President Yoweri Kaguta Museveni has appointed Dr. Michael Atingi-Ego as the new Governor of the Bank of Uganda (BoU). Dr. Atingi-Ego, who has been serving as the Deputy Governor since August 2020, brings a wealth of experience to the central bank’s top position.
He now replaces Emmanuel Tumusiime-Mutebile who died on 23 January 2022.
Concurrently, Professor Augustus Nuwagaba has been named the new Deputy Governor, marking a notable addition to the bank’s leadership.
Dr. Atingi-Ego’s career spans several decades, beginning at the Bank of Uganda, where he rose to the position of Executive Director of Research.
In 2008, he joined the International Monetary Fund (IMF) as Deputy Director of the African Department, a role that expanded his expertise in macroeconomic and financial policies across the continent.
Before his appointment as Deputy Governor in 2020, he served as the Executive Director of the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) in Harare, Zimbabwe.
Dr. Atingi-Ego’s extensive experience in monetary policy and financial stability is expected to provide continuity and confidence in the central bank’s strategies.
Professor Nuwagaba is an international consultant renowned for his work in economic transformation and wealth creation in Africa.
He holds a Master of Science from the London School of Economics and a PhD in Economics, Inclusion, and Poverty Eradication from Makerere University.
As the Managing Consultant at REEV Consult International Limited, based in Kampala, he has provided specialized consulting services to various governments and institutions, focusing on fiscal metrics, financial performance, and tax policy analysis.
The appointments come at a critical time as Uganda navigates complex economic challenges, including inflationary pressures and the need for sustainable economic growth.
Professor Nuwagaba’s expertise in economic transformation is anticipated to complement the bank’s efforts in fostering inclusive growth and financial sector development.
The combined expertise of Dr. Atingi-Ego and Professor Nuwagaba is expected to strengthen the Bank of Uganda’s role in maintaining monetary stability and promoting economic development.
As the central bank undergoes this leadership transition, the focus will be on implementing policies that support economic resilience and prosperity for all Ugandans.
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