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Bank of Africa
Type	Private
Industry	Financial Services
Founded	1984
Headquarters	Kampala, Uganda
Key people	John Caruthers Chairman Edigold Monday Managing Director
Products	Loans, Savings, Investments, Debit Cards, Credit Cards Mortgages
Revenue	Aftertax:US$2.52 million (UGX:6.25 billion) (2011)
Total assets	US$174.4 million (UGX:431.7 billion) (2011)^[1]
Employees	287 (2011)
Website	Homepage

Bank of Africa (Uganda) (BOA Uganda), whose complete name is Bank of Africa (Uganda) Limited, is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the country's central bank and the national banking regulator.^[2]

1 Overview
2 Bank of Africa Group
3 History
4 Ownership
5 Management team
6 Branch Network
7 See also
8 References
9 External links

Overview[edit]

BOA Uganda is involved in all aspects of commercial banking with emphasis on provision of banking services to multinational companies, mid-size local enterprises and small retail businesses. As of December 2011^[update], BOA Uganda was a medium-sized financial services provider in Uganda, with a total asset base valued at about US$174.4 million (UGX:431.7 billion). This represented approximately 3% of all commercial bank assets in the country, at that time. Then, the shareholders' equity amounted to about US$18.4 million (UGX:45.6 billion).^[3]

Bank of Africa Group[edit]

The bank is a member of the Bank of Africa Group, a multinational, Pan African bank headquartered in Bamako, Mali, with presence in fourteen African countries, including Benin, Burkina Faso, Burundi, Democratic Republic of the Congo, Djibouti, Ghana, Kenya, Ivory Coast, Madagascar, Mali, Niger, Senegal, Tanzania and Uganda. The group also maintains an office in Paris, France.^[4] As of December 2011^[update], the group employed more than 4,500 people in about 340 offices, in 15 countries, servicing nearly 1,200,000 bank accounts.^[5]

History[edit]

Bank of Africa (Uganda) started its operations in 1984 as Sembule Investment Bank. In 1996, Sembule Investment Bank was purchased by Banque Belgolaise^[6] and the Netherlands Development Finance Company (FMO). The new owners renamed the bank Allied Bank. In October 2006, Banque Belgolaise sold their shares to a group of investors that included Bank of Africa (Kenya),^[7] Aureos East Africa Fund LLC^[8] and Central Holdings (Uganda) Limited. The name of the bank was changed to Bank of Africa (Uganda) Limited.^[9]

Ownership[edit]

The share ownership of Bank of Africa (Uganda) is summarized in the table below, as of December 2011:^[10]

Bank of Africa Stock Ownership

Rank	Name of Owner	Percentage Ownership
1	Bank of Africa (Kenya)	51.01
2	Aureos East Africa Fund LLC.	21.88
3	Netherlands Development Finance Company - FMO	17.51
4	Central Holdings Uganda Limited	9.39
5	Africa Financial Holdings - Indian Ocean of Mauritius	1.21
	Total	100.0

Source:

Bank of Africa Uganda: Annual Report 2011

Management team[edit]

John Caruthers is the Chairman of the bank. In December 2010, Ms. Edigold Monday was appointed Managing Director of Bank of Africa (Uganda). She became the first indigenous woman to rise to the level of Managing Director, of a commercial bank, in the history of Uganda.^[11] She is assisted by seven other managers in supervising the day-to-day bank activities.

Branch Network[edit]

As of August 2012^[update], Bank of Africa Uganda maintains a network of thirty-two branches in the central, eastern, northern and western parts of Uganda. The bank's branches include the following locations, arranged alphabetically:^[12]

Arua Branch - 19 Avenue Road, Arua
Bbira Branch - Mityana Road, Bbira, Wakiso District
Clive Road Branch - 18 Clive Road East, Jinja
Entebbe Branch - 16 Kampala Road, Entebbe
Equatoria Branch - 84-86 Ben Kiwanuka Street, Kampala
Fort Portal Branch - 14 Bwamba Road, Fort Portal
Gulu Branch - 11 Awere Road, Gulu
Hoima Branch - 13 Wright Road, Hoima
Jinja Branch - 1 Main Street, Jinja
Kabalagala Branch - 559 Ggaba Road, Kabalagala, Kampala
Kalongo Branch - 16 Patongo Road Kalongo
Kawempe Banch - 125 Bombo Road, Kawempe, Kampala
Kololo Branch - Kisementi, 9 Cooper Road, Kololo, Kampala
Kampala Road Branch - 48 Kampala Road, Kampala
Lira Branch - Town View Hotel, 1A Balla Road, Lira
Luzira Branch - 1329-1330 Port Bell Road, Luzira, Kampala
Main Branch - 45 Jinja Road, Kampala
Mbale Branch - 26 Cathedral Avenue, Mbale
Mbarara Branch - 1 Mbaguta Road, Mbarara
Mukono Branch - 13 Kampala Road, Mukono
Nakivubo Branch - Nabugabo Road, Kampala
Nalukolongo Branch - Kobil Head Office, Wankulukuku Road, Nalukolongo, Kampala
Namasuba Branch - 4010 Entebbe Road, Namasuba, Kampala
Nansana Branch - 5390 Nansana Town Centre, Nansana
Nateete Branch - 1-2 Old Masaka Road, Nateete, Kampala
Ndeeba Branch - 1024 Masaka Road, Ndeeba
Ntinda Branch - 7 Nakawa Road, Ntinda, Kampala
Oasis Branch - Oasis Mall, 88-94 Yusuf Lule Road, Kampala
Patongo Branch - 33 Dollo Road, Patongo
Taxi Park Branch - Mukwano Centre, 40-46 Ben Kiwanuka Street, Kampala
Wandegeya Branch - KM Plaza, 18 Bombo Road, Wandegeya, Kampala

