MD at KCB bank

In a September 5 letter to the head of human resources at KCB bank, Mr Sekabembe, who is the Chief of Business & Executive Director at dfcu Bank, a job he took over in October 2016 said he had changed his mind about moving to the competitor and will stay put at the troubled dfcu Bank, which is in the storm of the eye following the controversial takeover of Crane Bank in January 2017.

“Despite the very encouraging upward mobility described within the organisation, I think it would be in my best interest to remain employed in my current position at dfcu Bank for private reasons,” Mr. Sekabembe said in his decline letter.

Mr. Sekabembe had been positioned to replace dfcu Managing Director Mr. Juma Kisaame, who has since come under fire following the botched up takeover of the Crane Bank, that has been faulted by the Auditor General.

 

Under DFCU Bank MD, Juma Kisaame (FILE PHOTO)

Mr Kisaame found himself in the spotlight for his role in the takeover of Crane Bank after directors accused him of not carrying out enough due diligence, an issue that has caused turmoil in the running of the bank and unrest among its shareholders.

 

The last few months have seen CDC Group Plc, the bank’s second majority shareholder seek to sell their shares. Shortly after the CDC announcement, Deepak Malik, the CEO of Arise B.V; dfcu’s majority shareholder also resigned from the board.

Comments

Tags: dfcu bankJUma Kisaamessekabembe William

Related Posts

dfcu Bank unveiled Bounce Bank Loans campaign for businesses and individuals (PHOTO/Courtesy).
BUSINESS

dfcu Bank launches new exciting campaign for businesses, individuals

March 3, 2021
88
Ms. Veronica Sentongo has been appointed as the dfcu bank’s new Chief Change & Innovation Officer (PHOTO/Courtesy).
BUSINESS

dfcu Bank appoints Veronica Sentongo as Chief Change & Innovation Officer

January 5, 2021
903
dfcu Bank’s Segment Head, Public Sector Carolyn Andama (PHOTO/Courtesy)
BUSINESS

dfcu Bank to hold dialogue on sustainable management of NGOs in a COVID-19 era

November 30, 2020
294
dfcu Bank’s Head, Personal Banking, Miranda Bageine Musoke said the partnership with Prudential will enable the Bank to do more to support their customers (PHOTO/Courtesy).
BUSINESS

dfcu Bank partners with Prudential Uganda to offer hospital cash cover insurance

November 25, 2020
312
Mathias Katamba, CEO dfcu Bank (PHOTO/Courtesy)
BUSINESS

dfcu Bank targets the informal sector with its unsecured Baraka loan

October 27, 2020
3k
dfcu Bank in partnership to enhance financial and digital inclusion in Uganda (PHOTO/Courtesy).
BUSINESS

dfcu signs with Rabobank to enhance digital inclusion in Uganda

July 23, 2020
273

Advertisement






 

 

About

The PML Daily, published via www.pmldaily.com is a publication of Post Media Ltd, a professional Digital/New Media company in Uganda.

Follow us

KIU

  • EDITORIAL POLICY
  • ABOUT US

© 2021 PMLDAILY.COM.

No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines

© 2021 PMLDAILY.COM.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In