KAMPALA, UGANDA: dfcu Bank Limited has appointed Mr Charles M. Mudiwa as the new Managing Director and Chief Executive Officer effective April 11, 2023.
He replaces Mr Mathias Katamba who earlier this year resigned from the bank after a two-year stint with Mr Wiliam Ssekabembe occupying the position since then.
“Mudiwa brings on board over 26 years of experience in Banking, with strong business leadership, success in turning around businesses and increasing business profitability,” said dfcu in a statement confirming the new CEO appointment.
Mr Mudiwa takes over the leadership of the Bank “at a critical time as we implement our enhanced customer-obsessed strategy to transform lives and businesses with innovative solutions and empowered people.”
Prior to his appointment to the Bank, Charles had a 20-year journey at Standard Bank Group as CEO of Stanbic Bank Kenya Limited, CEO of Stanbic Bank Zambia Limited; CEO of Standard Bank Malawi and Director Mass Markets at Standard Bank South Africa amongst other roles.
He has previously served on the Boards of Stanbic Bank Zambia and Kenya, Standard Bank Malawi Ltd; Standard Bank Insurance Brokers of South Africa, Edu-loan Limited South Africa, and Agribank Zimbabwe.
dfcu Board Chair Dr Winifred Tarinyeba Kiryabwire described Charles as “a visionary leader who has led financial institutions in various African economies with remarkable success. We welcome him to Uganda and to the dfcu family.”
“I am happy and honoured to join the dfcu team. Building on dfcu’s strong foundation, I look forward to creating sustainable value for our stakeholders and customers thereby contributing to the growth and development of Uganda, the Pearl of Africa,” Charles said in a brief statement after his appointment.
Brief profile
Charles M Mudiwa is the past founding Chairman of Liberty Insurance Company (Zambia Ltd) and past Chairman of the Bankers Association of Zambia.
In 2021 he was recognised among the Top 50 Reputable Bank CEO’s in Africa by Reputation Poll International. Africa Leadership Magazine in 2022 also awarded him the Special African Banking Leadership Excellence Award.
Mudiwa holds an Honours Degree in Economics from the University of Zimbabwe, Post Graduate Diploma in Leadership and Change Management from Leeds Metropolitan University (UK); Advanced Management Programme and Certificate in Digital Transformation and Enterprise Leadership from the Columbia Business School (USA), and a Banking Certificate from the Institute of Bankers of Zimbabwe, among others.
Charles is a certified executive coach and holds a Practitioner’ Diploma in Executive Coaching from the Academy of Executive Coaching (UK). He is a member of the Institute of Bankers of South Africa.
Personal life
Charles is an active Rotarian and served as the Past President of the Rotary Club of Lusaka, and as the Director of Fundraising and Foundation at the Rotary Club of Nairobi Muthaiga North. Additionally, he was the Patron of the Rotary Club of Nairobi Samawati, a corporate chapter at Stanbic Bank Kenya.
the new dfcu Boss believes in family and is a committed husband and father. He is an avid reader, and an amateur chef, and enjoys good music and art. He also serves as a Trustee of Ridgeways Baptist Church in Nairobi.
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