Equity Bank Uganda has announced the appointment of Mr. Gift Shoko as the new Managing Director, pending regulatory approval. Mr. Shoko previously held the position of Executive Director at the bank and brings over 26 years of experience in the banking sector, particularly in commercial multi-regional banking across Southern and Eastern Africa.
Mr. Shoko holds a Bachelor’s degree in Business Studies and Computer Science from the University of Zimbabwe and a Master’s in Business Administration with a specialization in Banking and Finance from CIMA in Nicosia, Cyprus. He is also a certified Executive Coach and a qualified Genos Emotional Intelligence Coach, in addition to various other professional accolades.
Before joining Equity Bank, Mr. Shoko served as the NCBA Group Director for Regional Business, where he was responsible for overseeing all banking subsidiaries in East Africa. He has a proven track record of growth, having previously been the Chief Executive Officer of Commercial Bank of Africa (Tanzania) Limited for five years, where he played a crucial role in the bank’s development. Mr. Shoko began his career at Nedbank Zimbabwe, progressing through senior management roles, and later became the Group Chief Operating Officer and Chief Executive Officer at Trust Holdings Limited, a diversified financial services group listed on the Zimbabwe Stock Exchange.
The announcement comes after the resignation of Mr. Anthony Kituuka, the former Managing Director of Equity Bank Uganda. Mr. Mark Ocitti, Chairman of the Board, expressed enthusiasm about Mr. Shoko’s appointment, highlighting his wealth of experience and commitment to innovative financial solutions. “Mr. Shoko brings a proven track record of leadership and expertise in banking, corporate strategy, and digital transformation that aligns perfectly with our mission to continue delivering innovative and inclusive financial solutions to our customers,” Ocitti noted.
The Board is confident that under Mr. Shoko’s leadership, Equity Bank Uganda will enhance its customer experience and expand its reach across Uganda. The bank looks forward to the dedicated impact Mr. Shoko will have not just on the institution, but also on its customers and the communities it serves.
