Equity Bank Uganda has announced the appointment of Gift Shoko as its new Managing Director, subject to the approval of the Bank of Uganda. This appointment was confirmed by Mark Ocitti, Board Chairman of Equity Bank Uganda Limited.
Shoko takes over from Anthony Kituuka, who resigned from the position. Ocitti expressed confidence in Shoko’s leadership abilities, stating, “On behalf of the Board and Management of Equity Bank Uganda, I am pleased to announce the appointment of Gift Shoko as the new Managing Director, subject to regulatory approval.”
Ocitti further emphasized Shoko’s extensive experience, noting his proven track record in banking, corporate strategy, and digital transformation. “Shoko’s expertise aligns perfectly with our mission to deliver innovative and inclusive financial solutions to our customers. We are confident that under his leadership, Equity Bank Uganda will strengthen its commitment to enhancing customer experience and expanding our reach across Uganda,” Ocitti added.
Shoko is a seasoned banker with over 26 years of experience in the industry. He brings a wealth of knowledge in commercial banking and leadership, having worked across Southern and Eastern Africa. Before his appointment as Managing Director, Shoko served as the Executive Director of Equity Bank Uganda.
He holds a Bachelor of Business Studies and Computer Science degree from the University of Zimbabwe, as well as a Master’s in Business Administration (Banking and Finance) from CIMA in Nicosia, Cyprus. In addition, Shoko holds several certifications in banking, finance, and leadership, and is a certified Executive Coach and a certified Genos Emotional Intelligence Coach.
Prior to joining Equity Bank, Shoko was the NCBA Group Director for Regional Business, overseeing banking subsidiaries across East Africa. Earlier in his career, he served as the CEO of Commercial Bank of Africa (Tanzania) Limited for five years, where he played a key role in driving the bank’s growth.
Shoko’s banking career began at Nedbank Zimbabwe, where he participated in the graduate management training program before advancing through various senior management roles. He also served as Group Chief Operating Officer at a Zimbabwe Stock Exchange-listed diversified financial services group, where he successfully reorganized the company and led its re-listing on the stock exchange. With a wealth of experience in corporate governance, Shoko has also served on various boards in Zimbabwe, Zambia, and Malawi.
