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Equity Bank Uganda Appoints Gift Shoko as Managing Director

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Equity Bank Uganda Appoints Gift Shoko as Managing Director
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Equity Bank Uganda Limited, a subsidiary of Equity Group Holdings Plc, has announced the appointment of Mr. Gift Shoko as its new Managing Director, pending regulatory approval.

The appointment follows the resignation of Mr. Anthony Kituuka and marks a significant leadership transition for the bank.

With over 26 years of experience in the banking sector, Mr. Shoko brings a wealth of expertise in commercial banking, leadership, and multi-regional operations across Southern and Eastern Africa.

His academic credentials include a Bachelor of Business Studies and Computer Science from the University of Zimbabwe and a Master’s in Business Administration (Banking and Finance) from CIMA in Nicosia, Cyprus.

Mr. Shoko is also a certified Executive Coach and Genos Emotional Intelligence Coach, complementing his professional certifications in banking, finance, and leadership.

Prior to this appointment, Mr. Shoko served as the Executive Director of Equity Bank Uganda, where he played a pivotal role in driving strategic initiatives.

His illustrious career includes serving as the NCBA Group Director for Regional Business, where he oversaw banking subsidiaries in East Africa.

Notably, Mr. Shoko was the CEO of Commercial Bank of Africa (Tanzania) Limited, where he spearheaded growth strategies over a five-year tenure.

Earlier in his career, he contributed significantly to Nedbank Zimbabwe through its Graduate Management Training program and later assumed senior management roles.

Mr. Shoko’s tenure as Group Chief Operating Officer and Group Chief Executive Officer at Trust Holdings Limited (THL), a Zimbabwe Stock Exchange-listed financial services group, stands out for his successful restructuring efforts, culminating in the company’s re-listing on the stock exchange.

He has also served on various boards in Zimbabwe, Zambia, and Malawi, solidifying his corporate governance expertise.

Speaking on behalf of the Board, Mr. Mark Ocitti, Chairman of Equity Bank Uganda, expressed confidence in Mr. Shoko’s ability to lead the bank into its next phase of growth.

“We are pleased to announce the appointment of Mr. Gift Shoko as the new Managing Director of Equity Bank Uganda, subject to regulatory approval.

Mr. Shoko brings with him a wealth of experience and a proven track record in leadership, corporate strategy, and digital transformation.

His expertise aligns perfectly with our mission to deliver innovative and inclusive financial solutions to our customers.”

Mr. Ocitti further highlighted the bank’s optimism about Mr. Shoko’s impact on customer experience, market reach, and community engagement.

Equity Bank Uganda has established itself as a key player in Uganda’s banking sector, focusing on digital innovation and inclusive financial services.

With total assets exceeding Shs 3.4 trillion and a customer base spanning over 1.3 million, the bank has consistently prioritized growth and innovation.

Under Mr. Shoko’s leadership, Equity Bank Uganda aims to strengthen its position in the market while driving its mission to empower communities through financial inclusion.

The Board extended its congratulations to Mr. Shoko, expressing confidence in his ability to make a lasting impact on the bank, its customers, and the wider community.

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