Absa Bank Uganda has announced the appointment of David Wandera as Managing Director, effective 5 May 2025, following the necessary regulatory approval from the Bank of Uganda.
Wandera is an accomplished banker with over 20 years of diverse experience in business leadership, financial management, strategy and stakeholder engagement.
Prior to this appointment, he served as Executive Director charged with the responsibility of delivering operational efficiencies within Absa Bank Uganda.
He played a critical role in driving the bank’s market share growth, consolidating its position as one of the top three banks in the country in both revenue and profitability, making him uniquely positioned to lead Absa Bank Uganda into its next phase of growth.
He is a Chartered Accountant (FCCA – UK) and holds a Master’s in International Finance from the University of Leeds.
His strong academic foundation and practical experience reinforce the Board’s confidence in his ability to provide visionary, results-driven leadership.
Commenting on the appointment, Keith Kalyegira, the Board Chairman, expressed confidence in Wandera's leadership.
“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," Kalyegira said.
Commenting about the appointment, Wandera shared his vision for the bank.
“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. 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 appointment marks a historic milestone, as he becomes the first Ugandan to serve as Managing Director in the bank’s over 90-year history in Uganda.