Absa Bank Uganda has appointed David Wandera as its new Managing Director, following regulatory approval from the Bank of Uganda.
Wandera, who brings more than two decades of banking and leadership experience, steps into the role at a pivotal time for the bank. He becomes the first Ugandan to lead the institution in its more than 90-year history in the country.
The appointment, which took effect on 5 May 2025, was confirmed by the bank’s Board Chairman, Keith Kalyegira, who praised Wandera’s experience and commitment to customer-focused growth.
“David brings to this role a deep understanding of the evolving needs of our customers, coupled with a proven track record of leadership, integrity, and innovation,” said Kalyegira. “The Board is confident that under his stewardship, Absa Bank Uganda will continue to strengthen its market position, drive meaningful growth, and deliver long-term value to all our stakeholders.”
Before taking up this role, Wandera served as the bank’s Executive Director, where he was responsible for streamlining operations and expanding market share. His leadership has been credited with helping position Absa as one of Uganda’s top three banks in both revenue and profitability.
A Chartered Accountant and fellow of the UK-based Association of Chartered Certified Accountants (FCCA), Wandera also holds a Master’s degree in International Finance from the University of Leeds.
In a statement, he said it was a “great honour” to lead the bank at a time of significant opportunity.
“I am inspired by the strength of our legacy and excited about the opportunities that lie ahead. Together with our exceptional team, I am committed to deepening customer trust, accelerating innovation, and driving inclusive growth,” he said.
Wandera’s appointment comes as the bank rolls out new digital services, including Digi Loans and Online Account Opening, designed to meet growing demand for faster, paperless banking.
The new loan product allows eligible customers to borrow between sh20,000 and sh2 million instantly, without visiting a branch or filling out paperwork, provided they have held an Absa account for at least a year.
Wandera said the bank’s focus going forward would include strengthening digital banking, supporting SMEs, and expanding access to inclusive financial services.
“We remain committed to delivering shared value to our customers, communities, and shareholders,” he said.
