Bank of Africa Uganda Signs US$300 Million Fund
By Our reporter
Bank of Africa Uganda has signed a US$300 million guarantee fund with the International Finance Corporation (IFC). According to Mr Amine Bouabid, Bank of Africa Group CEO, the fund is to boost the economy for its clients.
The IFC is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries.
He was speaking when the 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 9th March, 2024 evening, attended by key stakeholders, highlighted the bank’s commitment to innovation, community engagement, and environmental responsibility.
He said 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.
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, small and medium enterprises, and Retail segments.
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.”
He underscored that the facility is designed to enhance operational capabilities and foster collaboration among teams.
The Managing Director highlighted the bank’s dedication to sustainability, citing various environmentally friendly features incorporated into the building’s design and operation.
He said 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.
Kobena Andah, Regional Director for Anglophone subsidiaries within the BOA Group, observed that 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 a symbol of the fortitude of BOA Group and its commitment to the African continent and Uganda in particular.
Regarding renewable energy, Andah 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.
By Our reporter
Bank of Africa Uganda has signed a US$300 million guarantee fund with the International Finance Corporation (IFC). According to Mr Amine Bouabid, Bank of Africa Group CEO, the fund is to boost the economy for its clients.
The IFC is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries.
He was speaking when the 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 9th March 2024 evening, attended by key stakeholders, highlighted the bank’s commitment to innovation, community engagement, and environmental responsibility.
He said from streamlined services to personalized 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.
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, small and medium enterprises, and Retail segments.
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.”
He underscored that the facility is designed to enhance operational capabilities and foster collaboration among teams.
The Managing Director highlighted the bank’s dedication to sustainability, citing various environmentally friendly features incorporated into the building’s design and operation.
He said from energy-efficient ventilation systems to water conservation measures, the new head office reflects Bank of Africa’s commitment to minimizing its ecological footprint and contributing positively to the communities it serves.
Kobena Andah, Regional Director for Anglophone subsidiaries within the BOA Group, observed that 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 meters with dedicated parking and boasting a Grade A building certificate, address these challenges and creates a more collaborative and efficient work environment.
Kobena said the new head office is only a symbol of the fortitude of BOA Group and its commitment to the African continent and Uganda in particular.
Regarding renewable energy, Andah 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.
