Bank of Africa Uganda Limited, also known as BOA Uganda (BOAU), is one of the

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

s in

Uganda }), is a landlocked country in East Africa East Africa, Eastern Africa, or East of Africa, is the eastern subregion of the African continent. In the United Nations Statistics Division scheme of geographic regions, 10-11-(16*) territor ...

that have been licensed by the

Bank of Uganda The Bank of Uganda ( sw, Benki Kuu ya Uganda) is the central bank of Uganda. Established in 1966, by Act of Parliament, the bank is wholly owned by the government but is not a government department. History In 1979 and again in 1987, the Ba ...

, the country's

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...

and national banking regulator.

Location

The headquarters and main branch of Bank of Africa Uganda Limited, are located at 45

Jinja Road Jinja may refer to: * Jinja, Uganda, a city in eastern Uganda close to the source of the Nile River ** Jinja District, Uganda, named after the above city * Shinto shrine, also called a "jinja", a structure that houses one or more Shinto kami (spi ...

, in the

central business district A central business district (CBD) is the commercial and business centre of a city. It contains commercial space and offices, and in larger cities will often be described as a financial district. Geographically, it often coincides with the "city ...

Kampala Kampala (, ) is the capital and largest city of Uganda. The city proper has a population of 1,680,000 and is divided into the five political divisions of Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division, and Ruba ...

, Uganda's capital and largest city. The geographical coordinates of the bank's headquarters are: 0°18'56.0"N, 32°35'32.0"E (Latitude:0.315556; Longitude:32.592222).

Overview

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 December 2019, BOA Uganda was a medium-sized financial services provider, with total assets of UGX:803.07 billion (approximately US$218.25 million), with shareholders' equity of UGX:123.54 billion (approximately US$33.58 million).

Bank of Africa Group

The bank is a member of the

Bank of Africa Group Bank of Africa (BOA) is a Moroccan banking conglomerate headquartered in Casablanca, Morocco Morocco (),, ) officially the Kingdom of Morocco, is the westernmost country in the Maghreb region of North Africa. It overlooks the Mediter ...

, a multinational, Pan African bank headquartered in

Bamako, Mali Bamako ( bm, ߓߡߊ߬ߞߐ߬ ''Bàmakɔ̌'', ff, 𞤄𞤢𞤥𞤢𞤳𞤮 ''Bamako'') is the capital and largest city of Mali, with a 2009 population of 1,810,366 and an estimated 2022 population of 2.81 million. It is located on the Niger River ...

, with presence in thirty-one countries. The group also maintains an office in Paris, France. As of June 2015, the group employed more than 12,500 people in more than 1,200 branches, servicing more than 4.5 million customers, with a total asset base in excess of €23.8 billion.

History

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 FMO ( nl, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.) is a Dutch development bank structured as a bilateral private-sector international financial institution based in the Hague, the Netherlands. FMO manages funds for the ...

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

Ownership

The share ownership of BOA Uganda as of 31 December 2018 was as illustrated in the table below: Source: * Bank of Africa Uganda: Annual Report 2018

Governance

The bank is supervised by an eight-person

board of directors A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...

, chaired by John Caruthers, a non-executive board member.

Management team

John Caruthers is the chairman of the bank. In December 2010,

Edigold Monday Edigold Monday, a Ugandan accountant, businesswoman, bank executive, and educator. She is the Uganda Country Director of Sparkassen-Finanzgruppe's foundation for international cooperation (german: Sparkassenstiftung für internationale Koopera ...

was appointed managing director of the bank. She became the first indigenous woman to rise to this level at a Ugandan

. In April 2014, Monday resigned. Arthur Isiko was appointed to replace her.

