Bank of Africa Uganda Limited, also known as BOA Uganda (BOAU), is one of the commercial banks in Uganda that have been licensed by the Bank of Uganda, the country's central bank and national banking regulator. Location The headquarters and main branch of Bank of Africa Uganda Limited, are located at 45 Jinja Road, in the central business district of Kampala, Uganda's capital and largest city. The geographical coordinates of the bank's headquarters are: 0°18'56.0"N, 32°35'32.0"E (Latitude:0.315556; Longitude:32.592222). Overview BOA Uganda is involved in all aspects of commercial banking although its focus is on providing banking services to multinational companies, mid-size local enterprises, and small retail businesses. As of December 2019, BOA Uganda was a medium-sized financial services provider, with total assets of UGX:803.07 billion (approximately US$218.25 million), with shareholders' equity of UGX:123.54 billion (approximately US$33.58 million). Bank of Africa Group The bank is a member of the Bank of Africa Group, a multinational, Pan African bank headquartered in Bamako, Mali, with presence in thirty-one countries. The group also maintains an office in Paris, France. As of June 2015, the group employed more than 12,500 people in more than 1,200 branches, servicing more than 4.5 million customers, with a total asset base in excess of €23.8 billion. History BOA Uganda started its operations in 1984 as Sembule Investment Bank (SIB). In 1996, SIB was purchased by Banque Belgolaise and the Netherlands Development Finance Company. The new owners renamed the bank Allied Bank. In October 2006, Banque Belgolaise sold its shares to investors that included the Bank of Africa (Kenya), Aureos East Africa Fund LLC, and Central Holdings (Uganda) Limited. The name of the bank was changed to Bank of Africa (Uganda) Limited. Ownership The share ownership of BOA Uganda as of 31 December 2018 was as illustrated in the table below: Source: Bank of Africa Uganda: Annual Report 2018 Governance The bank is supervised by an eight-person board of directors, chaired by John Caruthers, a non-executive board member. Management team John Caruthers is the chairman of the bank. In December 2010, Edigold Monday was appointed managing director of the bank. She became the first indigenous woman to rise to this level at a Ugandan commercial bank. In April 2014, Monday resigned. Arthur Isiko was appointed to replace her. Branch network As of December 2016, the bank maintained branches in all regions of the country, including at the following locations: Main