The Opportunity Bank Uganda and appointed Robert Ongodia as its new chief executive officer (CEO). Mr. Ongodia is replacing Emmanuel Tineyi Mawocha who was named the bank’s regional director for Africa.
Ongodia was the non-executive director of UGAFODE Microfinance Limited and a senior director of global investments at Accion. He holds a master’s degree in public administration from Columbia University of New York and a bachelor of science in economics from Makerere University.
He worked with Musoni Kenya Limited as a non-executive director, Microvest Capital Management, FINCA Microfinance Bank Tanzania and FINCA Uganda.
He has also lectured international economics at Makerere University, served Bank of Uganda as Banks Examiner, worked at the World Bank as a ‘short-term consultant’ and headed the loans department at Centenary Bank (1996-1999).
His predecessor, Mawocha, had been in that role since 2016 and his tenure has seen the bank’s assets grow from Shs75 billion in 2016 to Shs165 billion.
The bank is owned by five shareholders, namely MyBucks (49%), Opportunity Transformational (39%), Faulu Trust (7.14), Opportunity International Canada (6.06) ad Food for the Hungry Organization (1.01).