Equity Group, Kenya’s second-largest bank by assets, has extended its internal review efforts to Uganda, building on its recent dismissal of over 1,500 employees in Kenya due to alleged misconduct and fraud. In Uganda, the bank has launched a “culture of accountability” initiative—part of a broader campaign aimed at enhancing ethical standards, eliminating conflicts of interest, and strengthening operational oversight across its regional branches. Equity Bank Uganda Managing Director Gift Shoko emphasized that the campaign isn’t tied to any specific incident but reflects the institution’s strategic commitment to robust governance. “We’re conducting thorough audits, evaluating staff performance, and proactively identifying risks related to conflicts of interest and fraud,” said Shoko. “This isn’t about retribution—it’s about fostering integrity and ensuring clarity in expectations. However, where trust is compromised, we will act.” As part of the initiative, the bank is ...