Bank of Africa Uganda

Ugandan commercial bank

Bank of Africa Uganda Limited

Bank of Africa Uganda Arua Branch

Company type| Private: Subsidiary of Bank of Africa Group
Industry| Financial services
Founded| 1984; 41 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)[1]
Total assets| UGX:1,100 billion (US$285.5 million) (H1 2023) [1]

Number of employees

| 700+ (2024)
Website| boauganda.com

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.[2]

## Location

[edit]

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.[3]

## Overview

[edit]

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).[1]

## Bank of Africa Group

[edit]

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.[4]

## History

[edit]

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),[5] Aureos East Africa Fund LLC,[6] and Central Holdings (Uganda) Limited. The name of the bank was changed to Bank of Africa (Uganda) Limited.[7]

## Ownership

[edit]

The share ownership of BOA Uganda as of 31 December 2022 was as illustrated in the table below:[8]

Bank of Africa Stock Ownership  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

[edit]

The bank is supervised by a nine-person board of directors, chaired by George William Egaddu, a non-executive board member.[9]

## Management team

[edit]

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.[10] In April 2014, Monday resigned.[11] Arthur Isiko was appointed to replace her.[12]

## Branch network

[edit]

As of August 2025, the bank maintained branches in all regions of the country, including at the following locations:[13]

1. Main Branch: One Lugogo Building, 3 Lugogo Bypass, Kampala[3]
2. Ndeeba Branch: 1024 Masaka Road, Ndeeba
3. Taxi Park Branch: Mukwano Centre, 40-46 Ben Kiwanuka Street, Kampala
4. Kampala Road Branch: 48 Kampala Road, Kampala
5. Ntinda Branch: 49 Ntinda Road, Ntinda, Kampala
6. Wandegeya Branch: KM Plaza, 85 Bombo Road, Wandegeya, Kampala
7. Entebbe Branch: 16 Kampala Road, Entebbe
8. Nakivubo Branch: 15 Nakivubo Road, Kampala
9. Mukono Branch: 13 Kampala Road, Mukono
10. Kabalagala Branch: 559 Ggaba Road, Kabalagala, Kampala
11. Oasis Branch: Oasis Mall, 88-94 Yusuf Lule Road, Kampala
12. Jinja Main Branch: 1 Main Street, Jinja
13. Clive Road Branch: 18 Clive Road East, Jinja
14. Arua Branch: 19 Avenue Road, Arua
15. Lira Branch: 1A Balla Road, Lira
16. Mbarara Branch: 1 Mbaguta Road, Mbarara
17. Mbale Branch: 26 Cathedral Avenue, Mbale
18. Fort Portal Branch: 14 Bwamba Road, Fort Portal
19. Gulu Branch: 11 Awere Road, Gulu
20. Kololo Branch: 9 Cooper Road, Kisementi, Kololo, Kampala
21. Kawempe Branch: 125 Bombo Road, Kawempe, Kampala
22. Nansana Branch: 5390 Nansana Town Centre, Nansana
23. Luzira Branch: 1329/1330 Port Bell Road, Luzira, Kampala
24. Hoima Branch: 13 Wright Road, Hoima
25. Nateete Branch: 1-2 Old Masaka Road, Nateete, Kampala
26. Patongo Branch - 33 Dollo Road, Patongo
27. Bbira Mini Branch: 2731 Mityana Road, Bbira, Wakiso District
28. Namasuba Branch: Freedom City Mall, 4010 Entebbe Road, Namasuba, Kampala
29. Kalongo Mini Branch: 16 Patongo Road Kalongo
30. Business Centre - 9 Kittante Road, Kampala
31. Rwenzori Mini Branch: Rwenzori House, 1 Lumumba Avenue, Nakasero, Kampala
32. Masaka Branch: 7 Birch Avenue, Masaka[14]
33. 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.[15]

## See also

[edit]

* Banks portal

* List of banks in Uganda
* Banking in Uganda
* Bank of Africa Kenya Limited
* Bank of Africa Rwanda Limited
* Bank of Africa Ghana Limited

## References

[edit]

1. ^ a b c 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.
2. ^ 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.
3. ^ a b Stuart Ampaire (7 February 2024). "Bank of Africa Uganda Launches New Head Office in Kampala". ChimpReports. Kampala, Uganda. Retrieved 19 February 2024.
4. ^ Bank of Africa Group (20 February 2024). "Who We Are". Bank of Africa Group. Casablanca, Morocco. Retrieved 20 February 2024.
5. ^ Belgolaise (23 October 2006). "Chronology of disposal of banking activities". Brussels: Belgolaise. Archived from the original on 24 August 2018. Retrieved 24 May 2018.
6. ^ Jacob Kholi; Managing Partner; Aureos West Africa. "Aureos Capital". Aureos.com. Archived from the original on 10 October 2012. Retrieved 18 December 2012.
7. ^ 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.
8. ^ 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.
9. ^ Bank of Africa Uganda (20 February 2024). "Bank of Africa Uganda: Board of Directors". Bank of Africa Uganda. Kampala, Uganda. Retrieved 20 February 2024.
10. ^ 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.
11. ^ 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.
12. ^ Faridah Kulabako (28 April 2014). "Mobile Money Competition Stiffer As Bank Unveils Related Platform". Daily Monitor. Kampala, Uganda. Retrieved 5 May 2014.
13. ^ Bank of Africa Uganda (October 2020). "Branches of Bank of Africa Uganda Limited" (PDF). Bank of Africa Group. Retrieved 20 February 2024.
14. ^ 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.
15. ^ "About Bank of Africa Uganda Limited". AfricaSkillz.com. 2022. Retrieved 20 February 2024.