Branch network

As of December 2016, the bank maintained branches in all regions of the country, including at the following locations: # Main Branch: 45 Jinja Road, Kampala # Equatorial Branch: 84/86 Ben Kiwanuka Street, Kampala # Ndeeba Branch: 1024 Masaka Road,

Ndeeba Ndeeba is a neighborhood in the city of Kampala, Uganda's capital. Location Ndeeba is located in Lubaga Division, one of the five administrative divisions of Kampala. It lies on the southern edge of the city. It is bordered by Mengo to the nor ...

# Taxi Park Branch: Mukwano Centre, 40-46 Ben Kiwanuka Street, Kampala # Kampala Road Branch: 48 Kampala Road, Kampala # Ntinda Branch: 49 Ntinda Road,

Ntinda Ntinda is a location in northeastern Kampala, the capital city of Uganda. Location Ntinda lies in Nakawa Division, one of the five administrative divisions of Kampala. It is bordered by Kyambogo to the east, Nakawa to the south, Naguru to the we ...

, Kampala # Wandegeya Branch: KM Plaza, 85 Bombo Road,

Wandegeya Wandegeya is a neighborhood within the city of Kampala, Uganda's capital and largest metropolitan area. The name is derived from the weaver birds, (''Endegeya'' in Luganda), which used to inhabit the area prior to the 1990s. Location Wandegeya ...

, Kampala # Entebbe Branch: 16 Kampala Road,

Entebbe Entebbe is a city in Central Uganda. Located on a Lake Victoria peninsula, approximately southwest of the Ugandan capital city, Kampala. Entebbe was once the seat of government for the Protectorate of Uganda prior to independence, in 1962. The c ...

# Nakivubo Branch: 15 Nakivubo Road, Kampala # Mukono Branch: 13 Kampala Road,

Mukono Mukono Town is a municipality in Mukono District in the Central Region of Uganda. The town is administered by the Mukono Town Council. The district headquarters are located in this town. Location Mukono Municipality is 21 km east of ...

# Kabalagala Branch: 559 Ggaba Road,

Kabalagala Kabalagala is a neighbourhood in Kampala, the capital and largest city in Uganda. It houses some of the leading partygoers in the city. It is located next to Nsambya where the American Embassy in Uganda is found. Location Kabalagala is bordered b ...

, Kampala # Oasis Branch: Oasis Mall, 88-94 Yusuf Lule Road, Kampala # Jinja Main Branch: 1 Main Street, Jinja # Clive Road Branch: 18 Clive Road East, Jinja # Arua Branch: 19 Avenue Road,

Arua Arua is a city and commercial centre within the Arua District in the Northern Region of Uganda. Location Arua is approximately , by road, north-west of Kampala, the capital and largest city of Uganda, Arua is about , by road, west of Gulu, the ...

# Lira Branch: 1A Balla Road,

Lira Lira is the name of several currency units. It is the current currency of Turkey and also the local name of the currencies of Lebanon and of Syria. It is also the name of several former currencies, including those of Italy, Malta and Israe ...

# Mbarara Branch: 1 Mbaguta Road,

Mbarara Mbarara City is a city in the Western Region of Uganda and the second largest city in Uganda after Kampala. The city is divided into 6 boroughs of Kakoba Division, Kamukuzi Division, Nyamitanga Division, Biharwe Division, Kakiika Division, Nyakay ...

# Mbale Branch: 26 Cathedral Avenue,

Mbale Mbale is a city in the Eastern Region of Uganda. It is the main municipal, administrative, and commercial center of Mbale District and the surrounding sub-region. Location Mbale is approximately , by road, northeast of Kampala, Uganda's capita ...

# Fort Portal Branch: 14 Bwamba Road,

Fort Portal Fort Portal or Kabarole is a city located in the Western Region of Uganda. It is the seat of both Kabarole District and historically of the Toro Kingdom. Location Fort Portal in Kabarole District is located approximately by road, west of Kampal ...

# Gulu Branch: 11 Awere Road,

Gulu Gulu is a city in the Northern Region of Uganda. It is the commercial and administrative centre of Gulu District. The coordinates of the city of Gulu are 2°46'54.0"N 32°17'57.0"E. The distance from Gulu to Kampala, Uganda's capital and large ...

