
Equity Bank Uganda, a subsidiary of Equity Group Holdings Plc., has named Mr. Gift Shoko as its new Managing Director, subject to regulatory approval. Prior to this appointment, Mr. Shoko served as the Executive Director of Equity Bank Uganda. His banking career spans over 26 years, during which he has demonstrated exceptional leadership and a deep understanding of commercial banking operations across Southern and Eastern Africa.
Mr. Shoko holds a Bachelor of Business Studies and Computer Science degree from the University of Zimbabwe and a Master’s in Business Administration (Banking and Finance) from CIMA in Nicosia, Cyprus. He is also certified as an Executive Coach and a Genos Emotional Intelligence Coach, adding valuable dimensions to his leadership style. In addition, he has acquired several other certifications in banking, finance, and corporate governance.
Before joining Equity Bank Uganda, Mr. Shoko held the position of NCBA Group Director for Regional Business, where he oversaw banking subsidiaries across East Africa. He also served as the Chief Executive Officer of Commercial Bank of Africa (Tanzania) Limited for five years, during which he successfully drove the bank’s growth and operational efficiency.
His career began at Nedbank Zimbabwe, where he participated in the Graduate Management Training program. Over time, he advanced to senior management roles, including serving as Group Chief Operating Officer and Group Chief Executive Officer at Trust Holdings Limited. He notably led the reorganization and re-listing of the company on the Zimbabwe Stock Exchange.
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The appointment follows the resignation of Mr. Anthony Kituuka, who served as Managing Director. Mr. Kituuka has been serving a notice period to allow the Board adequate time to appoint his successor. Mr. Kituuka, reflecting on his tenure, expressed gratitude to the board, staff, and stakeholders for their support.
“I am proud of the time that I have served in Equity. I want to thank the Board for their leadership, the staff and all our stakeholders for their support and wish them well as they purpose to be more significant and impact more lives in line with Africa Recovery and Resilience Plan which targets to impact 100 million customers by the year 2030,” he said.
Speaking on the announcement, Equity Bank Uganda Board Chairman Mark Ocitti emphasized the board’s confidence in Mr. Shoko. “Mr. Shoko brings with him a wealth of experience, proven- track-record of leadership and expertise in banking, corporate strategy, and digital transformation which aligns perfectly with our mission to continue delivering innovative and inclusive financial solutions to our customers. We are confident that under Mr. Shoko’s leadership, Equity Bank Uganda will strengthen its commitment to enhancing customer experience and expanding our reach in Uganda.” said Mr. Ocitti.