Bank of Africa Uganda Overview and Services

Bank of Africa Uganda is one of the leading banks in the country, with a strong presence in the financial sector.

The bank was established in 2007 and has since grown to become a major player in the Ugandan banking industry.

Bank of Africa Uganda offers a wide range of services to its customers, including personal banking, corporate banking, and investment banking.

With a network of branches and ATMs across the country, customers can easily access their accounts and conduct financial transactions.

The Bank of Africa Uganda has a well-structured organization that allows for efficient operations.

The bank has a network of branches and agencies across the country, making it easily accessible to its customers.

At the heart of the bank's structure is its Board of Directors, responsible for setting the overall direction and strategy for the bank.

The bank's management team, led by the Managing Director, oversees the day-to-day operations and ensures that the bank's goals are met.

The ownership of BOA Uganda is a crucial aspect of its bank structure. Bank of Africa Group holds the largest share of 47.41% as of 31 December 2022.

Africa Financial Holdings-Indian Ocean of Mauritius is the second-largest shareholder with a percentage ownership of 44.83%.

Central Holdings Uganda Limited trails behind with a 7.76% stake in the bank.

The total ownership of the bank is 100% as shown in the table below.

The bank's governance structure is overseen by a nine-person board of directors. This is a robust framework that ensures accountability and transparency.

Each member of the board brings their expertise and experience to the table, with George William Egaddu serving as the chair.

USSD banking is a convenient way to manage your money on the go, allowing you to perform financial transactions directly from your mobile phone without an internet connection.

It's fast, simple, and secure, making it perfect for busy lives. USSD banking uses a USSD code, which is a protocol used by mobile networks to communicate directly with a user's phone via short codes.

This protocol provides instant, session-based communication, often used for services like balance checks, mobile money transactions, and subscriptions.

Recommended read: In a Fractional Reserve Banking System Banks Create Money Because

Bank of Africa Uganda's physical presence is a significant aspect of its operations. The bank's headquarters and main branch are located at Lugogo One Building, 23 Lugogo Bypass, in the central business district of Kampala.

The bank's new head office, which officially opened in 2022, spans 11,000 square meters with dedicated parking and boasts a Grade A building certificate. This state-of-the-art facility is designed to enhance operational capabilities and foster collaboration among teams.

The head office is strategically located along Lugogo by-pass in Kampala, making it easily accessible to clients and employees alike.

Bank of Africa Uganda Limited has a physical presence in the heart of Kampala, Uganda's capital and largest city.

The headquarters and main branch of the bank are located at Lugogo One Building, 23 Lugogo Bypass.

This central location puts the bank in close proximity to many of Kampala's major businesses and organizations.

The address is: Lugogo One Building, 23 Lugogo Bypass, in the central business district of Kampala.

The new Bank of Africa Uganda headquarters is a state-of-the-art facility that marks a milestone in the bank's journey. Located in Kampala, it spans 11,000 square meters.

The building boasts a Grade A certificate and has dedicated parking for its staff and visitors. It's a significant upgrade from the old office, which could no longer accommodate the growing staff and branch network.

The new head office is designed to enhance operational capabilities and foster collaboration among teams. It's a space that's meant to facilitate teamwork and efficiency.

The facility features energy-efficient ventilation systems and water conservation measures, making it an environmentally friendly building. This reflects the bank's commitment to minimizing its ecological footprint and contributing positively to the communities it serves.

Bank of Africa Uganda has launched a new head office in Kampala, marking a significant milestone in the bank's journey. The new head office is located along Lugogo by-pass.

The bank's Managing Director, Arthur Isiko, sees this investment as a testament to Bank of Africa's strategic vision for the future. This investment is a major step forward for the bank.

The new head office is strategically designed to enhance the bank's operational capabilities, foster collaboration among teams, and facilitate the implementation of cutting-edge technologies. This will undoubtedly improve the client experience.

Bank of Africa Uganda's new head office reflects the bank's commitment to tailoring its services to meet and exceed client expectations.

On a similar theme: Commercial Banks vs Investment Banks