Equity Bank Uganda has announced the appointment of Gift Shoko as its new Managing Director, a strategic move aimed at enhancing the bank’s position in the competitive financial sector and fostering innovation in East Africa.
Bringing over 26 years of banking experience across Southern and Eastern Africa, Shoko steps into his new role with a strong track record of leadership and expertise. Prior to this appointment, he served as the Executive Director of Equity Bank Uganda, where he was instrumental in crafting the bank’s strategic direction and driving business growth.
Shoko’s extensive career includes notable leadership roles, such as Group Chief Operating Officer and Group Chief Executive Officer at Trust Holdings Limited, a Zimbabwe Stock Exchange-listed financial services company. During his tenure, he successfully restructured the organization and facilitated its return to the stock exchange.
He also led Commercial Bank of Africa (Tanzania) Limited as CEO for five years, where he spearheaded initiatives to expand the bank’s presence and strengthen its competitive edge in the Tanzanian market.
Academically, Shoko is well-qualified, holding a Bachelor’s degree in Business Studies and Computer Science from the University of Zimbabwe and an MBA in Banking and Finance from CIMA in Nicosia, Cyprus. He has also earned various certifications in banking, finance, and leadership, underscoring his commitment to professional excellence.
Mark Ocitti, Chairman of the Board at Equity Bank Uganda, expressed confidence in Shoko’s ability to lead, stating, “Gift Shoko’s extensive experience and leadership skills make him the right choice to guide Equity Bank Uganda into its next phase of growth and innovation.”
Equity Bank Uganda, a subsidiary of Equity Group Holdings Plc, operates across six African countries, including Kenya, Uganda, Tanzania, Rwanda, South Sudan, and the Democratic Republic of Congo. Shoko’s leadership is expected to reinforce the bank’s mission of providing innovative, customer-focused financial services and contributing to the growth of Uganda’s banking sector.
With this appointment, Equity Bank Uganda aims to strengthen its market position and continue delivering value to its customers in the evolving financial landscape.