Makerere University Council, the University’s highest decision making body yesterday selected former finance Minister Dr. Ezra Suruma for the chancellor job.
The council unanimously agreed to front the former finance minister’s name to president Museveni who is the appointing authority yesterday, though the council was supposed to vote for the best candidate between former chief Justice Benjamin Odoki and Suruma.
The University awaits for president’s decision. If confirmed, Dr. Suruma will replace Prof. Mondo Kagonyera whose term of office will expire tomorrow, 23rd, October 2015.
Suruma will be the third non head of state to ascend to the University chancellorship after former Prime Minister Prof. Apollo Nsibabmbi and outgoing chancellor Mondo Kagonyera.
Prior to his government and private sector work, Dr. Suruma worked as a Professor of Economics and Management at Makerere University and at Florida A&M University.
In 1987, he joined Uganda as the Director of Research, serving in that capacity until 1990.
From 1990 until 1993, he served as the Deputy Governor of the Bank of Uganda.
In 1993 he left the Bank of Uganda and joined Uganda Commercial Bank (UCB) as the Chairman and Managing Director, serving in that capacity until 1996.
UCB, the then largest commercial bank in Uganda, formerly owned by the government, was acquired by the Standard Bank of South Africa in 2002, and merged with Stanbic Bank Uganda, in 2002.
In 2005, he was appointed Minister of Finance, Planning and Economic Development. He served in that capacity until 16 February 2009, when he was appointed Senior Presidential Adviser on Finance & Economic Planning.
The international banking magazine, “The Banker,” chose Dr. Suruma to receive the “Best Finance Minister of Africa Award,” for 2008.