Next Media Group Chairman Karisa ends his 10-year tenure as Board Chairman Eco Bank Uganda.

The Next Media Chairman Kin Karisa has ended his service as Chairman Board Eco Bank Uganda after 10 years.

Kin was appointed Ecobank’s Board Chairman of directors in 2019 replacing Hery Lubwama who served in the position for over 6 years.

Kin announced his retirement recently revealing that he is a happy man to have left at the stage when Eco Bank has grown.

“Thank you, Ecobank Uganda, for over 10 years of great memories, lessons, and innovation. To my fellow Board Members, the Managing Directors we had, and staff, it’s been a pleasure being your Board Chairman. I am especially happy I leave with a #Uganda-n WOMAN (Grace Muliisa) as Managing Director, where we found experts!”- kin posted.

At the send-off dinner, the Deputy Governor Bank of Uganda, Dr. Michael Atingi-Ego, applauded outgoing Kin Kariisa Director Gertrude Lutaaya, for their diligent service to the bank and industry.

Deputy Speaker Rt Hon Thomas Tayebwa said thanked Kin’s diligent work while serving at Eco bank and said that Ecobank through its digitization, bancassurance products, and agency banking model, has seen an opened opportunity for new income streams for the youth across the country. Just like it is across the world, the pandemic’s effect was huge, and the recovery from this will take a lot of effort from both the public and private sectors to address.

“Allow me to thank Ecobank under Kin’s leadership for participating in the economic recovery fund, for managing the risk of transmission which has kept Uganda which is supporting the businessmen and women to revive the businesses as we revive the economy at large,” he said

The Managing Director of Eco bank, Grace Muliisa, told the outgoing Chairman and Director as integral parts of Ecobank’s story in Uganda. She hailed Kin Kariisa as a hands-on Chairman who did not only effectively provide strategic direction for the Board and Management but was always available to guide and support “me and the team.

“There is no single moment that we have needed him, and he was not available. He is the kind of Chairman we knew we could invariably turn to for advice and support at critical periods of stress and trials and he never let us down,” she said.

Ecobank Uganda, has over the last decade, rising from a greenfield operation and today has 10 branches and 2 service points mainly in Kampala and Greater Kampala with two upcountry branches in Jinja and Mbarara. However, the bank’s services can be accessed all over the country via the Agent Banking Company platform of 20,000 agents across the country. The bank also has a vast array of convenient and efficient digital and web banking platforms that among others include Ecobank Online and Mobile Application (internet banking), Ecobank Omni –Plus and Lite (payment solutions for Corporate and Institutional customers; Rapid transfer (for cross border remittances) and Rafiki – a virtual banking assistant.

Ecobank Uganda is a bank in Uganda that operates as a commercial bank under a license granted by the Bank of Uganda, the central bank and national banking regulator and it opened its doors to Uganda in 2009