Uganda’s banking sector is emerging as one of the region’s most attractive growth markets, according to Mr Shashi Dhar, Managing Director of Bank of Baroda Uganda.
Speaking in an exclusive interview on Radiowalla, available on AfroMobile, Mr Dhar described Uganda as a dynamic, opportunity-rich economy, drawing on more than three decades of global banking experience.
Born in Kanpur, India, Mr Dhar attributes his leadership values to a humble upbringing and broad international exposure.
He joined Bank of Baroda in 1998 after earlier roles at the World Trade Organization and Indian Overseas Bank, rising to senior leadership positions across multiple markets.
Nearly three years into his tenure in Uganda, Mr Dhar highlighted the country’s strong business prospects, disciplined borrowers and resilient enterprises.
While noting that India’s banking sector is more mature, he said Uganda’s financial system is developing quickly, supported by strong asset quality and a diverse economy.
He said Bank of Baroda Uganda plays a key role in supporting entrepreneurship, financing both Ugandan businesses and Indian investors establishing operations in the country, helping to bridge cross-border trade and investment.
This view was echoed by Amitesh, one of our Radiowalla presenters and a businessman, who noted that the bank’s focus is on enabling enterprise growth through tailored financial solutions while building long-term partnerships that support Uganda’s broader economic development.
Under Mr Dhar’s leadership, the bank continues to promote sustainable financing through its Go Green initiative and expand digital banking services, while maintaining a strong emphasis on relationship-driven banking.
“Technology can enhance efficiency, but it cannot replace trust and human connection,” Mr Dhar said.