Equity Bank Uganda, a subsidiary of Equity Group Holdings Plc, has announced the appointment of Gift Shoko as its new Managing Director, subject to regulatory approval. This move signals the bank’s ambition to leverage technology and leadership expertise to enhance its digital and customer-focused banking solutions.
This announcement follows the resignation of the outgoing Managing Director, Anthony Kituuka, and highlights the bank’s commitment to driving innovation and efficiency in Uganda’s financial sector.
Who is Gift Shoko?
Gift Shoko is a distinguished banking professional with over 26 years of experience spanning commercial and multi-regional banking, leadership, and corporate strategy across Southern and Eastern Africa.
Before his new role, Shoko served as the Executive Director of Equity Bank Uganda. His extensive experience includes:
• Digital Transformation Expertise: Shoko has overseen digital and operational transformations in his previous roles, making him well-suited to drive Equity Bank Uganda’s tech-forward agenda.
• Strategic Leadership: He played a pivotal role in regional banking as Group Director for Regional Business at NCBA, managing subsidiaries across East Africa.
• Operational Excellence: As CEO of Commercial Bank of Africa (Tanzania), he spearheaded significant growth initiatives.
Shoko’s academic credentials further underline his expertise. He holds:
• A Bachelor’s degree in Business Studies and Computer Science from the University of Zimbabwe.
• An MBA in Banking and Finance from CIMA, Cyprus.
• Certifications in Executive Coaching, Emotional Intelligence, and leadership from globally recognized institutions.
The Tech-Led Vision for Equity Bank Uganda
The appointment comes as Equity Bank Uganda seeks to strengthen its digital transformation and customer experience initiatives. Speaking on behalf of the Board, Chairman Mark Ocitti expressed confidence in Shoko’s ability to lead the bank into a new era.
“Gift Shoko brings unmatched expertise in digital banking, corporate strategy, and operational leadership. His track record aligns perfectly with our mission to deliver innovative and inclusive financial solutions to our customers,” said Ocitti.
Equity Bank Uganda’s growth trajectory is expected to be fueled by Shoko’s focus on:
• Enhancing Digital Banking Platforms: As Uganda’s banking sector shifts towards digital solutions, Shoko’s leadership will play a critical role in scaling Equity Bank’s mobile and online banking services.
• Customer-Centric Innovations: With a deep understanding of customer behavior, Shoko is positioned to introduce tailored financial solutions that address the evolving needs of Ugandans.
Digital Disruption in Uganda’s Banking Sector
Equity Bank Uganda’s leadership transition underscores a broader trend of digital disruption in Uganda’s financial sector. With increasing adoption of fintech solutions and rising customer demand for seamless banking experiences, banks are doubling down on innovation.
Under Shoko’s leadership, the bank aims to stay ahead of these trends, leveraging technology to expand access to financial services and enhance efficiency.
What’s Next for Equity Bank Uganda?
While Shoko’s appointment awaits regulatory approval, the bank has reiterated its commitment to maintaining seamless operations during the leadership transition.
The Board also extended its gratitude to Anthony Kituuka for his contributions as the outgoing Managing Director.
As Shoko assumes leadership, all eyes will be on how Equity Bank Uganda navigates the dynamic banking landscape, with an emphasis on digital transformation and financial inclusion.
