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Bank of Africa (BOA) commemorated its 40th anniversary with the grand opening of its new headquarters in Kampala recently.

The inauguration ceremony along Lugogo bypass was attended by Tumubweine Twinemanzi, the director in charge of bank supervision at Bank of Uganda, former capital markets authority CEO Keith Kalyegira, the bank clients among others.

BOA is a subsidiary to BMCE Bank of Africa Group, one of the world's leading international banks.

In his address, Arthur Isiko, the managing director at Bank of Africa said the investment in the modern facility aims to support clients better.  

(Photo by Eddie Ssejjoba)

(Photo by Eddie Ssejjoba)

“We are not only opening our new head office but here to celebrate 40 years of Bank of Africa since it was established in Africa. The investment that you see is a testament to Bank of Africa's strategic vision for the future. As the financial landscape in Uganda evolves, our commitment to innovation and efficiency remains unwavering.”

Isiko said the new facility has been designed to enhance capabilities, foster team collaboration, and ensure readiness for future banking technologies.

“The investment in this infrastructure also underscores Bank of Africa's dedication to tailoring our services to meet and exceed our clients' expectations with service delivery," he added.

Kobena Andah, the regional director for Anglophone subsidiaries within the BOA Group said commended the design of the new facility.

“This state-of-the-art facility is a major improvement from the former head office. The old building served Bank of Africa very well from 2006 when the bank had 50 supporting staff and only five branches. However, with the impressive growth of the bank, it couldn’t contain the overall 200 staff who had to administer 32 branches.”

Amine Bouabid, chief executive officer of BOA Group said the building’s extensive space will a better working space for staff as well as bank clients.

(Photo by Eddie Ssejjoba)

(Photo by Eddie Ssejjoba)

“This new headquarters that we are celebrating is about 400,000 square meters and gathers all the bank's business units. It translates to the long-term commitment of our group to develop its presence in Uganda and become an international platform for operators in Uganda and foreign investors,” Bouabid said.