Strategic Advisor, Impact Investment Advocate, Capital Markets
Kampala, Uganda
Joined February 2012
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Keith Kalyegira retweeted
Last evening, I joined guests at Serena Hotel to celebrate 30 years of the Capital Markets Authority, an important institution in Uganda’s financial sector.
It is a milestone worth celebrating. However, I challenged the Authority to look beyond its past achievements and focus on the next 30 years. Our ambition to build a USD 500 billion economy requires patient, long-term capital to finance businesses, value addition, industrialisation and job creation. @CmaUganda has a critical role to play in mobilising this capital.
CMA should democratise capital markets and make them more accessible to ordinary Ugandans. Currently, only about 0.5% of Ugandans participate in the stock market. I would like to see a future where a teacher in Mitooma can invest part of their salary in a listed company and benefit from its growth.
I pledged Parliament’s readiness to support reforms that make listing more affordable while maintaining investor confidence and market integrity.
Congratulations to the past and present CMA leadership, staff and stakeholders who have contributed to the achievements of the past three decades.
Keith Kalyegira retweeted
A new era of connectivity has arrived.
Yesterday, we made history as Airtel Starlink officially launched in Uganda. Bringing connectivity beyond traditional network coverage and opening new possibilities for staying connected, wherever you are.
#AirtelXStarlink
Keith Kalyegira retweeted
The most meaningful relationships are achieved when you and others can speak openly to each other about everything that's important, learn together, and understand the need to hold each other accountable to be as excellent as you can be.
When you have such relationships with those you work with, you pull each other through challenging times; at the same time, sharing challenging work draws you closer and strengthens your relationships.
This self-reinforcing cycle creates the success that allows you to pursue more and more ambitious goals. #principleoftheday
Keith Kalyegira retweeted
A MESSAGE OF GRATITUDE, REFLECTION AND HEALING
People of Tooro, friends of Tooro, and all those who stood with us,
As we come to the end of one of the most painful chapters in the recent history of our Kingdom, I wish, on behalf of the Tooro Kingdom administration and on my own behalf, to express our profound gratitude to everyone who stood with us and supported the final journey and dignified send-off of our beloved King, His Majesty Omukama Oyo Nyimba Kabamba Iguru Rukidi IV.
Our responsibility during these difficult days was clear: whatever else was happening around us, we had to see this journey through with the dignity, respect and honour befitting our King. We had to put aside our differences, manage our grief and work together to ensure that His Majesty was laid to rest in a manner worthy of the Crown he carried and the people he served.
In a special way, I wish to recognise and thank Prince Jonathan Bala, His Majesty’s Principal Private Secretary, for his loyalty, dedication and service to our King. Throughout this extraordinarily difficult period, his commitment to His Majesty remained steadfast. He carried an enormous personal and official responsibility, often under very difficult circumstances, and continued to serve with dedication until the very end. He deserves our sincere acknowledgement and gratitude.
I thank His Excellency the President, General Muhoozi, the Royal Family, the Government of Uganda, religious and cultural leaders, the organising committees, the media, our Kingdom leadership, clans and Masaza, volunteers, businesses and partners, the people of Tooro, Ugandans across the country, the diaspora and friends from beyond our borders. Whether you contributed your time, resources, professional expertise, food, transport, prayers, presence or simply stood with us in solidarity, you became part of His Majesty’s final journey. We are deeply grateful.
We recognise that everything may not have been done perfectly. This was an unprecedented moment for our generation. We were mourning our King while simultaneously carrying the enormous responsibility of organising his final journey. Emotions were understandably high, decisions sometimes had to be made under extraordinary pressure, and grief affected us all in different ways.
Where we fell short of expectations, where communication could have been better, or where anyone felt disappointed by our actions or omissions, I offer my sincere apologies. These shortcomings should never be mistaken for a lack of respect or commitment. We were a people grieving an immense loss while doing everything within our ability to honour our King.
Now that we have laid His Majesty to rest, another journey begins.
This must be a period of learning, refocusing, rebuilding and healing.
We must learn from what these difficult weeks revealed about our institutions and ourselves. We must strengthen what worked, honestly address what did not, rebuild trust where it has been strained and allow ourselves, individually and collectively, the space to heal.
There will be difficult conversations ahead. There will be institutional questions that require wisdom and clarity. There may be different opinions about the way forward. But our differences must never become greater than the Kingdom we all belong to.
This is not the time for winners and losers. It is the time for responsible leadership, humility and reconciliation.
