Kampala, Uganda | NOW THEN DIGITAL — Josephine Okui Ossiya has assumed the role of Chief Executive Officer at the Capital Markets Authority (CMA), succeeding Mr. Keith Kalyegira, who retired after ten years in the position.
The announcement of Ms. Ossiya’s appointment was made by Dr. Protazio Begumisa, acting on behalf of the Chairman Board, CMA. The transition was marked by a farewell event at Mestil Hotel, where Mr. Kalyegira received commendations for his significant contributions to shaping the Ugandan capital markets.
During his tenure, Mr. Kalyegira played a pivotal role in attracting strategic listings, including MTN, Airtel, and Cipla, injecting substantial capital and strengthening the market’s resilience. He welcomed over 27,600 new investors, diversifying the investor base.
Under his leadership, UGX 110 billion in private and public debt was issued, broadening the investor landscape and contributing to economic growth. Mr. Kalyegira’s commitment to transparency, customer satisfaction, and investor protection was evident through the implementation of a client service charter in 2015, setting high standards for service and fostering investor trust.
His vision for enhancing public understanding of capital markets materialized through Collective Investment Schemes (CISs), attracting 65,000 new investors and infusing UGX 2.2 trillion into the market. These initiatives empowered individuals to make informed investment decisions, promoting financial inclusion and economic growth.
Henry Musasizi, Minister of State for General Duties in the Ministry of Finance, Planning & Economic Development, lauded Mr. Kalyegira’s contributions. In appreciation of his dedication, CMA staff, friends, and colleagues presented Mr. Kalyegira with gifts and heartfelt remarks.
The Capital Markets Authority expressed confidence in Ms. Ossiya’s experience and leadership, anticipating her ability to build on Mr. Kalyegira’s legacy and steer the Ugandan capital markets towards a promising future.
