Bank of Africa Uganda Limited
|Headquarters||45 Jinja Road, Kampala, Uganda|
|Products||Loans, savings, investments, debit cards, credit cards, mortgages|
|Revenue||Aftertax:UGX:12.143 million) (2016)|
|Total assets||UGX:688.56 billion (2016)|
Number of employees
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.
The headquarters and main branch of Bank of Africa Uganda Limited, are located at 45 Jinja Road, in the central business district of Kampala, 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).
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 2016, BOA Uganda was a medium-sized financial services provider, with total assets of UGX:688.56 billion (approximately US$186 million), with shareholders' equity of UGX:96.53 billion (approximately US$26.5 million).
Bank of Africa Group
The bank is a member of the Bank of Africa Group, a multinational, Pan African bank headquartered in Bamako, Mali, 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.
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), Aureos East Africa Fund LLC, and Central Holdings (Uganda) Limited. The name of the bank was changed to Bank of Africa (Uganda) Limited.
The share ownership of BOA Uganda as of 31 December 2016 was as illustrated in the table below:
|Rank||Name of Owner||Percentage Ownership|
|1||Bank of Africa Kenya Limited||43.24|
|2||Africa Financial Holdings-Indian Ocean of Mauritius||37.96|
|3||Netherlands Development Finance Company - FMO||11.04|
|4||Central Holdings Uganda Limited||7.76|
- Bank of Africa Uganda: Annual Report 2016
John Caruthers is the chairman of the bank. 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. In April 2014, Monday resigned. Arthur Isiko was appointed to replace her.
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
- Taxi Park Branch: Mukwano Centre, 40-46 Ben Kiwanuka Street, Kampala
- Kampala Road Branch: 48 Kampala Road, Kampala
- Ntinda Branch: 49 Ntinda Road, Ntinda, Kampala
- Wandegeya Branch: KM Plaza, 85 Bombo Road, Wandegeya, Kampala
- Entebbe Branch: 16 Kampala Road, Entebbe
- Nakivubo Branch: 15 Nakivubo Road, Kampala
- Mukono Branch: 13 Kampala Road, Mukono
- Kabalagala Branch: 559 Ggaba Road, Kabalagala, 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
- Lira Branch: 1A Balla Road, Lira
- Mbarara Branch: 1 Mbaguta Road, Mbarara
- Mbale Branch: 26 Cathedral Avenue, Mbale
- Fort Portal Branch: 14 Bwamba Road, Fort Portal
- Gulu Branch: 11 Awere Road, Gulu
- Kololo Branch: 9 Cooper Road, Kisementi, Kololo, Kampala
- Kawempe Branch: 125 Bombo Road, Kawempe, Kampala
- Nansana Branch: 5390 Nansana Town Centre, Nansana
- Luzira Branch: 1329/1330 Port Bell Road, Luzira, Kampala
- Hoima Branch: 13 Wright Road, Hoima
- Nateete Branch: 1-2 Old Masaka Road, Nateete, Kampala
- Patongo Branch - 33 Dollo Road, Patongo
- Bbira Mini Branch: 2731 Mityana Road, Bbira, Wakiso District
- Namasuba Branch: Freedom City Mall, 4010 Entebbe Road, Namasuba, Kampala
- Kalongo Mini Branch: 16 Patongo Road Kalongo
- Business Centre - 9 Kittante Road, Kampala
- Rwenzori Mini Branch: Rwenzori House, 1 Lumumba Avenue, Nakasero, Kampala
- Masaka Branch: 7 Birch Avenue, Masaka
- 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.
- List of banks in Uganda
- Banking in Uganda
- Bank of Africa Kenya Limited
- Bank of Africa Rwanda Limited
- Bank of Africa Ghana Limited
- Bank of Africa Uganda (7 March 2017). "Bank of Africa Uganda Limited: Financial Statements For The Year Ended 31 December 2016" (PDF). Kampala: Bank of Africa Uganda. Retrieved 24 May 2018.
- Isiko, Arthur (24 May 2018). "About Bank of Africa Uganda Limited". Kampala: Bank of Africa Uganda. Retrieved 24 May 2018.
- Bank of Uganda (30 March 2017). "List of licensed Commercial Banks as at 31 March 2017" (PDF). Kampala: Bank of Uganda. Retrieved 24 May 2018.
- Google (24 May 2018). "Location of the headquarters of Bank of Africa Uganda Limited" (Map). Google Maps. Google. Retrieved 24 May 2018.
- The European Staff (9 March 2016). "BMCE Bank of Africa: Working for A Continent". London: The European. Retrieved 24 May 2018.
- Belgolaise (23 October 2006). "Chronology of disposal of banking activities". Brussels: Belgolaise. Retrieved 24 May 2018.
- Jacob Kholi; Managing Partner; Aureos West Africa. "Aureos Capital". Aureos.com. Retrieved 18 December 2012.
- Ssempijja, David (26 December 2010). "Uganda Gets Her First Local Woman Commercial Bank Managing Director". New Vision. Retrieved 29 May 2014.
- Ladu, Ismail Musa (15 April 2014). "Uganda's First Female Bank Managing Director Bows Out". Daily Monitor. Retrieved 16 April 2014.
- Kulabako, Faridah (28 April 2014). "Mobile Money Competition Stiffer As Bank Unveils Related Platform". Daily Monitor. Retrieved 5 May 2014.
- Adengo, Jonathan (30 April 2015). "Bank of Africa Posts USh1.2 Billion Profit Up From USh6.7 Billion Loss In 2013". Daily Monitor. Kampala. Retrieved 1 May 2015.