## External links

[edit]

* Official website
* Overview of Bank of Africa (Uganda)
* Inside Bank of Africa Uganda’s New Kampala Headquarters

0°20'11.0"N 32°36'00.0"E

* v
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Kampala District

Capital: Kampala

Divisions|

* Kampala Central Division
* Kawempe Division
* Lubaga Division
* Makindye Division
* Nakawa Division

Neighborhoods|

* Banda
* Bugoloobi
* Bukoto
* Busega
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* Kansanga
* Kaleerwe
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* Kasubi
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* Kawempe
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* Kibuye
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* Kyambogo
* Kyebando
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* Makerere
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* Mengo
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* Naakulabye
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* Nakawa
* Nakawa–Naguru Estates
* Namirembe
* Namungoona
* Namuwongo
* Nateete
* Ndeeba
* Nsambya
* Ntinda
* Old Kampala
* Port Bell
* Wandegeya

Banking|

* Bank of Uganda
* Uganda Deposit Protection Fund
* ABC Bank (Uganda)
* Absa Bank Uganda Limited
* Bank of Africa Uganda Limited
* Bank of Baroda Uganda Limited
* Bank of India (Uganda)
* DFCU Group
* Cairo Bank Uganda
* Centenary Bank
* Citibank
* DFCU Bank
* Diamond Trust Bank
* Ecobank
* Equity Bank
* Exim Bank (Uganda)
* Finance Trust Bank
* Guaranty Trust Bank
* Housing Finance Bank
* I&M Bank Uganda
* KCB Bank Uganda Limited
* NCBA Bank Uganda
* Opportunity Bank Uganda Limited
* PostBank Uganda
* Salaam Bank Uganda
* Stanbic Bank Uganda Limited
* Standard Chartered Uganda
* Tropical Bank
* United Bank for Africa
* East African Development Bank
* Uganda Development Bank
* Pride Microfinance Limited
* FINCA Uganda Limited
* UGAFODE Microfinance Limited
* Exodus Sacco
* Yako Bank Uganda Limited
* Letshego Microfinance Uganda

Industry|

* Aya Group
* Quality Chemical Industries Limited
* FI Holdings–House of Dawda Group
* Mukwano Group
* Kiira Motors Corporation
* Sarrai Group

Media|

* Daily Monitor
* New Vision
* New Vision Group
* The Independent (Uganda)
* The Observer (Uganda)

Information technology|

* Airtel Uganda
* K2 Telecom
* MTN Uganda
* Uganda Communications Commission
* Uganda Telecommunications Corporation Limited
* Vodafone Uganda

Economy|

* Dott Services
* National Housing and Construction Company
* Tirupati Development Uganda Limited
* Insurance Regulatory Authority of Uganda
* National Food and Drug Authority
* National Planning Authority
* National Identification and Registration Authority
* National Social Security Fund
* National Water and Sewerage Corporation
* Uganda Securities Exchange
* Uganda Investment Authority
* Ruparelia Group
* Kyagalanyi Coffee Limited
* Brookside Dairy Limited
* Jesa Farm Dairy Limited
* Uganda Retirement Benefits Regulatory Authority
* Uganda Land Commission
* Capital Markets Authority of Uganda
* Uganda Coffee Development Authority
* ROKO Construction Company
* Uganda Business Facilitation Centre

Transport|

* Uganda Air Cargo
* Uganda Airlines
* Kampala Airport
* Uganda National Roads Authority
* Entebbe–Kampala Expressway
* Kampala–Jinja Expressway
* Kampala–Jinja Highway
* Kampala–Entebbe Road
* Kampala–Gayaza Road
* Kampala–Bombo Expressway
* Kampala–Busunju Expressway
* Kampala–Mpigi Expressway
* Kampala–Masaka Road
* Kampala–Mityana Road
* Kampala–Hoima Road
* Kampala Northern Bypass Highway
* Kampala Southern Bypass Highway
* Kampala Outer Beltway
* Tondeka Metro Bus Service

