Bank of Africa Uganda officially opened its doors to a brand new, state-of-the-art head office, marking a milestone in the bank’s journey and its commitment to innovation, efficiency, and client-centricity.
The launch ceremony held on Wednesday evening, attended by key stakeholders, highlighted the bank’s commitment to innovation, community engagement, and environmental responsibility.
Established in 1985 as a small indigenous deposit-taking private company, Bank of Africa – Uganda Ltd. has evolved over the years, culminating in its current status as a leading player in the country’s banking sector.
With a rich history of growth and transformation, the bank has expanded its footprint, now operating with 32 branches across Uganda and serving a diverse clientele encompassing Corporate, SME, and Retail segments.
Speaking at the launch event, the Managing Director of Bank of Africa – Uganda, Arthur Isiko expressed his excitement about the new head office, “The new head office strategically signifies our alignment with the bank’s vision for the future.”
Bank of Africa Uganda Managing Director, Arthur Isiko speaking at the event
He underscored that, “The facility is designed to enhance operational capabilities and foster collaboration among teams.”
Furthermore, the Managing Director highlighted the bank’s dedication to sustainability, citing various environmentally friendly features incorporated into the building’s design and operation.
“From energy-efficient ventilation systems to water conservation measures, the new head office reflects Bank of Africa’s commitment to minimising its ecological footprint and contributing positively to the communities it serves.”
In addition to its focus on sustainability, Amine Bouabid, Bank of Africa Group CEO, emphasised the client-centric design of the new head office.
Bank officials at the launch of the new headquarters
“From streamlined services to personalised advisory spaces, the facility aims to provide a welcoming and technologically advanced environment for customers. It also features dedicated areas like a Business Centre and an Elite Banking branch to cater to specific client segments.”
Additionally, the Group CEO stated, “We just signed a $300 million guarantee fund with IFC. This is to cover all the loans that we give to SMEs. Uganda will benefit from it already because we get this energy and passion as a group because we are multicultural, multi-religion, multi-country. It’s our strength, and we always share the best practice. as the bank’s commitment to sustainability.”
Renewable energy
Bouabid said Bank of Africa is involved in financing green projects such as renewable energy and sustainable agriculture, to further demonstrate the commitment towards environmental stewardship.
Amine Bouabid, Bank of Africa Group CEO
Kobena Andah, Regional Director for Anglophone subsidiaries within the BOA Group, observed: “The old office, while serving the bank well during its initial expansion, could no longer accommodate the growing staff and branch network. This new headquarters, spanning 11,000 square metres with dedicated parking and boasting a Grade A building certificate, addresses these challenges and creates a more collaborative and efficient work environment.”
Kobena said the new head office is only but a symbol of the fortitude of BOA Group and its commitment to the African continent and Uganda in particular.
“With this evidence planted here, our competitors should know that Bank of Africa is here to stay and run the marathon,” Kobena further stated.
Kobena Andah (L), Regional Director for Anglophone in a group photo with Isiko and Bouabid at the event
Addressing questions regarding accessibility and convenience for customers nationwide, Bank of Africa reiterated its commitment to ensuring banking services are accessible to all.
With an extensive network of 32 branches and over 700 agents across Uganda, coupled with digital initiatives such as Mobile Wallet and Internet Banking, the bank ensures that customers can access banking services seamlessly, irrespective of their location.
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Publish date : 2024-02-08 08:00:00
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