Dr. Michael Atingi-Ego has been appointed as the new Governor of the Bank of Uganda, succeeding the late Emmanuel Tumusiime-Mutebile, who passed away in January 2022.
However, he has been serving as the Deputy Governor since March 2020 and has been acting as the Governor since Mutebile’s demise.
Dr. Atingi-Ego brings a wealth of experience to the role, having previously held positions such as Executive Director of the Macroeconomics and Financial Management Institute of Eastern and Southern Africa and Deputy Director of the African Department at the International Monetary Fund.
Also Read: Nine Finance Officials Arrested in Shs60bn BoU Heist
Furthermore, his extensive background in economics and finance is expected to provide strong leadership for the central bank. en.wikipedia.com
With this appointment, Professor Augustus Nuwagaba has been named the new Deputy Governor. Professor Nuwagaba is a renowned economist and consultant on economic transformation, bringing valuable expertise to the central bank’s leadership team.
The leadership of Dr. Atingi-Ego and Professor Nuwagaba is anticipated to bolster confidence in Uganda’s financial system and support the country’s economic growth.
The financial community and the public will be keenly observing how the new leadership addresses ongoing economic issues and implements policies to foster stability and development in Uganda’s economy.
In conclusion, these appointments come at a time as the Bank of Uganda continues to navigate economic challenges, including inflationary pressures and the need for monetary policy stability.
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