Kampala, Uganda – 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.
The appointment was made by the Board of Directors, following the resignation of Anthony Kituuka as Managing Director of Equity Bank Uganda.
Mr Shoko, who previously served as the bank’s Executive Director, brings over 26 years of experience in the banking industry to his new role. His background includes commercial multi-regional banking and leadership across Southern and Eastern Africa.
A seasoned professional, Mr Shoko has held various senior positions in the banking sector. He was the Group Chief Operating Officer and Group Chief Executive Officer at Trust Holdings Limited (THL), a Zimbabwe Stock Exchange-listed diversified financial services group.
During his tenure at THL, Mr Shoko successfully reorganized the company and led its re-listing on the stock exchange. He also served as the Chief Executive Officer of Commercial Bank of Africa (Tanzania) Limited for five years, where he was instrumental in steering its growth.
In addition, Mr Shoko was the NCBA Group Director for Regional Business, overseeing all banking subsidiaries in East Africa. His career in banking began at Nedbank Zimbabwe, where he participated in the Graduate Management Training program before advancing through various senior management roles.
Mr Shoko holds a Bachelor of Business Studies and Computer Science degree from the University of Zimbabwe, a Masters in Business Administration (Banking and Finance) from CIMA in Nicosia, Cyprus, and several certifications in banking, finance, and leadership. He is also a certified Executive Coach and a certified Genos Emotional Intelligence Coach.
The Board of Directors at Equity Bank Uganda expressed confidence in Mr Shoko’s ability to lead the bank, citing his wealth of experience and proven track record of leadership.
“We are pleased to announce the appointment of Mr Gift Shoko as the new Managing Director of Equity Bank Uganda, subject to regulatory approval,” said Mark Ocitti, Board Chairman.
“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.”
Mr Ocitti added that the bank was confident that under Mr Shoko’s leadership, Equity Bank Uganda would strengthen its commitment to enhancing customer experience and expanding its reach in Uganda.
“We wish Mr Shoko success as he embarks on this exciting journey and look forward to the positive impact he will undoubtedly have on our Bank, our customers, and the communities we serve,” he said.
The Board congratulated Mr Shoko on his appointment, which is subject to regulatory approval.
