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Meet Godfrey Kamau and Gift Shoko, the two men sent by Equity Group to sanitise and stabilise the rocky Equity Bank Uganda ship

Godfrey Kamau (left), Equity Bank Uganda's Director of Banking Operations and Gift Shoko, the Executive Director, Commercial Banking

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Since Equity Bank Uganda discovered a UGX65 billion (approximately USD 18 million) digital fraud, the bank has been in the eye of the storm, causing a whirlwind of losses, staff exits, and reputation damage. Not only did it slide from profit to loss—from a profit of UGX45.8 billion in 2022 to a loss of UGX18 billion in 2023—but the fraud, coupled with a growing non-performing loans book tha

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