Corporate Affairs

CPA Ossiya replaces Kalyegira as new Capital Markets Authority Boss

Dr. Protazio Begumisa acting on behalf of the Chairman Board, CMA (Centre) announced the incoming CEO, Ms. Josephine Okui Ossiya (R) who will take over from Mr. Keith Kalyegira (L) - Photo/Handout

Kampala, (UG): CPA Josephine Okui Ossiya has taken over the mantle to lead the Capital Markets Authority (CMA) as the new Chief Executive Officer.

Dr Protazio Begumisa, acting on behalf of the Chairman Board, CMA, announced the appointment of Ms. Ossiya as the new boss of CMA replacing Mr. Keith Kalyegira who retired after serving 10 years in the same position.

During a farewell event held at Mestil Hotel, several market leaders and the business community commended Mr Kalyegira’s pivotal role in shaping the Ugandan capital markets.

Henry Musasizi, Minister of State for General Duties in the Ministry of Finance Planning & Economic Development also commended Mr. Kalyegira’s contributions whose decade-long tenure attracted strategic listings, including MTN, Airtel, and Cipla, injecting substantial capital and enhancing the resilience of the market, the business experts said at the event.

Kalyegira’s term also welcomed over 27,600 new investors, diversifying the investor base.

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He spearheaded the issuance of UGX 110 billion in private and public debt, broadening the investor landscape and fostering economic growth through a more diversified financial system.

A cornerstone of his leadership was his unwavering dedication to transparency, customer satisfaction, and investor protection. He implemented a client service charter in 2015, setting a high standard for service and fostering trust among investors.

His vision for enhancing public understanding of the capital markets was further realized through the Collective Investment Schemes (CISs), which attracted 65,000 new investors and infused UGX 2.2 trillion into the market.

These efforts empowered individuals to make informed investment decisions, promoting financial inclusion and driving economic growth.

As a token of appreciation for his decade of dedication, CMA staff, friends and colleagues presented Mr. Kalyegira with gifts and heartfelt remarks made by the Director of Research & Market Development, Mr. Dickson Ssembuya.

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The Capital Markets Authority said it is confident that Ms Ossiya’s experience and leadership will continue to propel the organization forward, building on Mr Kalyegira’s legacy and leading the Ugandan capital markets towards a bright future.

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