Who is David Chandi Jamwa?
Jun 22, 2010
JAMWA was born to Amos and Tezira Jamwa of Tororo, in eastern Uganda. His father is a businessman in Tororo. His mother, a politician, is a former MP of North Budama-West.
By Vision Reporters
JAMWA was born to Amos and Tezira Jamwa of Tororo, in eastern Uganda. His father is a businessman in Tororo. His mother, a politician, is a former MP of North Budama-West.
Jamwa graduated with a second-class bachelor of commerce degree from Makerere University in 1994, but attained many additional qualifications. For instance, he is a certified stockbroker from Mercantile Exchange for Commodities and Materials, Kampala.
Jamwa became a certified public accountant at the Institute of Certified Public Accountants of Kenya/Institute of Certified Public Accountants of Uganda in 1996. Between 1993 and 2006, he joined Pricewaterhouse Coopers (PwC) as an audit assistant and rose through the ranks to become a manager for Tanzania.
He had contributed to the opening of a branch in Tanzania in 1997.
Three years later, Jamwa left for PwC UK as a senior manager before returning to Kampala in the same position after two years. Between 2003 and September 2006, Jamwa was a PwC partner.
At PwC, Jamwa did not entertain fraud. In addition to mentoring many young managers, he wrote several pieces detecting and fighting fraud plus offering tips on financial prosperity.
As a senior manager in the Assurance and Business Advisory Division of PwC Uganda and a member of the PwC Africa Financial Services team, Jamwa in 2004 noted that corporate fraud appeared to be on the rise, partly because people had got better at detecting it.
“Fraud is rising because of improved discipline in management, leaving the private sector prey to fraud,†he was quoted in the press.
He noted that greed and peer pressure, careless management, and one person holding more than one key job portfolio in the same company, increased the risk of fraud.
“If your wife is very demanding, it may cause you to have an unbalanced sheet (and) a lot of these are embedded in our African culture,†he argued.
In October 2006, he was appointed the D. Craven Consulting managing director, offering advice to several financial institutions. From here, he joined NSSF.
While still at D.Craven Consulting, on instructions from President Yoweri Museveni, Jamwa led an independent investigation into the student unit cost at Makerere University.
The investigating team comprised officials from the Uganda Revenue Authority, the Internal Security Organisation, State House and professionals. Jamwa presented his findings to Museveni in March 2007.
Before taking over as NSSF boss, the fund had gone through a bad time, including the controversial buying of Nsimbe Estates.
At NSSF, Jamwa was credited for turning the Fund around in six months.
Indeed, during his tenure, NSSF raised the interest rate to 14% after what was termed as good performance.
He was also known for his casual dress code. A former colleague at NSSF commented: “You may not even know that he is the MD, unless you are told.â€
Jamwa is often spotted in NSSF corporate wear and checkered shirts, as opposed to a suit and tie, which is preferred by corporate managers.
A friend from his university days remembers Jamwa as a wealthy student. He was a jovial man who liked to socialise, brilliant but led a simple lifestyle. However, some describe him as a flamboyant and pompous person.
He once lit a cigarette and smoked during a press conference at which he lectured reporters.
In his free time, Jamwa likes to model miniature aircraft carriers, military vehicles and battlegrounds. He also enjoys target sharp shooting, video games, watching movies, listening to music, golf, rugby, American football and soccer.
JAMWA was born to Amos and Tezira Jamwa of Tororo, in eastern Uganda. His father is a businessman in Tororo. His mother, a politician, is a former MP of North Budama-West.
Jamwa graduated with a second-class bachelor of commerce degree from Makerere University in 1994, but attained many additional qualifications. For instance, he is a certified stockbroker from Mercantile Exchange for Commodities and Materials, Kampala.
Jamwa became a certified public accountant at the Institute of Certified Public Accountants of Kenya/Institute of Certified Public Accountants of Uganda in 1996. Between 1993 and 2006, he joined Pricewaterhouse Coopers (PwC) as an audit assistant and rose through the ranks to become a manager for Tanzania.
He had contributed to the opening of a branch in Tanzania in 1997.
Three years later, Jamwa left for PwC UK as a senior manager before returning to Kampala in the same position after two years. Between 2003 and September 2006, Jamwa was a PwC partner.
At PwC, Jamwa did not entertain fraud. In addition to mentoring many young managers, he wrote several pieces detecting and fighting fraud plus offering tips on financial prosperity.
As a senior manager in the Assurance and Business Advisory Division of PwC Uganda and a member of the PwC Africa Financial Services team, Jamwa in 2004 noted that corporate fraud appeared to be on the rise, partly because people had got better at detecting it.
“Fraud is rising because of improved discipline in management, leaving the private sector prey to fraud,†he was quoted in the press.
He noted that greed and peer pressure, careless management, and one person holding more than one key job portfolio in the same company, increased the risk of fraud.
“If your wife is very demanding, it may cause you to have an unbalanced sheet (and) a lot of these are embedded in our African culture,†he argued.
In October 2006, he was appointed the D. Craven Consulting managing director, offering advice to several financial institutions. From here, he joined NSSF.
While still at D.Craven Consulting, on instructions from President Yoweri Museveni, Jamwa led an independent investigation into the student unit cost at Makerere University.
The investigating team comprised officials from the Uganda Revenue Authority, the Internal Security Organisation, State House and professionals. Jamwa presented his findings to Museveni in March 2007.
Before taking over as NSSF boss, the fund had gone through a bad time, including the controversial buying of Nsimbe Estates.
At NSSF, Jamwa was credited for turning the Fund around in six months.
Indeed, during his tenure, NSSF raised the interest rate to 14% after what was termed as good performance.
He was also known for his casual dress code. A former colleague at NSSF commented: “You may not even know that he is the MD, unless you are told.â€
Jamwa is often spotted in NSSF corporate wear and checkered shirts, as opposed to a suit and tie, which is preferred by corporate managers.
A friend from his university days remembers Jamwa as a wealthy student. He was a jovial man who liked to socialise, brilliant but led a simple lifestyle. However, some describe him as a flamboyant and pompous person.
He once lit a cigarette and smoked during a press conference at which he lectured reporters.
In his free time, Jamwa likes to model miniature aircraft carriers, military vehicles and battlegrounds. He also enjoys target sharp shooting, video games, watching movies, listening to music, golf, rugby, American football and soccer.