Ronald Makata, Stanbic Bank Uganda’s Chief Finance and Value Management Officer, emerged as the standout achiever at the 9th Uganda CFO Awards 2025.
Makata distinguished himself with three prestigious accolades: top honours in Compliance and Governance, Finance Transformation and Technology, and First Runner-Up for CFO of the Year.
Organised jointly by Deloitte Uganda and ACCA Uganda, the CFO Awards recognise finance professionals who demonstrate outstanding financial stewardship, innovation, and value creation—key pillars for sustaining business growth and robust corporate governance across industries.
Makata expressed profound gratitude, noting that the recognition underscored the strong professional culture at Stanbic Bank.
“I am deeply humbled to receive these triple honours. The calibre of professionals recognised highlights the remarkable talent driving Uganda’s financial sector. These awards reflect not only my efforts but also the collective excellence, innovation, and integrity that define Stanbic Bank’s culture,” he said.
Under Makata’s leadership, Stanbic Bank’s finance and value management function has evolved from traditional accounting into a strategic driver of innovation, technology integration, and data-driven decision-making. This transformation aligns with the bank’s vision of fostering sustainable prosperity for Uganda.
“As part of the Standard Bank Group, with over 163 years of history, we are guided by a legacy of strong governance, transparency, and purpose-driven leadership. These values underpin the trust of our clients, shareholders, and communities, ensuring we deliver long-term value for all stakeholders,” Makata added.
Stanbic Bank Uganda’s chief executive, Mumba Kalifungwa, congratulated Makata on his remarkable achievement, describing it as “a proud moment for the Stanbic family and a clear validation of the leadership excellence driving the bank’s success.”
“Ronald’s recognition across multiple categories speaks volumes about the quality of leadership at Stanbic. His achievements reflect our commitment to governance, transformation, and innovation as critical enablers of long-term value creation. We are immensely proud of his role in building a world-class finance function that positions Stanbic Bank Uganda as a trusted partner in driving the country’s growth and prosperity,” said Kalifungwa.
Makata’s accolades coincide with Standard Bank Group, Stanbic’s parent company, being named by Forbes as one of the World’s Best Employers 2025.