# Kololo Branch: 9 Cooper Road, Kisementi,

Kololo Kololo is a hill in Kampala, the largest city and capital of Uganda. The name also applies to the upscale residential and commercial neighbourhood that sits on that hill. Location Kololo is close to the centre of Kampala, bordered by Naguru, U ...

, Kampala # Kawempe Branch: 125 Bombo Road,

Kawempe Kawempe is an area in the city of Kampala, Uganda's capital. It is also the location of the headquarters of Kawempe Division, one of the five administrative divisions of Kampala. Location Kawempe is located on the northwestern edge of Kampala. ...

, Kampala # Nansana Branch: 5390 Nansana Town Centre,

Nansana Nansana is a town in the Central Region of Uganda. It is located in the Wakiso District and is one of the five municipalities in the district. Nansana is a municipal council comprising four Divisions; Nansana Division, Nabweru Division, Gombe ...

# Luzira Branch: 1329/1330 Port Bell Road,

Luzira Luzira is a suburb of Kampala, the capital of Uganda. It is best known for the country's main prison, Luzira Maximum Security Prison, which has seen significant redevelopment thanks to the work of African Prisons Project, a charity based in the UK ...

, Kampala # Hoima Branch: 13 Wright Road,

Hoima Hoima is a city in the Western Region of Uganda. It is the main municipal, administrative, and commercial center of Hoima District. It is also the location of the palace of the Omukama of Bunyoro. Location Hoima is approximately , by road, nort ...

# Nateete Branch: 1-2 Old Masaka Road,

Nateete Nateete is a location in the city of Kampala, Uganda's capital. Location Nateete is located in Lubaga Division, on the southwestern edge of the city of Kampala. It is bordered by Busega to the north, Lungujja to the northeast, Lubaga to the nor ...

, Kampala # Patongo Branch - 33 Dollo Road, Patongo # Bbira Mini Branch: 2731 Mityana Road, Bbira,

Wakiso District Wakiso District is a district in the Central Region of Uganda that partly encircles Kampala, Uganda's capital city. The town of Wakiso is the site of the district headquarters. Kira, the country's second largest city and suburb of Kampala, is in ...

# Namasuba Branch: Freedom City Mall, 4010 Entebbe Road, Namasuba, Kampala # Kalongo Mini Branch: 16 Patongo Road

Kalongo Kalongo is a town in the Northern Region of Uganda. It is one of the urban centers in Agago District. Location Kalongo is located in the Acholi sub-region. It is approximately southeast of Kitgum, the nearest large town. This is approximatel ...

# Business Centre - 9 Kittante Road,

# Rwenzori Mini Branch: Rwenzori House, 1 Lumumba Avenue,

Nakasero Nakasero is a hill and neighborhood in the centre of Kampala, the capital and largest city of Uganda. Nakasero is important to Uganda's economy and politics, as it is home to Kampala's central business district and several government offices, ...

, Kampala # Masaka Branch: 7 Birch Avenue,

Masaka Masaka is a city in the Buganda Region of Uganda, west of Lake Victoria. The city is the headquarters of Masaka District. Location Masaka is approximately to the south-west of Kampala on the highway to Mbarara. The city is close to the Equator ...

# Rubirizi Branch: Mbarara-Kasese Highway,

Rubirizi Rubirizi, sometimes spelled Rubiriizi, is a town in Rubirizi District, Ankole sub-region, Western Region, Uganda, Western Uganda. The town is the main municipal, administrative and commercial center of Rubirizi District. The district is named ...

. 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.

References

External links

*
Overview of Bank of Africa (Uganda)
{{DEFAULTSORT:Bank Of Africa (Uganda) Banks of Uganda Bank of Africa Group Banks established in 1984 1984 establishments in Uganda Companies based in Kampala