President Yoweri Kaguta Museveni has appointed Dr. Micheal Atingi-Ego Governor of the Bank of Uganda and Prof. Augustus Nuwagaba as the new Deputy Governor.
Atingi-Ego who has been serving as the Deputy Governor of the Bank of Uganda replaces the late Emmanuel Tumusiime Mutebile, who died in January 2022, after a long illness.
Nuwagaba is an international consultant on Economic Transformation and also an African wealth creation expert. He is qualified (MBA) in application of central bank monetary policy on commercial bank competitiveness.
The move marks a significant transition in the country’s central bank leadership.
Mutebile, who led the institution for over two decades, passed away in January 2022, leaving behind a legacy of stabilizing Uganda’s monetary policies and spearheading financial reforms.
His successor, Atingi-Ego, is a seasoned economist with extensive experience in central banking and financial policy. Before his tenure as Deputy Governor, he worked at the International Monetary Fund (IMF) and previously held key positions at the Bank of Uganda. His appointment signals continuity in Uganda’s monetary policies at a time of economic uncertainty, inflation concerns, and external financial pressures.
Meanwhile, Augustus Nuwagaba, a respected economist and consultant in economic transformation, assumes the position of Deputy Governor. Nuwagaba has been instrumental in advising on Uganda’s economic growth strategies and poverty alleviation programs.
The leadership change comes as Uganda navigates post-pandemic economic recovery, a volatile exchange rate, and global financial challenges. Stakeholders are keen to see how the new Governor will steer Uganda’s financial sector in the coming years.