References[edit]

^ "Audited December 2011 Annual Report" (PDF). Retrieved 2012-12-18.
^ "List of Licensed Commercial Banks In Uganda" (PDF). Retrieved 2012-12-18.
^ "Audited December 2011 Annual Financial Report" (PDF). Retrieved 2012-12-18.
^ "List of Countries With BOA Presence". Thebftonline.com. 2012-05-21. Retrieved 2012-12-18.
^ "Overview of Bank of Africa Group" (PDF). Retrieved 2012-12-18.
^ "Welcome". Belgolaise. Retrieved 2012-12-18.
^ ^a ^b "Bienvenue Sur Groupe Bank Of Afrika | Groupe Bank Of Afrika" (in (French)). Bank-of-africa.net. Retrieved 2012-12-18.
^ Jacob Kholi, Managing Partner,Aureos West Africa. "Aureos Capital". Aureos.com. Retrieved 2012-12-18.
^ "History of Bank of Africa". Boa-uganda.com. 2010-12-31. Retrieved 2012-12-18.
^ "Shareholding in BOA Uganda In December 2011" (PDF). Retrieved 2012-12-18.
^ Uganda Gets Her First Local Woman Commercial Bank Managing Director
^ "Branch Network of Bank of Africa Uganda". Boa-uganda.com. Retrieved 2012-12-18.
^ "Bienvenue Sur Groupe Bank Of Afrika | Groupe Bank Of Afrika" (in (French)). Bank-of-africa.net. Retrieved 2012-12-18.

External links[edit]

v t e Kampala District

Capital: Kampala

Divisions	Kampala Central Division Kawempe Division Lubaga Division Makindye Division Nakawa Division

Neighborhoods	Bugoloobi Bukoto Busega Butabika Bwaise Ggaba Kabalagala Kamwookya Kansanga Kaleerwe Kanyanya Kasubi Katwe Kawaala Kawempe Kibuli Kibuye Kigoowa Kikaaya Kisaasi Kiwaatule Kulambiro Kololo Kyambogo Kyebando Lubaga Lungujja Luzira Makerere Makindye Mbuya Mengo Mpererwe Mulago Munyonyo Mutundwe Muyenga Naakulabye Naguru Najjanankumbi Nakasero Nakawa Namirembe Namungoona Namuwongo Nateete Ndeeba Nsambya Ntinda Old Kampala Port Bell Wandegeya

Economy	Air Uganda Aya Group Quality Chemical Industries Limited Mukwano Group Ruparelia Group Bank of Uganda ABC Capital Bank Barclays Bank Bank of Africa Bank of Baroda Bank of India (Uganda) DFCU Group Cairo International Bank Centenary Bank Citibank Crane Bank DFCU Bank Diamond Trust Bank Ecobank Equity Bank Fina Bank Global Trust Bank Housing Finance Bank Imperial Bank Uganda Kenya Commercial Bank National Bank of Commerce NC Bank Uganda Orient Bank PostBank Uganda Stanbic Bank Standard Chartered Bank Tropical Bank United Bank for Africa East African Development Bank Uganda Development Bank National Housing and Construction Company Uganda Air Cargo International Medical Group National Social Security Fund Umeme Uganda Securities Exchange Uganda Investment Authority Capital Markets Authority The Monitor New Vision New Vision Group Uganda Telecom Mercantile Credit Bank Pride Microfinance Limited Uganda Finance Trust Limited Opportunity Uganda Limited Kyagalanyi Coffee Limited FINCA Uganda Limited UGAFODE Microfinance Limited

Notable landmarks	Bulange Uganda Parliament Buildings Butabika National Referral Hospital Mulago National Referral Hospital Nsambya Hospital Rubaga Hospital Mengo Hospital Naguru General Hospital International Hospital Kampala Kibuli Hospital Kampala Capital City Authority Complex Kampala Serena Hotel Hotel Africana Kampala Sheraton Hotel Imperial Hotels Group Imperial Royale Hotel Grand Imperial Hotel Hotel Equatoria Kampala Hilton Hotel Kampala Intercontinental Hotel Kampala Speke Hotel Mapeera House Movement House East African Development Bank Building Bank of Uganda Building Complex Mengo Palace St. Paul's Cathedral Namirembe St. Mary's Cathedral Lubaga Makerere University Main Campus Kampala Tower Kibuli Mosque Old Kampala Mosque Kampala Airport Uganda Museum Uganda National Cultural Centre Kampala Northern Bypass Highway Kampala-Jinja Highway Kasubi Tombs Roman Catholic Archdiocese of Kampala DFCU House Pension Towers

Education	Makerere University Makerere University Business School Kampala International University Kampala International School Kampala University Kyambogo University Law Development Centre International Health Sciences University International University of East Africa Makerere College School Rubaga Community School Saint Lawrence University Uganda Management Institute Cavendish University Uganda Victoria University Uganda Uganda Martyrs University School of Medicine

Notable people	Apolo Nsibambi Nasser Ntege Sebaggala David Serwadda Fred Ruhindi John Ssebaana Kizito Bulaimu Muwanga Kibirige Erias Lukwago Dr. Ian Clarke Jennifer Musisi Maria Kiwanuka Laurence Sematimba Joseph Kizito Justinian Tamusuza Robert Ssejjemba Eugene Sseppuya Phillip Ssozi Sudhir Ruparelia Wasswa Serwanga Yusef Sozi Derrick Sebagala Margaret Zziwa

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Bank of Africa (Uganda)

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