Overview:
Communications strategist Henry Rugamba takes over as Equity Bank Uganda chairman as Mark Ocitti concludes his nine-year tenure
KAMPALA, Uganda — Equity Bank Uganda Limited has appointed public relations veteran Henry Rugamba as its new non-executive chairman, replacing Mark Ocitti who has retired following the end of his term of office.
The transition, which became effective June 15, 2026, was confirmed in an official institutional notice published by the board secretary.
The board restructuring follows recent corporate disclosures indicating that Ocitti, who has steered the Equity Bank board for nearly a decade, will take over as the chief executive of chief market rival Stanbic Uganda Holdings Limited on July 10, 2026. The move cleanly cuts Ocitti’s fiduciary ties with Equity Bank ahead of his executive deployment at Stanbic.
Prof. Isaac Macharia, the chairman of Equity Group Holdings Plc, stated that Rugamba’s extensive background in crisis management and stakeholder engagement will stabilize and drive the bank’s strategic direction. Macharia also paid tribute to Ocitti’s nine years of service, noting his tenure consolidated the bank’s market position and institutional capacity.
Rugamba steps into the chairmanship with more than 30 years of corporate experience in strategic advisory and reputation management across the public and private sectors. A politics and international law graduate from Makerere University, Rugamba also serves as the chairman of BAT Uganda and Hariss International Uganda.
The incoming chairman also sits on the board of ANECCA, a medical charity managing HIV/Aids care in the Karamoja region, and is a member of the Rotary Club of Kampala.