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Equity Bank Uganda delegation visits Nation Media Group to strengthen collaboration

Matooke Republic by Matooke Republic
July 4, 2025
in Business
Reading Time: 2 mins read
Nation Media MD Nsibirwa and Equity Bank Managing Director Gift Shoko (middle) at the Daily Monitor offices in Namuwongo.

Nation Media MD Nsibirwa and Equity Bank Managing Director Gift Shoko (middle) at the Daily Monitor offices in Namuwongo.

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A delegation from Equity Bank Uganda, led by Managing Director Gift Shoko, paid a courtesy visit to the Nation Media Group (NMG) head office in Namuwongo, a suburb of Kampala, on Thursday, 3rd July 2025.

The visit is part of a series of strategic engagements the Bank is undertaking to foster stronger collaborations with media partners.

Shoko was accompanied by Olivia Mugaba, Head of SME Banking, and Clare Tumwebaze, Head of Marketing and Communications at Equity Bank.

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The team was warmly received by NMG Uganda Managing Director Susan Nsibirwa, alongside Hajara Batuka, Head of Marketing; Allan Chekwech, Managing Editor at Daily Monitor; George Kihuria, General Manager, Finance; and Sam Barata, General Manager, Commercial.

Ms Nsibirwa highlighted Nation Media Group’s extensive East African footprint—encompassing Daily Monitor, NTV, KFM, and The EastAfrican—and emphasised potential areas of collaboration to amplify Equity Bank’s story across Uganda and the wider region.

She also expressed appreciation for the Bank’s consistent partnership, particularly its three-year sponsorship of the Top 100 initiative and its broader support for socio-economic development programmes across the country.

In his remarks, Shoko noted that Equity Bank currently serves 2.3 million customers in Uganda. He outlined the Bank’s key focus sectors, including agriculture, trade, small and medium enterprises (SMEs), retail, manufacturing, energy, and the environment.

Nation Media MD Nsibirwa and Equity Bank Managing Director Gift Shoko shaking hands after the meeting.

He further emphasised the Bank’s efforts in providing social protection for refugees, as well as extending affordable credit to youth, women, and farmers.

The two institutions agreed to explore collaborative content initiatives, with a shared vision of promoting impactful storytelling around youth and women’s empowerment, and committed to ongoing engagement for mutual growth.

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Tags: Equity Bank UgandaGift ShokoNation Media GroupSusan Nsibirwa
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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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