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Equity Bank hosts global investors in Uganda to boost local trade and SME growth

Matooke Republic by Matooke Republic
May 22, 2025
in Business
Reading Time: 2 mins read
Equity Bank's Managing Director Mr Gift Shoko with some of the delegates at the Uganda Trade Mission 2024.

Equity Bank's Managing Director Mr Gift Shoko with some of the delegates at the Uganda Trade Mission 2024.

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Equity Bank Uganda is hosting a high-level two-day trade and investment mission, welcoming over 40 foreign investors from across Africa and around the world.

The delegation, which arrived in Uganda on Wednesday evening, had just concluded a similar mission in Tanzania, visiting both Dar es Salaam and Zanzibar.

This initiative is part of Equity Group’s Africa Recovery and Resilience Plan (ARRP)—a comprehensive strategy to drive cross-border trade, investment, and regional economic integration.

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The investor group includes participants from Asia, Africa, Europe, and the Middle East, ranging from entrepreneurs and private equity firms to institutional investors and development partners. Over the two days in Uganda, delegates will engage in a packed program featuring: Panel discussions, Business-to-business (B2B) networking, Government and private sector forums, and Strategic site visits across key sectors.

The areas of interest span agribusiness, energy, tourism, infrastructure, manufacturing, financial services, and emerging sectors like pharmaceuticals, agri-tech, and mining.

Speaking on the purpose of the mission, Dr. James Mwangi, Equity Group Managing Director and CEO, noted:

“This mission is a strategic effort to unlock the enormous potential that exists in Tanzania and Uganda by connecting global capital to local opportunities. Our goal is to catalyze investment and trade that delivers lasting impact—by creating jobs, enhancing value chains, and driving inclusive economic growth.”

In addition to exploring business partnerships, investors will engage directly with Ugandan policymakers and industry leaders, visit operational sites in priority sectors, and assess opportunities in value addition and technology-driven manufacturing.

This trade mission is the latest in a growing series of successful initiatives led by Equity Group, including previous engagements connecting Uganda with the DRC, Vietnam, India, and broader intra-African trade roadshows. These missions have collectively unlocked billions of dollars in investment, forged new business alliances, and helped strengthen the Africa Free Continental Trade Area (AfCFTA)—an initiative Equity Group actively supports as a signatory and key driver.

Under the Africa Recovery and Resilience Plan, Equity Group is committing funds equivalent to 2% of the region’s GDP to stimulate private sector growth—particularly in agriculture, manufacturing, MSMEs, and infrastructure.

The long-term vision? To reach 100 million people and businesses by 2030, and help create up to 50 million jobs across the continent.

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Tags: Equity BankEquity Bank UgandaEquity Group’s Africa Recovery and Resilience Plan
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From L-R: Equity Bank Uganda Executive Director, Claver Serumaga, Equity Group Chairman, Prof. Isaac Macharia, Group Managing Director and CEO, Dr. James Mwangi and Equity Bank Uganda Managing Director, Gift Shoko, during the FY 2025 Investor Briefing event. Equity Group Holdings Plc posted a 55% growth in Profit After Tax to Kshs. 75.5 billion, up from Kshs. 48.8 billion in the same reporting period in 2024, marking a record performance driven by its successful strategic transformation. The Board proposed a dividend payout of Kshs. 21.7 billion, translating to Kshs. 5.75 per share, a 35.3% increase from Kshs. 16 billion (Kshs. 4.25 per share) in 2024. Regional banking subsidiaries registered a 53% growth in profit after tax to Kshs. 36.3 billion, driven by strong performance across key markets including DRC, Uganda, and Tanzania, alongside robust loan expansion of 17% in DRC, 22% in Rwanda, and 61% in Tanzania. Diversification efforts were reinforced by strong momentum in insurance, with gross written premiums rising 75% and profit before tax increasing 36%. The Group also delivered significant social impact, investing approximately Kshs. 99.5 billion in sustainability initiatives, underscoring its continued evolution into a diversified, technology-driven pan-African financial services group.

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