His Majesty’s passing should remind us that positions are temporary, but Tooro remains. Personal ambitions pass, disagreements pass and generations pass, but the responsibility of preserving this Kingdom for those who come after us endures.
Our guiding principle in the days ahead must therefore remain simple:
Tooro comes first.
Above personalities. Above positions. Above disagreements. Above individual interests.
May we find the wisdom to learn, the humility to reconcile, the courage to rebuild and the strength to move forward together.
@ObukamaBwaTooro
Keith Kalyegira retweeted
I have met the leadership of Absa bank today to discuss opportunities for supporting Uganda to implement its Tenfold Growth Strategy.
The @AbsaUganda team was led by Keith Kalyegira, the Chairman of the Board of Directors and David Wandera the Managing Director.
I thanked @AbsaUganda for contributing to the growth of the economy, adding that reduction of interest rates should be part of their priorities to attract more business from government and also contribute to the growth of the economy.
The country needs cheap money to support the anchor sectors including agro-industrialization and tourism development as well as the enablers, including infrastructure development (roads,railway) and industrial parks for manufacturing & agro-processing.
I urged @AbsaUganda to work towards providing cheap capital to both public and private sector.
Keith Kalyegira retweeted
Hear from the CEOs of @stanchartug, @srughani, and @AbsaUganda CEO @DavidAWandera on the next phase of the banks’ transition. The focus remains on service continuity, customer protection, and a transparent, well-governed process.
Keith Kalyegira retweeted
Today I shared my vision for the Ministry with @mofpedU top management team as i embark on executing my mandate.
While chairing the maiden top management meeting, I noted that my commitment is to transition Uganda from incremental growth to exponential economic take-off through these five pillars.
1️⃣ The USD 500 billion target. We shall relentlessly execute the tenfold growth strategy to turn Uganda into a 500 billion-dollar-economy.
2️⃣Enforcing absolute discipline. We shall shift the Ministry culture from spending money to enforcing results.
I will also demand strict budget discipline, aggressive procurement reforms and rigorous value for money audits on all public projects.
3️⃣Aggressive revenue mobilization. We shall implement the second domestic revenue mobilization strategy to push our revenue to GDP ratio to at least 20%, cutting external dependency.
4️⃣Presidential wealth creation agenda. The Ministry will prioritise funding and tracking the commercialization of the smallholders to ensure every Ugandan enters the money economy.
5️⃣Smart oil governance. We shall manage our impending oil revenues with bulletproof institutional guardrails and oil revenue will be used to build infrastructure.
The goal is for Uganda to become an oil producer but never an oil dependent economy.
Keith Kalyegira retweeted
FINANCE MINISTER STARTS WORK:
Finance Minister @henrymusasizi1 officially started work today.
He was recieved by the PSST @rggoobi together with his senior technical team.
The PSST congratulated the the Minister upon his appointment to the senior political leadership position at @mofpedU
Dr.Ggoobi and team also briefed the Minister about the the budget speech he will present this Thursday at Kololo ceremonial grounds.
@henrymusasizi1 expressed gratitude to H.E the President @KagutaMuseveni for giving him this responsibility at @mofpedU
"I am happy that I am here to start work on Heroes' Day," said the Minister.
#DoingMore
#NoMoreSleep
Keith Kalyegira retweeted
Taxes collected in East Africa in 2024/2025.
Kenya collected $19.9 billion from taxes in 2024/25.
Tanzania collected $11.9 Billion.
Uganda collected $8.8 Billion.
Rwanda collected $2.2 Billion
South Sudan collected $217 Million.
Ports are giving back to Kenya and Tanzania. Rwanda managed with tourism and exports.
Keith Kalyegira retweeted
"Luganda is the official unproclaimed language of Uganda. When I went to Karamoja, Kabale and elsewhere, they understand and speak Luganda. Around 28m Ugandans understand Luganda,"- Katikkiro Charles Peter Mayiga @cpmayiga @BugandaKingdom_
Keith Kalyegira retweeted
VARIATION BETWEEN ESTIMATED PROJECT COST AT FEASIBILITY STAGE AND ESTIMATED PROJECT COST AT PROCUREMENT INITIATION (TENDER ANNOUNCEMENT):
The PSST @rggoobi has issued a circular to all Accounting Officers of @GovUganda to adhere to the approved scope and project cost estimates approved at the feasibility stage.
Dr. Ggoobi said the variation between the estimated project cost at feasibility stage and at procurement initiation if neccesary shall not exceed 15% of the approved feasibility cost.
