Ms Josephine Ossiya has been appointed Chief Executive Officer of the Capital Markets Authority (CMA). Ossiya, formerly the Chief Financial Officer at Bujagali Energy Ltd, and a Bank of Uganda Board Member, replaces Mr. Keith Kalyegira, who has been at the helm of the regulator for ten years. Ossiya is the first woman to hold the position, and joins an array of women who head top Government Authorities, including UNRA, NIRA, KCCA, ERA, Deposit Protection Fund, among others. Ossiya, who was recently elected the first female president of the Institute of Certified Public Accountants of Uganda, joins CMA with a wealth of experience in financial management, planning and accounting. She holds an MBA from the University of Liverpool and membership of CPA and Association of Chartered Certified Accountants (ACCA). As CEO, she is responsible for implementing the decisions of the Board and ensuring the effective discharge of CMA’s mandate and the overall supervision of the management team comprising four Departments. CMA Mandate: The CMA is a statutory body created under the Capital Markets Authority Act in 1996 with the primary responsibility of promoting and facilitating the development of an orderly, fair, and efficient capital markets industry in Uganda. The CMA is also mandated to identify potential risks and assess controls in place to minimize and mitigate those risks. Ossiya’s experience makes her an ideal choice for these vital tasks. She is taking over a busy organisation that currently regulates more than 100 entities.
