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TodaySunday, May 10, 2026

Gift Shoko

Gift Shoko, Managing Director of Equity Bank Uganda, whose leadership has anchored the bank’s dramatic turnaround from the turbulence of rising non-performing loans, fraud shocks, and a 2023 loss position to a disciplined 2025 rebound marked by stronger risk controls, restored profitability, renewed customer focus, and a strategic push toward sustainable growth driven by MSMEs, agriculture, and ecosystem banking.
Gift Shoko, Managing Director of Equity Bank Uganda, whose leadership has anchored the bank’s dramatic turnaround from the turbulence of rising non-performing loans, fraud shocks, and a 2023 loss position to a disciplined 2025 rebound marked by stronger risk controls, restored profitability, renewed customer focus, and a strategic push toward sustainable growth driven by MSMEs, agriculture, and ecosystem banking.

Inside Equity Bank Uganda’s Reset: A Conversation with Gift Shoko on Fixing Risk, Restoring Trust, and Reigniting Growth

2025 appears to have been a defining year for Equity Bank Uganda—a period marked by a notable turnaround in performance. From your perspective, how would you describe the year overall? And what
May 6, 2026
A high-stakes standoff between Prism Construction, government, and Equity Bank threatens Emin Pasha Hotel properties and a Radisson project, exposing unpaid claims, missed directives, and escalating legal and financial risks.
A high-stakes standoff between Prism Construction, government, and Equity Bank threatens Emin Pasha Hotel properties and a Radisson project, exposing unpaid claims, missed directives, and escalating legal and financial risks.

Ignored Presidential Directives in UGX34b Debt Push Emin Pasha Owner Toward Crisis as Equity Bank Again Targets Charged Properties and Puts Radisson Hotel Project at Risk

A deepening financial and legal standoff between Prism Construction and government has escalated into a high-stakes crisis, with Equity Bank moving to realise securities, placing key properties linked to the Emin Pasha
March 30, 2026
From L-R: Equity Bank Uganda Executive Director, Claver Serumaga, Equity Group Chairman, Prof Isaac Macharia, Group Managing Director and CEO, Dr James Mwangi, and Equity Bank Uganda Managing Director, Gift Shoko, during the 2025 Investor Briefing event.
From L-R: Equity Bank Uganda Executive Director, Claver Serumaga, Equity Group Chairman, Prof Isaac Macharia, Group Managing Director and CEO, Dr James Mwangi, and Equity Bank Uganda Managing Director, Gift Shoko, during the 2025 Investor Briefing event.

Equity Group Posts Record 55% Surge in Profit to KSh75.5b: Uganda Bounces Back With 500% Growth in Net Profit – A Defining First Year for MD Gift Shoko

Equity Group Holdings has delivered one of the most remarkable financial performances in East Africa’s banking history, posting a 55% surge in profit after tax to KSh75.5 billion in FY2025, up from
March 18, 2026
Left: James Mwangi, Group CEO of Equity Bank, who is leading the regional integrity purge; Right: Gift Shoko, Managing Director of Equity Bank Uganda, now overseeing the enforcement of the group-wide cleanup in Uganda as staff face fresh audits and ethics probes.

Equity Bank Uganda Staff on Tenterhooks as James Mwangi’s Intra-Group Integrity Cleanup Enters Kampala

The wave of integrity audits that saw over 1,200 employees sacked in Kenya is now sweeping across Equity Group’s subsidiaries in East Africa, with Uganda the latest to feel the heat. Staff
June 12, 2025
Gift Shoko (left), Managing Director, has appointed Claver Serumaga (centre) and Catherine Psomgen (right) as part of a broader leadership reset. The two executives are expected to play key roles in Equity Bank Uganda’s strategy to stabilise operations, rebuild momentum, and refocus on long-term growth following the challenges of 2023.

Equity Bank Uganda Taps NCBA’s Claver Serumaga and Stanchart’s Catherine Psomgen to Reignite Growth

After a turbulent 2023 marked by a rare financial loss and significant executive turnover and a cautious 2024, Equity Bank Uganda is reinforcing its leadership bench with the appointment of two highly
May 19, 2025
Gift Shoko, Equity Bank Uganda’s new Managing Director, brings over 26 years of impeccable banking experience and a proven track record in leadership, digital transformation, and financial innovation—which is what the bank needs to restore growth and stability in Uganda’s competitive banking sector.

Analyzing the Challenges Ahead for Equity Bank Uganda’s New Managing Director Gift Shoko

Today, Equity Bank Uganda announced Gift Shoko as its new Managing Director designate. The decision signals a bold step to stabilise the bank after a tumultuous 2024. Shoko, a veteran with over
January 14, 2025
Gift Shoko boasts 26 years of banking experience, excelling in multi-regional leadership, strategic growth, digital transformation, and corporate governance across Southern and Eastern Africa.

Who is Gift Shoko, Equity Bank Uganda’s Managing Director Designate?

Equity Bank Uganda, a subsidiary of the Pan-African Equity Group Holdings Plc, has announced the appointment of Gift Shoko as its new Managing Director. This strategic decision, pending regulatory approval, marks a
January 14, 2025
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Godfrey Kamau (left), Equity Bank Uganda's Director of Banking Operations and Gift Shoko, the Executive Director, Commercial Banking

Meet Godfrey Kamau and Gift Shoko, the two men sent by Equity Group to sanitise and stabilise the rocky Equity Bank Uganda ship

Since Equity Bank Uganda discovered a UGX65 billion (approximately USD 18 million) digital fraud, the bank has been in the eye of the storm, causing a whirlwind of losses, staff exits, and
December 19, 2024
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