For the first time in its 90-year presence in Uganda, Absa Bank has appointed a Ugandan—David Wandera—as Managing Director, marking a historic shift toward 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. His selection is being celebrated as both a strategic and symbolic milestone for Uganda’s banking sector. He succeeds the outgoing leadership to head a financially robust and well-capitalised institution poised for further growth.
A seasoned banker and Chartered Accountant (FCCA – UK), Wandera brings more than two decades of experience in financial management, business strategy, and stakeholder engagement. Prior to this role, he served as Executive Director at Absa Bank Uganda, where he played a key role in improving operational efficiency and expanding market share—efforts that helped solidify Absa’s standing among Uganda’s top three banks in revenue and profitability.
Board Chairman Keith Kalyegira welcomed 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 both gratitude and optimism about leading the bank into a new chapter.
“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 aligns with the bank’s broader strategic ambitions, including expansion in digital banking, SME financing, customer-centric innovation, and inclusive finance. Wandera emphasized that his leadership would be grounded in integrity, collaboration, and a commitment to creating shared value for customers, communities, and shareholders alike.
Formerly known as Barclays Uganda, Absa Bank Uganda has undergone significant transformation in recent years. Wandera’s leadership is expected to enhance the bank’s local relevance and responsiveness amid 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.”
