Management Team

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.


Derick Musaazi

Executive Director

Derrick is a career banker with over 20 years of combined banking experience. He has for the past six (6) years been the Head of Credit for one of the renowned commercial Bank in Uganda. He spent the last 17 years of his banking career working as Head of Risk Management and Credit functions of three of the largest banks (by portfolio and profitability) in Uganda. This has exposed him to an end understanding of banking as a business and to the key business drivers and trends in banking at a strategic level. He also possesses very strong strategic insights as well as a practical understanding of banking strategy and execution.

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  both Institute of Internal Auditors and 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.

Hellen Mukasa

ag. Head of Credit

Dedicated professional with over 15 years’ experience in the financial industry undertaking various credit risk management roles. Worked as a Manager Credit Evaluation, Risk Manager, Home loans, Credit Manager Administration and Team leader in Vehicle and asset Financing, Trade and Agriculture. Fully accredited in credit skills development. Enjoy working in a team-setting but also able to build lasting relationships with customers & key stakeholders. Hellen is a holder of a Master’s in business Administration and management from Uganda Martyrs University, Nkozi. Interested in reading into sports.

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.

Faisal Kasujja

Chief Information Officer

Faisal is a certified information systems security professional with extensive experience managing project deliverables with quality and efficiency within high-profile organisations. He has the ability to plan resources for user requirements and design functional specifications. Kasujja is proficient in redesigning software deployments to cut operational expenditure license costs. He is an expert in managing IT infrastructure, from design to building.


Richard Bikaatu Kigozi

Chief Finance Officer

Richard Bikaatu Kigozi has over 16 years senior management experience in the financial services industry. He is a professional accountant with ACCA and ICPAU membership. He holds a Master’s degree in Business
Administration (MBA) from Makerere University Business School (MUBS) and Bachelor’s degree of Commerce from Makerere University. Prior to joining the EFC team in August 2018, Richard worked as Head of the Finance and Accounts department for BRAC Uganda Microfinance Ltd, Real People Financial Services Ltd and Vision Fund Uganda Ltd. He was also a Head of Treasury, Senior Internal Auditor as well as Finance Officer at one of the leading microfinance deposit taking institution (MDI) in Uganda.

Edward Senoga

Head of Sales Service & Distribution

Edward has worked with EFC since August 2018. He has over 10 years banking experience in Sales and Service. Before joining EFC, Edward worked with two renowned Commercial banks as Personal Financial Consultant, Sales Manager (Direct Sales) and Regional Sales and Service Manager. He was also recognized by staff and management of these two commercial banks as the Best Sales Manager Best Regional Sales and
Service Manager due to his great performance culture, dedication and outstanding leadership skills. Edward is Certified Professional Banker with Uganda Institute of Banking and Financial services and also holds a Bachelor’s degree of Science in Quantitative Economics from Makerere University


Sophie Nakazibwe

Chief Risk Officer

Sophie is a seasoned Risk professional with over 10 years’ global experience, with leading international firms, providing risk management oversight, business process engineering, compliance and internal control. Adept in partnering with business and process owners in increasing awareness and understanding of business risks, driving process improvement and enabling business sustainability and transformation. Sophie Joined EFC from a local commercial bank where she had been Risk Manager. Prior to that, she was Head of Financial Crime Control at the same bank where she successfully provided oversight over for the planning and implementation of a robust risk management and fraud investigation framework that reduced fraud losses by over 80%. Sophie holds B.A Social Sciences (Upper Second) from Makerere University and she is pursuing an MBA from Edinburgh Business School.