David Wandera becomes first Ugandan to head Absa Bank Uganda

For the first time in its 90-year presence in Uganda, Absa Bank has appointed a Ugandan—David Wandera—as Managing Director, signaling a new era of local leadership at one of the country’s top financial institutions.

Wandera’s appointment, effective May 5, 2025, follows regulatory approval from the Bank of Uganda and is being hailed as both a strategic and symbolic milestone for the banking sector. He replaces the outgoing leadership to take charge of a financially robust and well-capitalised institution poised for growth.

A seasoned banker and Chartered Accountant (FCCA – UK), Wandera brings over two decades of experience in financial management, business strategy, and stakeholder engagement. Prior to this appointment, he served as Executive Director at Absa Bank Uganda, where he was instrumental in boosting operational efficiency and driving market share growth. His efforts helped cement Absa’s place among Uganda’s top three banks in both revenue and profitability.

Board Chairman Keith Kalyegira praised the appointment, stating, “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. 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.”

Wandera, who holds a Master’s in International Finance from the University of Leeds, expressed gratitude and optimism about the bank’s future under his leadership.

“It is a great honour to be appointed Managing Director of Absa Bank Uganda at such a pivotal time in our growth journey,” he said. “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.”

His appointment also aligns with the bank’s strategic ambition to expand in key areas such as digital banking, SME financing, customer-centric innovation, and inclusive finance. Wandera emphasized that his leadership would focus on integrity, collaboration, and delivering shared value to customers, communities, and shareholders alike.

Absa Bank Uganda, formerly Barclays Uganda, has undergone significant transformation in recent years, and Wandera’s appointment is expected to further deepen its local relevance and responsiveness in a rapidly evolving financial services landscape.

“The Board and entire Absa Uganda team warmly welcome David to his new role and look forward to working with him as we continue to deliver on our purpose of empowering Africa’s tomorrow, together… one story at a time,” a bank official said.