Energy|

* Umeme
* Electricity Regulatory Authority
* Uganda National Oil Company
* Uganda Refinery Holding Company
* Uganda National Pipeline Company
* Petroleum Authority of Uganda
* Uganda Electricity Generation Company Limited
* Uganda Electricity Transmission Company Limited
* Uganda Energy Credit Capitalisation Company

Notable
landmarks|

* Afrexim Bank House, Kampala
* Bulange
* Christ the King Catholic Church
* Uganda Parliament Buildings
* Kampala Capital City Authority Complex
* DFCU House
* Kampala Protea Hotel
* Kampala Hilton Garden Inn
* Kampala Hilton Hotel
* Kampala Serena Hotel
* Kampala Sheraton Hotel
* Imperial Hotels Group
* Imperial Royale Hotel
* Grand Imperial Hotel
* Janani Luwum Church House
* Kampala Kingdom Hotel
* Kampala Speke Hotel
* Mapeera House
* Movement House
* Munyonyo Commonwealth Resort
* Thobani Centre
* Speke Resort and Conference Center
* East African Development Bank Building
* Bank of Uganda Building Complex
* Mengo Palace
* Kabaka's Place Banda
* Namirembe Cathedral
* Rubaga Cathedral
* Makerere University Main Campus
* National Water and Sewerage Corporation Headquarters Building
* Kampala Tower
* Hotel Africana
* Kibuli Mosque
* Old Kampala Mosque
* Uganda Inspectorate of Government Towers
* Uganda Ministry of Education Complex
* Uganda Museum
* Uganda National Cultural Centre
* Uganda National Records Centre and Archives
* Kasubi Tombs
* DFCU House
* Pension Towers
* JLOS House Project
* Roman Catholic Archdiocese of Kampala

Education|

* Aga Khan University, Kampala
* Cavendish University Uganda
* Clarke International University
* Habib Medical School
* Institute of Petroleum Studies Kampala
* International Health Sciences University
* International University of East Africa
* ISBAT University
* Kampala International School
* Kampala University
* Kibuli Secondary School
* Kitante Hill Secondary School
* Kololo Senior Secondary School
* Kyambogo University
* Law Development Centre
* Makerere College School
* Makerere University
* Makerere University Business School
* Mengo Senior School
* Nabisunsa Girls' Secondary School
* Nakawa Vocational Training Institute
* Nexus International University
* Rubaga Community School
* Stafford University Uganda
* St. Augustine International University
* St. Lawrence University
* Uganda Christian University School of Medicine
* Team University
* Uganda Industrial Research Institute
* Uganda Management Institute
* Uganda Martyrs University School of Medicine
* Uganda National Entrepreneurship Development Institute
* Uganda Technology and Management University
* Victoria University Uganda
* Uganda National Council for Higher Education

Health|

* Aga Khan University Hospital, Kampala
* Butabika Hospital
* Case Medical Centre
* International Hospital Kampala
* Kadic Hospital
* Kampala Hospital
* Kampala Medical Chambers Hospital
* Kawempe General Hospital
* Kibuli Hospital
* Kiruddu General Hospital
* Lubaga Hospital
* Makerere University Hospital
* Mbuya Military Hospital
* Mengo Hospital
* Mulago Hospital
* Mulago Women's Referral Hospital
* Murchison Bay Hospital
* Upper Mulago Regional Referral Hospital
* Nakasero Hospital
* Naguru General Hospital
* Nsambya Hospital
* Paragon Hospital
* Uganda Cancer Institute
* Uganda Heart Institute
* Uganda Medical and Dental Practitioners Council
* Women's Hospital International and Fertility Centre
* Galilee Community General Jewish Hospital of Uganda
* International Medical Group
* Uganda Joint Medical Store

Legal|

* A.F. Mpanga Advocates
* ENSafrica
* Kampala Associated Advocates
* Kasirye Byaruhanga and Company Advocates
* Kateera & Kagumire Advocates
* Katende Ssempebwa & Company Advocates
* Kigozi Ssempala Mukasa Obonyo Advocates
* Ligomarc Advocates
* Sebalu & Lule Advocates

Environment|

* National Environment Management Authority of Uganda

Notable people|

* Apolo Nsibambi
* Nasser Sebaggala
* David Serwadda
* Fred Ruhindi
* John Ssebaana Kizito
* Bulaimu Muwanga Kibirige
* Erias Lukwago
* Ian Clarke
* Jennifer Musisi
* Josephine Nambooze
* Maria Kiwanuka
* Laurence Sematimba
* Joseph Kizito
* Justinian Tamusuza
* Robert Ssejjemba
* Eugene Sseppuya
* Phillip Ssozi
* Sudhir Ruparelia
* Wasswa Serwanga
* Yusef Sozi
* Margaret Zziwa
* Beti Kamya-Turwomwe
* Moses Matovu
* Mohammed Hamid
* Hasmukh Dawda

00°20′11″N 32°36′00″E﻿ / ﻿0.33639°N 32.60000°E﻿ / 0.33639; 32.60000
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