Stanbic Bank Uganda’s Chief Finance and Value Management Officer, Ronald Makata, emerged as one of the biggest winners at the 9th edition of the Uganda CFO Awards 2025, held Thursday evening in Kampala under the theme “CFO Vision: Creating Impact and Legacy.”
Makata distinguished himself as a triple honouree, clinching top accolades in Compliance and Governance, Finance Transformation and Technology, and securing the First Runner-Up position for CFO of the Year. The recognitions underscore his exceptional leadership, strategic foresight, and contribution to redefining finance excellence in Uganda’s banking sector.
Jointly organised by Deloitte Uganda and ACCA Uganda, the CFO Awards celebrate finance professionals who demonstrate excellence in financial stewardship, innovation, and value creation—key drivers of sustainable business growth and strong corporate governance.
Speaking after receiving the awards, Makata described the recognition as both humbling and affirming of the professional culture that Stanbic Bank continues to nurture.
“I receive these triple honours with deep humility. The calibre of professionals recognised tonight reflects the depth of talent driving Uganda’s financial sector forward,” Makata said. “These awards are not just a personal achievement—they reflect the collective excellence, innovation, and integrity that define the Stanbic Bank culture.”
Under his leadership, Stanbic Bank’s finance and value management function has evolved beyond traditional accounting into a strategic enabler of innovation, technology integration, and data-driven decision-making, advancing the bank’s mission of driving sustainable prosperity for Uganda.
“As part of the Standard Bank Group, which has been in business for over 163 years, we are guided by a legacy of robust governance, transparency, and purpose-driven leadership,” Makata added.
“These values sustain the trust of our clients, shareholders, and the communities we serve—ensuring that we continue to create long-term value for all stakeholders.”
Stanbic Leadership Applauds Achievement
Stanbic Bank Uganda Chief Executive, Mumba Kalifungwa, congratulated Makata on the milestone, describing it as “a proud moment for the Stanbic family and a validation of the leadership excellence that drives the bank’s success.”
“Ronald’s recognition across multiple categories speaks volumes about the quality of leadership we have at Stanbic,” Kalifungwa said. “His achievements embody our commitment to governance, transformation, and innovation as key enablers of long-term value creation. We are proud of his contribution to building a world-class finance function that continues to position Stanbic Bank Uganda as a trusted partner in driving the country’s growth and prosperity.”
Makata’s honours come at a time when Standard Bank Group, Stanbic’s parent company, was recently named by Forbes among the World’s Best Employers 2025—ranking #1 in Africa, #3 globally in Banking and Financial Services, and #28 overall among 900 multinational companies.
The accolades further affirm the Group’s reputation for fostering strong governance, innovation, and inclusive leadership across its markets on the African continent.