 Bank of Africa Uganda Arua Branch | |
| Company type | Private: Subsidiary of Bank of Africa Group |
|---|---|
| Industry | Financial services |
| Founded | 1984; 40 years ago (1984) |
| Headquarters | Lugogo One Building 23 Lugogo Bypass Kampala, Uganda |
| Key people | George William Egaddu Chairman Arthur Isiko Managing Director |
| Products | Loans, savings, investments, debit cards, credit cards, mortgages |
| Revenue |  Aftertax:UGX:11.638 billion (US$3.02 million) (H1 2023) |
| Total assets | UGX:1,100 billion (US$285.5 million) (H1 2023) |
| Number of employees | 700+ (2024) |
| Website | boauganda |
Bank of Africa Uganda Limited, also known as BOA Uganda (BOAU), is one of the commercial banks in Uganda that have been licensed by the Bank of Uganda, the country's central bank and national banking regulator.
Location
The headquarters and main branch of Bank of Africa Uganda Limited, are located at Lugogo One Building, 23 Lugogo Bypass, in the central business district of Kampala, Uganda's capital and largest city.
Overview
BOA Uganda is involved in all aspects of commercial banking although its focus is on providing banking services to multinational companies, mid-size local enterprises, and small retail businesses. As of June 2023, BOA Uganda was a medium-sized financial services provider, with total assets of UGX:1,100 billion (approximately US$285.5 million), with shareholders' equity of UGX:177.688 billion (approximately US$46.11 million).
Bank of Africa Group
The bank is a member of the Bank of Africa Group, a multinational, Pan African bank headquartered in Casablanca, Morocco, with presence in 20 countries. The group also maintains an office in Paris, France. As of December 2022, the group employed more than 6,500 employees and had a total asset base in excess of €10.2 billion.
History
BOA Uganda started its operations in 1984 as Sembule Investment Bank (SIB). In 1996, SIB was purchased by Banque Belgolaise and the Netherlands Development Finance Company. The new owners renamed the bank Allied Bank. In October 2006, Banque Belgolaise sold its shares to investors that included the Bank of Africa (Kenya), Aureos East Africa Fund LLC, and Central Holdings (Uganda) Limited. The name of the bank was changed to Bank of Africa (Uganda) Limited.
Ownership
The share ownership of BOA Uganda as of 31 December 2022 was as illustrated in the table below:
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Bank of Africa Group | 47.41 |
| 2 | Africa Financial Holdings-Indian Ocean of Mauritius | 44.83 |
| 3 | Central Holdings Uganda Limited | 7.76 |
| Total | 100.00 |
Source:
- Bank of Africa Uganda: Annual Report 2022
Governance
The bank is supervised by a nine-person board of directors, chaired by George William Egaddu, a non-executive board member.
Management team
In December 2010, Edigold Monday was appointed managing director of the bank. She became the first indigenous woman to rise to this level at a Ugandan commercial bank. In April 2014, Monday resigned. Arthur Isiko was appointed to replace her.
Branch network
As of December 2024, the bank maintained branches in all regions of the country, including at the following locations:
- Main Branch: One Lugogo Building, 3 Lugogo Bypass, Kampala
- Ndeeba Branch: 1024 Masaka Road, Ndeeba
- Taxi Park Branch: Mukwano Centre, 40-46 Ben Kiwanuka Street, Kampala
- Kampala Road Branch: 48 Kampala Road, Kampala
- Ntinda Branch: 49 Ntinda Road, Ntinda, Kampala
- Wandegeya Branch: KM Plaza, 85 Bombo Road, Wandegeya, Kampala
- Entebbe Branch: 16 Kampala Road, Entebbe
- Nakivubo Branch: 15 Nakivubo Road, Kampala
- Mukono Branch: 13 Kampala Road, Mukono
- Kabalagala Branch: 559 Ggaba Road, Kabalagala, Kampala
- Oasis Branch: Oasis Mall, 88-94 Yusuf Lule Road, Kampala
- Jinja Main Branch: 1 Main Street, Jinja
- Clive Road Branch: 18 Clive Road East, Jinja
- Arua Branch: 19 Avenue Road, Arua
- Lira Branch: 1A Balla Road, Lira
- Mbarara Branch: 1 Mbaguta Road, Mbarara
- Mbale Branch: 26 Cathedral Avenue, Mbale
- Fort Portal Branch: 14 Bwamba Road, Fort Portal
- Gulu Branch: 11 Awere Road, Gulu
- Kololo Branch: 9 Cooper Road, Kisementi, Kololo, Kampala
- Kawempe Branch: 125 Bombo Road, Kawempe, Kampala
- Nansana Branch: 5390 Nansana Town Centre, Nansana
- Luzira Branch: 1329/1330 Port Bell Road, Luzira, Kampala
- Hoima Branch: 13 Wright Road, Hoima
- Nateete Branch: 1-2 Old Masaka Road, Nateete, Kampala
- Patongo Branch - 33 Dollo Road, Patongo
- Bbira Mini Branch: 2731 Mityana Road, Bbira, Wakiso District
- Namasuba Branch: Freedom City Mall, 4010 Entebbe Road, Namasuba, Kampala
- Kalongo Mini Branch: 16 Patongo Road Kalongo
- Business Centre - 9 Kittante Road, Kampala
- Rwenzori Mini Branch: Rwenzori House, 1 Lumumba Avenue, Nakasero, Kampala
- Masaka Branch: 7 Birch Avenue, Masaka
- Rubirizi Branch: Mbarara-Kasese Highway, Rubirizi.
