Bank of Africa

Type	Private
Founded	1984
Headquarters	Kampala,  Uganda
Key people	John Caruthers, Chairman Kwame Adhazi, Managing Director
Industry	Financial Services
Products	Loans, Savings, Investments, Debit Cards, Credit Cards Mortgages
Revenue	▲US$1.5 million (2007)
Total assets	US$55 million (2009)
Employees	142 (2007)
Website	http://www.boa-uganda.com/

Bank of Africa (Uganda) is a commercial bank in Uganda. The bank is a member of the Bank of Africa Group, a multinational, Pan African bank headquartered in Bamako, Mali, with presence in eleven (11) African countries, including Benin, Burkina Faso, Burundi, Kenya, Ivory Coast, Madagascar, Mali, Niger, Senegal, Tanzania and Uganda. ^[1]

The bank 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 April 2009, Bank of Africa (Uganda) is the 14th largest commercial bank in Uganda, with an estimated asset valuation of US$55 million, representing approximately 1.5% of all bank assets in the country. ^[2]

Contents 1 History 2 Ownership 3 Management Team 4 Branch Network 5 External links 6 See also 7 References

[edit] History

Bank of Africa started its operations in 1984 as Sembule Investment Bank. In 1996, Sembule Investment Bank was purchased by Banque Belgolaise 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), Aureos East Africa Fund LLC. and Central Holdings Ltd. The name of the bank was changed to Bank of Africa ^[3]

[edit] Ownership

The share ownership of Bank of Africa is summarised in the table below:

Bank of Africa Stock Ownership

Rank Name of Owner Percentage Ownership 1 Bank of Africa (Kenya) 48.17 2 Aureos East Africa Fund LLC. 21.82 3 FMO - Netherlands 19.54 4 Central Holdings (Uganda) Limited 0.47 Source: Bank of Africa: Annual Report 2007 [edit] Management Team John Caruthers is the Chairman of the bank. Michel Khan is the Managing Director of Bank of Africa (Uganda). He is assisted by seven (7) other managers in supervising the day-to-day bank activities. [edit] Branch Network As of October 2009, Bank of Africa has a network of fourteen (14) branches in the central, eastern, northern and western parts of Uganda. The bank's branches include the following locations: [4] Head Office - Jinja Road, Kampala Equatoria Branch - Ben Kiwanuka Street, Kampala Ndeeba Branch - Masaka Road, Ndeeba, Kampala Kampala Park Branch, Ben Kiwanuka Street, Kampala Kampala Road Branch - Kampala Road, Kampala Ntinda Branch - Ntinda, Kampala Jinja Branch - Main Street, Jinja Arua Branch - Avenue Road, Arua Mbale Branch - Cathedral Avenue, Mbale Lira Branch - Balla Road, Lira Mbarara Branch - Mbaguta Road, Mbarara Kobil Branch - Wankulukuku Road, Nalukolongo, Kampala Wandegeya Branch - Wandegeya, Kampala[5] Entebbe Branch - Entebbe[6] [edit] External links Bank of Africa Website List of banks in Uganda [edit] See also Bank of Africa Banking in Uganda [edit] References ^ The Bank of Africa Group ^ Asset Allocation Among Ugandan Banks ^ History of Bank of Africa ^ Bank of Africa branches in Uganda ^ Bank of Africa opens Wandegeya Branch ^ Bank of Africa Opens Entebbe Branch This Uganda-related article is a stub. You can help Wikipedia by expanding it. v • d • e This African corporation or company article is a stub. You can help Wikipedia by expanding it. v • d • e This bank and insurance-related article is a stub. You can help Wikipedia by expanding it. v • d • e This African bank or banking-related article is a stub. You can help Wikipedia by expanding it. v • d • e