Equity Bank Uganda has announced the appointment of Gift Shoko as its new managing director, a move aimed at strengthening the bank’s market position and fostering innovation in the East African financial landscape.
With over 26 years of banking experience across Southern and Eastern Africa, Shoko brings a wealth of expertise to his new role. He previously served as Executive Director of Equity Bank Uganda, where he played a pivotal role in shaping strategy and driving business expansion.
Shoko’s career includes leadership roles such as Group Chief Operating Officer and Group Chief Executive Officer at Trust Holdings Limited, a diversified financial services entity listed on the Zimbabwe Stock Exchange. His accomplishments there included successfully reorganizing the company and facilitating its stock exchange re-listing.
Additionally, Shoko spent five years as Chief Executive Officer of Commercial Bank of Africa (Tanzania) Limited, where he led efforts to expand the bank’s footprint and strengthen its market position.
A highly qualified professional, Shoko holds a Bachelor of 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 multiple certifications in banking, finance, and leadership.
Mark Ocitti, Board Chairman of Equity Bank Uganda, expressed confidence in Shoko’s leadership, stating, “Gift Shoko brings a wealth of experience and expertise to his new role, and we are confident that he will advance the bank’s growth and innovation agenda.”
Equity Bank Uganda, a subsidiary of Equity Group Holdings Plc, operates in six African markets, including Kenya, Uganda, Tanzania, Rwanda, the Democratic Republic of Congo, and South Sudan. Shoko’s leadership is expected to further bolster the bank’s mission of delivering customer-centric financial solutions and driving growth in Uganda’s dynamic banking sector.
Shoko is set to assume his new role in the coming weeks. The appointment is pending regulatory approval.
