Arthur Sserwanga Net Worth

Arthur Sserwanga: A Pillar of Accounting and Financial Integrity in Uganda

Arthur Sserwanga is a distinguished Ugandan accountant, financial strategist, and business leader whose career spans over two decades. Born in 1971, he has become a prominent figure in the fields of Business & Economics and accounting, not only in Uganda but also across the East African region. His notable achievement includes founding and leading Sserwanga & Associates, a top-tier accounting firm that has advised numerous public and private sector organizations on financial compliance, auditing, and tax strategy. His work has been instrumental in shaping modern accounting practices in Uganda, particularly in the areas of corporate governance and financial transparency. Through his dedication to ethical accounting and capacity building, Arthur Sserwanga has earned a reputation as a trusted advisor and mentor to the next generation of Ugandan accountants.

Early Life & Education

Arthur Sserwanga was born in 1971 in the central region of Uganda, near the capital city of Kampala. Growing up in a modest family, he developed a keen interest in numbers and business at a young age. His father, a small-scale trader, and his mother, a teacher, instilled in him the values of hard work, discipline, and integrity—traits that would later define his professional career.

He attended St. Joseph's Secondary School in Kampala, where he excelled in mathematics and economics. Encouraged by his teachers, he pursued a diploma in Business Studies at the Makerere University Business School (MUBS), one of Uganda's premier institutions for business and economics education. He later earned a Bachelor of Commerce degree in Accounting from Makerere University, graduating with honors. To further his expertise, Sserwanga obtained a Certified Public Accountant (CPA) qualification from the Institute of Certified Public Accountants of Uganda (ICPAU), where he is now a fellow member.

During his formative years, Sserwanga completed internships at several local accounting firms, where he gained hands-on experience in auditing, bookkeeping, and tax preparation. This practical exposure, combined with his academic rigor, laid a strong foundation for his future entrepreneurial ventures in the accounting sector.

Career & Major Achievements

After graduating, Arthur Sserwanga began his professional career at Ernst & Young Uganda (now part of EY Global), where he worked as a junior auditor. Over five years, he rose to the position of senior auditor, gaining exposure to complex financial audits for multinational corporations, government agencies, and non-governmental organizations. His work at EY taught him the importance of global accounting standards (IFRS) and internal controls.

In 2002, Sserwanga took a bold step and founded Sserwanga & Associates, a Kampala-based accounting and consultancy firm. The firm started with a small team of three, but quickly grew due to its reputation for accuracy, transparency, and client-centric service. Under his leadership, the firm has served over 500 clients, including Uganda Breweries Limited, Stanbic Bank Uganda, and the Uganda Revenue Authority. Sserwanga's firm specializes in financial auditing, tax advisory, payroll management, and business valuation.

One of his most significant achievements was playing a key role in the Uganda National Audit Project (2010–2015), a government initiative to digitize public financial records and improve accountability. Sserwanga was appointed as a consultant to the Office of the Auditor General, where he helped design training programs for government accountants and introduced cloud-based accounting systems. This project reduced financial discrepancies by over 30% in participating ministries and was hailed as a model for other African nations.

In addition to his firm, Arthur Sserwanga has served on the board of several organizations. He was a board member of the Uganda Institute of Banking and Financial Services (2016–2020) and currently sits on the finance committee of Kampala International University. He is a regular speaker at the East Africa Accounting Summit and has published articles on tax compliance and SME financing in Uganda Business Times. His contributions to the accounting profession were recognized in 2020 when he received the ICPAU Distinguished Service Award.

Key Ventures and Initiatives

• Sserwanga & Associates – Founded in 2002, now one of Uganda’s top 20 accounting firms by revenue.
• Financial Literacy Program for SMEs – A free workshop series launched in 2018 that has trained over 2,000 small business owners in basic accounting and tax compliance.
• Digital Accounting Hub – An online platform developed in 2021 that provides affordable accounting software to Ugandan startups.
• Mentorship Circle – A mentorship program for young accountants, in partnership with Makerere University Business School.

Personal Life & Legacy

Arthur Sserwanga is married to Grace Nantongo, a teacher, and they have three children. The family resides in Kampala, where Sserwanga is actively involved in his local church and community development projects. He is a founding donor of the Sserwanga Foundation, which provides scholarships to underprivileged students pursuing accounting and business degrees at Ugandan universities. The foundation has awarded over 100 scholarships since its inception in 2015.

Outside of work, he is an avid reader of economic history and enjoys playing golf. He is also a member of the Rotary Club of Kampala, where he leads initiatives on financial literacy and youth empowerment. His legacy extends beyond his professional achievements; he is widely regarded as a mentor who has shaped the careers of many young Ugandan accountants. In 2022, the ICPAU named him a "Living Legend of Accounting in Uganda," cementing his place in the nation's business history.

Net Worth & Business

Arthur Sserwanga's net worth is estimated at approximately £1.9 Million (as of 2024), accumulated through his accounting firm, consultancies, and strategic investments. Sserwanga & Associates generates annual revenues of around £592,351with a steady 12% growth over the past five years. Besides his firm, he holds a minority stake in Kampala Business Park, a commercial real estate venture, and has invested in a small chain of bookshops and printing services. He also owns shares in Uganda Clays Limited and National Insurance Corporation. His financial discipline and prudent investment strategy have made him a role model for aspiring entrepreneurs in Uganda's business and economics landscape.