By BigEyeUg Team
Equity Bank Uganda has announced the appointment of Claver Serumaga as its new Executive Director, marking a strategic leadership shift aimed at bolstering the bank’s digital and commercial banking capabilities in a rapidly evolving financial landscape.
Serumaga joins Equity Bank at a pivotal moment as Uganda’s banking sector becomes increasingly competitive and innovation-led. With over two decades of banking experience across the African continent, he brings a wealth of expertise in digital transformation, business development, and cross-border banking operations.
Prior to this appointment, Serumaga served as Chief Executive Officer at NCBA Bank in Tanzania, where he spearheaded key operational improvements and enhanced the bank’s market position.
His leadership journey also includes notable roles such as Deputy Managing Director at Bank of Africa Kenya and Chief Digital Officer at Bank of Africa Group. In these positions, he led digital transformation initiatives across 16 African countries, establishing himself as a prominent figure in fintech innovation within traditional banking.
Serumaga is no stranger to the Ugandan banking ecosystem. Earlier in his career, he served as General Manager for Business Development at Bank of Africa Uganda, gaining valuable insights into local market dynamics and customer behavior.
Speaking on the appointment, Equity Bank Uganda Chairman Marik Ocitti praised Serumaga’s leadership acumen and forward-thinking approach.
“Claver brings not just expertise, but a forward-looking mindset that reflects our ambition to be a leading force in inclusive and technology-driven banking,” Ocitti stated. “His appointment reinforces our commitment to reshaping financial services for the future.”
Serumaga holds an MBA in Executive Management from the University of Cape Town and a Bachelor’s degree in Social Sciences from Makerere University. He is also a Fellow of the Chartered Institute of Marketing (UK), enhancing his strategic and customer-focused approach to banking innovation.
His arrival at Equity Bank Uganda signals a renewed push toward expanding financial inclusion through digital platforms and deeper community engagement—key pillars in the bank’s long-term vision for transformative banking in Uganda.
