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TodayThursday, April 30, 2026

Claver Serumaga

A photo collage of Uganda's 40-ready CEOs. They are exceptional executives shaping Uganda’s corporate future. From banking to oil and gas, insurance, and pharmaceutical, these CEO-ready leaders are poised to take top roles in the next 5 years.
A photo collage of Uganda's 40-ready CEOs. They are exceptional executives shaping Uganda’s corporate future. From banking to oil and gas, insurance, and pharmaceutical, these CEO-ready leaders are poised to take top roles in the next 5 years.

CEO-Ready: Uganda’s Rising Business Leaders to Watch in the Next 5 Years

Uganda no longer lacks CEO-ready talent; it is overflowing with it. From the commanding floors of leading banks and insurance firms, to the boardrooms of fast-moving consumer goods companies, oil and gas
August 22, 2025
Gift Shoko (left), Managing Director, has appointed Claver Serumaga (centre) and Catherine Psomgen (right) as part of a broader leadership reset. The two executives are expected to play key roles in Equity Bank Uganda’s strategy to stabilise operations, rebuild momentum, and refocus on long-term growth following the challenges of 2023.

Equity Bank Uganda Taps NCBA’s Claver Serumaga and Stanchart’s Catherine Psomgen to Reignite Growth

After a turbulent 2023 marked by a rare financial loss and significant executive turnover and a cautious 2024, Equity Bank Uganda is reinforcing its leadership bench with the appointment of two highly
May 19, 2025
Claver Serumaga, Managing Director of NCBA Bank Tanzania, has led the bank’s turnaround with a focus on credit discipline, digital innovation, and operational efficiency—positioning the institution for sustainable growth and resilience.

Claver Serumaga Continues Turnaround of NCBA Tanzania; Net Profit Grows 26% to TZS 25.5 bn

In 2024, NCBA Bank Tanzania posted its highest-ever net profit, closing the year with TZS 25.5 billion in after-tax earnings, a 26% increase from the previous year. The bank’s profit before tax
April 15, 2025
CLOCKWISE FROM THE TOP: Anthony Kituuka, Managing Director, Equity Bank Uganda; Shakira Shamim Mujuni, CEO, CIC Insurance; Richard Yego, Chief Executive Officer, MTN Mobile Money, Dorothy Kabagambe Ssemanda, CEO, ATC Uganda; Mark Muyobo, Managing Director/CEO, NCBA Bank Uganda; Grace Muliisa, Managing Director, Ecobank Uganda; Ruth Namuli, CEO, Sanlam General Insurance; Spera Atuhairwe, Country Director, BRAC International; Phillip Besiimire, Managing Director, Vodacom Tanzania Plc; Dr. Bridget Ssamula, CEO, The Engineering Council of South Africa (ECSA); Claver Serumaga, Managing Director/ CEO, NCBA Bank Tanzania and Michael Magambo, CEO, Vodacom Tower Co.

The rise of the Ugandan CEO – why more Ugandans are being trusted to run blue chip companies at home and abroad 

The year 2022 was a great year for the Ugandan Executive. More than 10 Ugandans rose to become Chief Executives of some of Uganda’s largest and most influential companies, as well as
February 2, 2023
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