Absa Bank Uganda has appointed David Wandera as its new Managing Director, effective May 5, 2025, following regulatory approval from the Bank of Uganda.
The appointment marks a historic milestone, as Wandera becomes the first Ugandan to lead the bank in its over 90-year history in the country.
Wandera brings over two decades of experience in financial management, business leadership, and strategic execution. Prior to his appointment, he served as the bank’s Executive Director, where he was instrumental in enhancing operational efficiencies and contributing significantly to Absa’s rise as one of Uganda’s top three banks by revenue and profitability.
A Chartered Accountant (FCCA – UK), Wandera also holds a Master’s degree in International Finance from the University of Leeds. His blend of academic excellence and hands-on industry experience has earned him recognition as a visionary leader capable of steering the bank into its next phase of growth.
Commenting on the appointment, Absa Bank Uganda Board Chairman Keith Kalyegira said, “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 expressed gratitude for the appointment and outlined his leadership vision. “It is a great honour to be appointed Managing Director of Absa Bank Uganda at such a pivotal time in our growth journey. I am inspired by the strength of our legacy and excited about the opportunities that lie ahead,” he said.
He added, “Together with our exceptional team, I am committed to deepening customer trust, accelerating innovation, and driving inclusive growth. My leadership will be anchored on integrity, collaboration, and a relentless focus on delivering shared value to our customers, communities, and shareholders.”
Wandera’s historic appointment not only signals a new era for the bank but also reflects Absa’s commitment to promoting local leadership and inclusivity in the financial sector.
