David Wandera, new M.D Absa Bank Uganda
Absa Bank Uganda has appointed David Wandera as its new Managing Director, effective May 5, 2025, following regulatory approval from the Bank of Uganda. With over 20 years of experience in business leadership, financial management, and strategy, Wandera is well-equipped to lead the bank into its next growth phase.
A Proven Track Record
As Executive Director, Wandera drove operational efficiencies and market share growth, consolidating Absa Bank Uganda’s position as one of the top three banks in the country. His strong academic foundation, including a Master’s in International Finance from the University of Leeds and being a Chartered Accountant (FCCA – UK), reinforces the Board’s confidence in his leadership.
Vision for the Future
Wandera’s vision for the bank focuses on deepening customer trust, accelerating innovation, and driving inclusive growth. He emphasized the importance of integrity, collaboration, and delivering shared value to customers, communities, and shareholders. The appointment aligns with Absa Uganda’s strategic ambition to accelerate growth in digital banking, SME support, customer-centric innovation, and inclusive finance.
A Historic Milestone
Wandera’s appointment marks a significant milestone as he becomes the first Ugandan to serve as Managing Director in the bank’s over 90-year history in Uganda. The Board and Absa Uganda team welcome Wandera to his new role, looking forward to working with him to deliver on the bank’s purpose of empowering Africa’s tomorrow.
Driving Growth
With a strong capital position, local expertise, and regional strength, Absa Bank Uganda is well-poised for growth. Wandera’s leadership will focus on leveraging these strengths to drive long-term value creation in Uganda’s dynamic financial services landscape. The bank remains committed to delivering shared value to its stakeholders, and Wandera’s appointment is a significant step towards achieving this goal.
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