Gift Shoko Appointed MD Role at Equity Bank Uganda Following Kituuka’s Resignation

“We are pleased to announce the appointment of Mr. Gift Shoko as the new Managing Director of Equity Bank Uganda, subject to regulatory approval,” the Board of Directors confirm.
Gift Shoko, Managing Director of Equity Bank Uganda. Gift Shoko, Managing Director of Equity Bank Uganda.
Gift Shoko, Managing Director of Equity Bank Uganda.

Equity Bank Uganda, a subsidiary of Equity Group Holdings Plc, has appointed Gift Shoko as the new Managing Director following Anthony Kituuka’s resignation.

Speaking on behalf of the Board and Management of Equity Bank Uganda, the Board Chairman, Mark Ocitti, said, “We are pleased to announce the appointment of Mr. Gift Shoko as the new Managing Director of Equity Bank Uganda, subject to regulatory approval. We are confident that under Shoko’s leadership, Equity Bank Uganda will strengthen its commitment to enhancing customer experience and expanding our reach in Uganda.”

Shoko brings to the bank a wealth of experience, a proven track record of leadership, and expertise in banking, corporate strategy, and digital transformation which aligns perfectly with our mission to continue delivering innovative and inclusive financial solutions to our customers.

Before being appointed the bank’s new managing director, Shoko served as its Executive Director. With over 26 years of experience in the banking industry, he is a seasoned professional with a rich background in commercial multi-regional banking and leadership across Southern and Eastern Africa.

Before joining Equity, Shoko was the NCBA Group Director for Regional Business, overseeing all banking subsidiaries in East Africa. Earlier in his career, he served as the CEO of the Commercial Bank of Africa (Tanzania) for five years, where he was instrumental in steering its growth.

His career in banking began at Nedbank Zimbabwe, where he participated in the Graduate Management Training program before advancing through various senior management roles.

He also served as the Group Chief Operating Officer and Group CEO at Trust Holdings Limited (THL), a Zimbabwe Stock Exchange-listed diversified financial services group, where he successfully reorganized the company and led its re-listing on the stock exchange. He has a wealth of experience in corporate governance, having served on various boards across Zimbabwe, Zambia, and Malawi.