In addition to the brick-and-mortar branches, the bank has a mobile banking vehicle covering nine districts and key trading centres in the districts of Lira, Pader, Oyam, Lira, Kole, Apac, Dokolo, Kaberamaido, Alebtong, and Otuke.
See also
- List of banks in Uganda
- Banking in Uganda
- Bank of Africa Kenya Limited
- Bank of Africa Rwanda Limited
- Bank of Africa Ghana Limited
References
- ^ Bank of Africa Uganda Limited (19 February 2024). "Bank of Africa Uganda: Half Year Financial Statements For The Six Months Ended 30 June 2023" (PDF). Bank of Africa Uganda Limited. Kampala. Retrieved 19 February 2024.
- Bank of Uganda (31 March 2023). "List of licensed Commercial Banks as at 31 March 2023" (PDF). Bank of Uganda. Kampala, Uganda. Retrieved 20 February 2024.
- ^ Stuart Ampaire (7 February 2024). "Bank of Africa Uganda Launches New Head Office in Kampala". ChimpReports. Kampala, Uganda. Retrieved 19 February 2024.
- Bank of Africa Group (20 February 2024). "Who We Are". Bank of Africa Group. Casablanca, Morocco. Retrieved 20 February 2024.
- Belgolaise (23 October 2006). "Chronology of disposal of banking activities". Brussels: Belgolaise. Retrieved 24 May 2018.
- Jacob Kholi; Managing Partner; Aureos West Africa. "Aureos Capital". Aureos.com. Archived from the original on 10 October 2012. Retrieved 18 December 2012.
- Isiko, Arthur (24 May 2018). "About Bank of Africa Uganda Limited". Kampala: Bank of Africa Uganda. Archived from the original on 30 May 2018. Retrieved 24 May 2018.
- Bank of Africa Uganda (28 April 2023). "Bank of Africa Uganda: Annual Report For The Year Ended 31 December 2022" (PDF). Bank of Africa Uganda. Kampala, Uganda. Retrieved 20 February 2024.
- Bank of Africa Uganda (20 February 2024). "Bank of Africa Uganda: Board of Directors". Bank of Africa Uganda. Kampala, Uganda. Retrieved 20 February 2024.
- David Ssempijja (26 December 2010). "Uganda Gets Her First Local Woman Commercial Bank Managing Director". New Vision. Archived from the original on 2014-04-16. Retrieved 29 May 2014.
- Ismail Musa Ladu (15 April 2014). "Uganda's First Female Bank Managing Director Bows Out". Daily Monitor. Kampala, Uganda. Archived from the original on 16 April 2014. Retrieved 16 April 2014.
- Faridah Kulabako (28 April 2014). "Mobile Money Competition Stiffer As Bank Unveils Related Platform". Daily Monitor. Kampala, Uganda. Retrieved 5 May 2014.
- Bank of Africa Uganda (October 2020). "Branches of Bank of Africa Uganda Limited" (PDF). Bank of Africa Group. Retrieved 20 February 2024.
- Jonathan Adengo (30 April 2015). "Bank of Africa Posts USh1.2 Billion Profit Up From USh6.7 Billion Loss In 2013". Daily Monitor. Kampala, Uganda. Archived from the original on 1 May 2015. Retrieved 1 May 2015.
- "About Bank of Africa Uganda Limited". AfricaSkillz.com. 2022. Retrieved 20 February 2024.
External links
- Official website
- Overview of Bank of Africa (Uganda)
- Inside Bank of Africa Uganda’s New Kampala Headquarters
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00°20′11″N 32°36′00″E / 0.33639°N 32.60000°E / 0.33639; 32.60000
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