Executive Committee

Shem Kakembo

 Managing Director

Shem is an experienced banker who joined EFC Uganda from a local commercial bank where he has been the Head of Personal Markets (Retail) and before that Head of Customer Channels at the same Bank where he pioneered digitization and Agent banking. Previously, he was MD at a Microfinance Bank in Rwanda and has also worked with World Vision International as Senior Financial Specialist for Africa. Shem is a Chartered Accountant and a Certified Retail Banker. Shem also holds a B.Com and an MBA in Finance.

Brian Jjemba

Head of Business Development

Brian has over 16 years of work experience in the financial services industry.  Prior to joining the EFC Team in 2018, he was working with a Microfinance institution as General Manager overseeing the Ugandan Market. Brian also served as; Investment Manager with a Funds Management Institution, Relationship Manager Corporate and Institutional Banking, and Medium Enterprises with a pan African bank, Business Credit Analyst, Personal Financial    Consultant, and a Customer Service Consultant, at a global Bank. Brian holds a Master’s Degree in Business Administration from Walden University (Minnesota, USA), a degree in Business Administration (Accounting) from Makerere University and a certificate in Advanced Commercial Lending and Small Business.

Jimmy Kisomba

Chief Internal Auditor

Jimmy has worked with EFC Uganda since March 2018. He has 10 years banking experience in both operations and internal audit. Prior to joining EFC, Jimmy worked with a reknowned global microfinance institution as Senior Internal Auditor and Ag. Head of Internal Audit from where he undertook international audit engagements with the same institution in DRC, Nigeria and Washington DC – USA. Jimmy worked with two commercial banks in various operational and supervisory roles. He is a member of Institute of Internal Auditors and an Associate member of Institute of Certified Public Accountants of Uganda (ICPAU). Jimmy received a meritorious academic award from ICPAU for being the best student in two papers (Financial Accounting and Economic Environment) He has completed five management courses from Franklin Covey.

Forb Mesach Businge

Head of Credit

Forb Mesach Businge has worked with EFC Uganda Limited (MDI) since 03rd July 2017. He has over 14 years of work experience in the financial services industry.  Forb moved to EFC from one of the leading MDIs in Uganda where he won numerous awards and recognition for innovation and being a team player. Forb holds a Master’s Degree of Science in Development Economics from Makerere University. He has a certificate in Agriculture Financing and Agricultural Insurance, Rural Development Financing from the Bankers Institute of Rural Development in Lucknow India, a certificate in Credit Management and SME Lending. Forb has worked as a Commercial Loans Officer, Credit Supervisor, Credit officer, Credit Administrator, Branch Manager, and Linkage Banking Manager with various financial institutions prior to Joining EFC in 2017.


Sylvia Stellah Tamale

Head of Savings and Other Financial Services

Sylvia Stellah has over 10 years work experience in the financial services industry. She holds a Bachelor of Arts Degree in Management from Bhopal (Barkatullah) University and a Postgraduate Diploma in Financial Management, from India. Prior to joining the EFC team in 2015,
Sylvia Stellah worked as a Country Operations Manager for another microfinance institution in Uganda. She has good expertise in the fields of people and process management, distribution and sales generation, and business development gained through the various stages of her career.

Joanne Bagandanswa Nakabungo, LLB (UCU), Dip LP (LDC)

Company Secretary

Joanne holds a Bachelors of  Law Degree from Uganda Christian University where she
graduated in the top five percentile of her class. She also holds a Diploma in Legal Practice from Law Development Center and an Advocate of the High Court of Uganda and all the courts subordinate thereto with extensive knowledge and experience of land and commercial transactions. Joanne joined EFC Uganda Limited in 2015 and advises the company on a wide range of company issues
spanning across formation, corporate governance, compliance, taxation and labor laws. She is knowledgeable of the operation of the banking laws and the financial sector in Uganda having
provided support in the compliance of Bank of Uganda regulations, other regulatory requirements and ensured the compliance of company policies.
She is also a member of the Uganda Law Society and the East African Law Society.

Anthony Acuda

Anthony Acuda

Chief Information Officer

Anthony has more than 8 years of work experience in the IT industry. He holds a Bachelor of Science in Information Technology from Sikkim Manipal University India. He also possesses certifications in server virtualization , cyber security management from Charles Sturt University Australia , CompTIA Security Plus and a certificate in management skills from Frankfurt school of Finance and Management Germany .
He has been with EFC since its inception in 2012 and is one of its longest serving employees. He has vast experience in server management, system administration, application deployment, network management and has pedigree in leading and managing IT projects.
He was also recognized by staff and management of EFC as most valuable employee in the year 2016 for the second consecutive year, most outstanding department and best manager due to his gallant performance culture, dedication and outstanding leadership skills.

Tracy Bagonza, LLB (UCU)

Chief Compliance Officer

Tracy Bagonza has worked with EFC Uganda Limited (MDI) for five years. Tracy joined EFC in 2013 as an Executive Assistant where she played a key role in supporting the institution attain its MDI License from Bank of Uganda.  This saw her rise through the ranks to hold the positions of Risk and Compliance Officer, Compliance Officer and then Assistant Compliance Manager, a position she has held for the past two years. As head of the compliance unit, Tracy has managed to build a strong team that oversees the institution wide compliance risk. She has a developed and thorough understanding in the fields of governance, compliance and risk management. She holds a Bachelor of Laws degree (Honors) from Uganda Christian University.