At the time he was appointed CEO of Absa Bank Uganda, Kalifungwa was the chief financial officer (CFO) at
Absa Bank Botswana Limited, a position he served in since 2015. Before that, he served as the CFO at then Barclays Bank of Zambia (now
Absa Bank Zambia). His banking career goes back to 1995. He started out at
Coopers and Lybrand which today is
PricewaterhouseCoopers. Later, he joined the Zambia Revenue Authority, serving there as senior accountant. He then joined Absa Bank Zambia. On 1 April 2020, Kalifungwa replaced Nazim Mahmood, who held the CEO position at Absa Bank Uganda, in acting capacity since July 2019. ==Professional associations and societies==