A New Chapter
Welcome to the Network
The Global Indian Network is pleased to welcome Equity Bank Uganda Limited as a Corporate Member — a partnership that connects one of East Africa's most consequential financial institutions with a global community of founders, investors, policymakers, and business leaders.
This is more than a membership. It is a bridge between Uganda's fastest-growing banking network and a diaspora ecosystem spanning 49+ countries — built to unlock trade corridors, investment flows, and the kind of long-term relationships that turn ambition into enterprise.
For the Global Indian community with interests across East Africa, Equity Bank Uganda represents something rare: a bank with genuine national reach, deep community roots, and an explicitly stated purpose of expanding opportunity rather than simply extending credit.
Who They Are
Banking, Reimagined for Uganda
Equity Bank Uganda Limited is one of the fastest growing banks in the country, operating a network of 50 branches and more than 50 ATMs across Uganda — with 25 branches concentrated in Central and greater Kampala.
The bank serves over 2,000,000 customers, supported by a deliberately layered distribution model: internet banking, the Eazzy 247 mobile platform, more than 2,400 point-of-sale terminals, an agent network of over 8,000 Equity Duuka outlets, and partnerships with Uganda's major telecom operators.
Since launching in Uganda in 2008, the bank has grown its net loan book to UGX 1,474 billion — a scale that places it among the country's most significant lenders to households, small enterprises, and corporates alike.
Purpose & Philosophy
A Bank Built on Conviction
Equity exists, in its own words, to transform the lives and livelihoods of its people socially and economically — by making modern, inclusive financial services available to those who maximise their opportunities with them.
Purpose
Transforming lives, giving dignity and expanding opportunities for wealth creation.
Vision
To be the champion of the socio-economic prosperity of the people of Africa.
Mission
To offer integrated financial services that socially and economically empower consumers, businesses and communities.
Equity provides inclusive financial services that transform livelihoods, give dignity and expand opportunities.
Core Values
What Guides Them
Equity is guided by a set of values it applies across every activity it undertakes — values that align closely with the standards the Global Indian Network expects of its corporate members.
The Journey
Eighteen Years of Building
Recognition
Awarded, Repeatedly
Equity's model has drawn recognition from local industry bodies and international institutions alike — a track record that reflects consistency rather than a single strong year.
2024
Gold Award for Digital Banking Excellence at the HiPipo Digital Impact Awards. Best Crisis Communication Management at the PRAU Awards.
2023
National Agri-Financers Award at the Annual Agricultural Awards. ESG Private Sector Development Award from PSFU.
2022
Most Innovative Commercial Bank Brand at the People's Choice Awards. Best Innovation for the USSD *247# product at the Uganda Marketing Excellence Awards.
Equity's approach has also attracted international attention, hosting delegations and dignitaries studying financial inclusion and poverty reduction across Africa — among them UN Advisor HRH Princess Máxima of the Netherlands, former UN First Lady Nane Annan, CGAP President Elizabeth Littlefield, WWB President Nancy Barry, and Melinda French Gates.
Leadership
The People Behind the Bank
Equity Bank Uganda is led by a board and executive team drawn from across Africa's financial, legal, and commercial sectors.
Mr. Henry Rugamba
Non-Executive Chairman
A communications and crisis management strategist with more than 30 years in public relations and corporate affairs. Also Chairman of BAT Uganda and Hariss International Uganda.
Gift Shoko
Managing Director
Multi-regional banking leader with experience across African markets, specialising in corporate and retail banking, business strategy, and digital transformation.
Mr. Claver Serumaga
Executive Director
Over 20 years of Pan-African banking experience, previously CEO of NCBA Bank Tanzania and Deputy Managing Director at Bank of Africa Kenya.
The Opportunity
Why This Partnership Matters
Uganda sits at the centre of East Africa's commercial geography, and the Indian diaspora has been part of its business fabric for generations — in manufacturing, agro-processing, trade, real estate, and increasingly in technology and financial services.
What has often been missing is a reliable bridge: a banking partner with national reach, regional understanding, and the institutional depth to support cross-border ambition rather than merely process it.
Equity Bank Uganda's membership of the Global Indian Network creates exactly that. For GIN members exploring East African markets, it opens a channel to a bank that already understands the terrain. For Equity, it connects the institution to a global community of decision-makers with capital, expertise, and appetite.
Growing together in trust — a motto that describes not only how Equity banks, but how the strongest cross-border partnerships are actually built.
Equity Bank Uganda Limited is regulated by the Bank of Uganda, Company Number 52619. Customer deposits are protected by the Deposit Protection Fund of Uganda.
Connect
Explore Opportunities Across East Africa
Whether you are looking to enter the Ugandan market, expand an existing operation, or build banking relationships across East Africa, the Global Indian Network can make the introduction.
