By CHIMPREPORTS
Bank of Africa Uganda officially opened its doors to a new, state-of-the-art head office, marking a significant milestone in the bank’s journey and its commitment to innovation, efficiency, and client-centricity.
The launch ceremony, held on a Wednesday evening and attended by key stakeholders, underscored the bank’s dedication to innovation, community engagement, and environmental responsibility.
Established in 1985 as a small indigenous deposit-taking private company, Bank of Africa – Uganda Ltd. has undergone substantial evolution, culminating in its current status as a prominent player in the country’s banking sector.
With a rich history of growth and transformation, the bank has expanded its footprint, currently operating with 32 branches across Uganda and serving a diverse clientele spanning Corporate, SME, and Retail segments.
Addressing attendees at the launch event, the Managing Director of Bank of Africa – Uganda, Arthur Isiko, expressed his enthusiasm about the new head office, stating, “The new head office strategically signifies our alignment with the bank’s vision for the future.”
He emphasized that, “The facility is designed to enhance operational capabilities and foster collaboration among teams.”
Moreover, the Managing Director highlighted the bank’s commitment to sustainability, pointing out various environmentally friendly features integrated 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 dedication to minimizing 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, underscored the client-centric design of the new head office.
“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.”
Additionally, the Group CEO stated, “We have recently signed a $300 million guarantee fund with IFC. This is to cover all the loans that we provide to SMEs. Uganda will benefit from it already because we derive strength from our multicultural, multi-religious, and multi-country makeup as a group. It’s our forte, and we consistently share best practices, showcasing the bank’s commitment to sustainability.”
Renewable Energy
Bouabid highlighted that Bank of Africa is actively involved in financing green projects such as renewable energy and sustainable agriculture, further demonstrating the commitment towards environmental stewardship.
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 meters with dedicated parking and boasting a Grade A building certificate, addresses these challenges and creates a more collaborative and efficient work environment.”
Kobena mentioned that the new head office is not just a physical structure but a symbol of the fortitude of BOA Group and its commitment to the African continent, with a special emphasis on Uganda.
“With this evidence planted here, our competitors should recognize that Bank of Africa is here to stay and run the marathon,” Kobena further stated.
Addressing questions about accessibility and convenience for customers nationwide, Bank of Africa reiterated its commitment to ensuring that banking services are accessible to all.
With an extensive network of 32 branches and over 700 agents across Uganda, along with digital initiatives such as Mobile Wallet and Internet Banking, the bank ensures that customers can access banking services seamlessly, regardless of their location.
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