"All variations must be fully justified in line with the PPDA Act,Cap 205," said the PSST,adding that Accounting Officers will be held personally accountable for any breach of these instructions.
According to the instructions,design reviews shall only be taken where there is verifiable and justifiable need.
For more details👇👇👇
finance.go.ug/sites/default/…
Keith Kalyegira retweeted
One way to make the Treasury Bonds Market even much better, is find a way where people (retail investors) can buy and sell to each other.
That liquidity at better pricing will make the market way better.
Keith Kalyegira retweeted
PSST @rggoobi speaking this morning in Washington D.C. at the Ministerial Roundtable on Sustainable Solutions,Jobs and self reliance in Refugee situations.
Keith Kalyegira retweeted
THE ROLE OF EMOTIONAL INTELLIGENCE IN LEADERSHIP
Leadership is often discussed in terms of strategy, results, and technical skill. But in practice, it comes down to how well you understand and work with people.
Keith Kalyegira retweeted
Q1 2026 in Review 📈: The Black Diamond’s list shrinks to three, Telecom Stocks Shine, Eight Dividend Payers Keep Investors Smiling. See our latest update below.
Keith Kalyegira retweeted
Harvard tracked 724 men for 80 years to figure out what makes you live longer.
They measured everything from income to IQ, and even genetics.
The #1 predictor of an early death? Had nothing to do with any of it...
Here's what they found (thread):
Keith Kalyegira retweeted
Today, the Capital Markets Authority (CMA) Uganda officially launched its 30th anniversary celebrations at a press conference; marking three decades of safeguarding investors, strengthening market integrity, and contributing to Uganda’s economic growth.
Over the years, CMA has built and now supervises a diverse and dynamic ecosystem of institutions that are central to the functioning of Uganda’s capital markets. These include an Authorized Corporate Director, an Open-Ended Investment Company, Trustees, Securities Central Depositories, Stock Brokers, Unit Trust Managers and their respective schemes, Investment Advisers, Fund Managers, Custodians, Dealers, Transaction Advisers, Authorized Registrars, Stock Exchanges, a Commodities Exchange, Venture Capital Funds, a Self-Regulatory Organization, Recognized Schemes, a Commodities Broker, and a Credit Rating Agency.
Since its establishment in 1996, CMA has played a central role in shaping Uganda’s financial ecosystem. The Authority has facilitated the raising of UGX 2.3 trillion through public offers, grown market capitalization to UGX 15.9 trillion, and mobilized UGX 5.6 trillion in collective investments. More than 273,000 Ugandans are now active participants in the securities market.
CMA’s efforts have also supported significant activity in public markets, with transactions such as divestitures, shareholder exits, and secondary offers generating UGX 2.2 trillion in equity markets and UGX 290 billion in the corporate bond space. These figures reflect real capital raised by businesses and real returns delivered to investors.
Private markets have also emerged as a vital growth channel. Over the past decade, they have mobilized more than UGX 1.8 trillion into priority sectors such as agro-industrialization and mining, contributing to increased production, job creation, and an expanded tax base.
Beyond capital formation, CMA continues to drive innovation across the market through initiatives such as sustainability bonds, crowdfunding, Islamic capital markets, and its Regulatory Sandbox. Investor education efforts have also expanded significantly, reaching over 20 million Ugandans.
The year-long CMA@30 programme will feature nationwide engagements, a capital markets symposium, and storytelling initiatives, culminating in the Capital Markets Awards during World Investor Week in October 2026.
As Uganda advances toward Vision 2040, CMA remains committed to expanding access to investment opportunities, mobilizing long-term capital, and building a trusted, inclusive, and resilient capital market.
#CMAat30 #ProtectingYourInvestments #UgandaCapitalMarkets #InvestorConfidence #Vision2040
Keith Kalyegira retweeted
Over the past 2–3 years, Absa Group has been part of nearly USD1 billion in big-ticket deals across East Africa — financing power generation, telecommunications expansion, road infrastructure and national grid upgrades.
Behind these transactions is a broader strategy: positioning the bank at the centre of East Africa’s next wave of economic growth.
In an exclusive conversation with CEO East Africa Magazine, Absa Regional Chief Executive Saviour Chibiya explains why the bank is betting on the region and why Absa wants to become the “Bank of Choice for Economic Development.”
@Absa @AbsaUganda @HNangonzi
ceo.co.ug/we-want-to-be-the-…
Keith Kalyegira retweeted
The @USEUganda 2025 Story: Baroda Surges, UMEM Pays, UCL Plunges.
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