UMRA GETS A SUBSTANTIVE EXECUTIVE DIRECTOR

Edith Namugga Tusuubira is the new substantive Executive Director of the Uganda Microfinance Regulatory Authority.

Ms. Edith Tusuubira replaces Elly Avu Biliku, who has been acting as the Executive Director. Mr Biliku was seconded from the Ministry of Finance Planning and Economic Development to kick start the establishment of the Authority in 2017.

Mr. Biliku has now been transferred to the Ministry of Trade Industry and Cooperatives as an Assistant Commissioner.

Given the wealth of experience in the financial services sector in the background, UMRA board found her exceptional for the Executive Director position observed Ms Jacqueline Mbabazi, the board chairperson of the Authority. “We found you excellent, brilliant and very intelligent during the interviews. You impressed us that is why we gave the job to you”, noted Ms Mbabazi.

The board also appointed the Director of Supervision Mr. Andrew James Nyakoojo, the Director of Finance and Administration Mr. Peter Emong Ojulang.

The recruitment of the Executive Director Edith Tusuubira and the two directors means the top management of the Authority is fully constituted.

Who is Mrs Edith Tusuubira?

Edith possesses over 20 years of experience in the field of financial/investment/risk analysis and project management, 15 years of which are senior management responsibilities. This experience enriches Edith’s successful track record of leadership on teams.

Edith has most recently worked as country manager of Oikocredit an international financial investment organization for 13 years where she was at the helm of all country operations, and initiatives. She managed the credit, equity, guarantee and capacity building partnerships which also included for urban, per urban and rural dwellers, through financing of microfinance institutions and SACCOs.

Edith has also championed all networking activities to ensure the growth of Oikocredit brand into a clear foot path as aligned within the country strategy. She has managed a portfolio in credit and equity investments worth more than Euro 50Million(UGX215BN).

Edith’s continuous involvement on the financial inclusion agenda, has developed into a full grown interest towards helping people increase access to finance.

Upon engagement with various stakeholders within the financial sector space, Edith has learnt to overcome the usual challenges, issues and inefficiencies encountered in order to develop a solid financial sector.

 

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