The Kikonyogo Capital Markets Award (KCMA) is an annual ceremony held in honor of the late Governor of the Bank of Uganda, Mr. Charles N. Kikonyogo and seeks to recognize the outstanding contribution of an individual towards the development of the capital markets industry in Uganda. The Award recognises one who has emulated the contribution of the late Governor in the industry’s development.
The Late Governor Kikonyogo was very instrumental in the establishment and development of the capital markets industry in Uganda; He secured continual funding for industry activities and provided logistical support to the Capital Markets Authority (CMA) and the Uganda Securities Exchange (USE). He therefore holds a very special place in the history of the industry. In view of the crucial role that he played in establishment and development of capital markets, the industry accords a permanent remembrance and recognition of the late Governor’s work, through the KCMA.
The Kikonyogo Capital Markets Award is independently administered by PricewaterhouseCoopers (PwC), a leading accounting firm which manages the process of collecting nominations, evaluating the results and declaring the winner(s). A cross section of key players in the market including individuals from the private sector, officials from various Government entities, Members of Parliament, the Central Bank, commercial banks, development banks, the donor community and capital markets industry players have been invited to participate in the nomination process.
The award criteria categories include effort, influence, action, consultation and personality. The nominators consider whether the candidate’s efforts have been original, innovative, self-initiated, self promoted and whether his/her efforts have been outstanding under the circumstances in view of other persons in similar positions. They also consider whether the candidate has used his/her influence appropriately to promote the industry and if he/she has solicited the influence of others as well. The nominee’s efforts should have been translated into appropriate action which action will have to be sustainable. He/She should have liaised and consulted closely with the industry and other stakeholders in the formulation and implementation of his/her efforts. Lastly the nominee should possess the qualities that would enable him/her be regarded as a role model in the industry.
This year’s Kikonyogo Capital Markets Award (KCMA) ceremony was held on the 11th of May, 2006 at the Sheraton Rwenzori Ballroom.
The winner of the 2006 KCMA was Mr. Leo Kibirango, former Chairman of the Capital Markets Authority, the first runners up were Dr. Louis Kasekende, Chief Economist at the African Development Bank and Mr. Bill Donovan, Resident Advisor of the Capital Markets Project. At this year’s ceremony, the guest speaker, Mr. Simpiwe Tshabalala, Deputy Chief Executive Retail Banking, Standard Bank group, South Africa, made a presentation on ‘The Role of Banks in Financial Intermediation and Capital Markets in Uganda.’
The previous three awards have been won by Mr. Michael Opagi, Director Privatisation Unit, Mr. Andrew Owiny, Executive Director MBEA and Mr. Emmanuel Tumusiime Mutebile, Governor of Bank of Uganda.
