The Capital Markets Authority of Uganda (CMA Uganda) undergoes a significant transition as Josephine Okui Ossiya takes the helm as the new Chief Executive Officer, succeeding the accomplished leadership of Keith Kalyegira.

The announcement was made by the CMA Uganda Board and Management, marking the end of Kalyegira’s ten-year tenure that has left an indelible mark on the nation’s capital markets landscape.

In a statement released on CMA Uganda’s official Twitter account, the Board and Management expressed their congratulations to Ms. Josephine Okui Ossiya, CPA, FCCA, MBA, extending warm wishes and expressing anticipation for great achievements under her leadership.

The Minister of State for General Duties, Henry Musasizi, conveyed gratitude on behalf of the Ministry of Finance, Planning, and Economic Development to Kalyegira for his visionary leadership during a farewell dinner held at Mestil hotel in Kampala. Musasizi acknowledged Kalyegira’s significant contributions, stating that his tenure had solidified Uganda’s position as a regional leader in capital markets development.

“His legacy of innovation, investor empowerment, and transparency will continue to shape the future of our financial system,” remarked Minister Musasizi.

In his farewell remarks, Keith Kalyegira called upon the Ugandan government to consider establishing an institute dedicated to training capital market professionals, emphasizing the importance of building expertise in the field.

Josephine Okui Ossiya, the newly appointed CEO, brings a wealth of experience to her new role. With a distinguished 27-year finance career in various domestic and international organizations, including her previous position as Chief Financial Officer at Bujagali Energy Ltd and Board Member at the Bank of Uganda, Ossiya is recognized as one of Uganda’s most respected and trusted finance professionals and business leaders.

The announcement marks the end of an era as Kalyegira departs after a decade of leadership excellence.

CMA Uganda expressed heartfelt gratitude for his unwavering commitment and integrity in serving the nation in the capital markets sector.