Kampala– President Yoweri Museveni has appointed Dr. Michael Atingi-Ego as the new Governor of the Bank of Uganda, with Prof. Augustus Nuwagaba named as the Deputy Governor.
The announcement was made by the Presidential Press Unit, citing Article 161(2) and (3)(a) of the 1995 Constitution as the basis for the appointments.
Dr. Atingi-Ego, who has extensive experience in monetary policy and financial regulation, takes over the helm of the central bank at a critical time when Uganda is focused on economic stability and growth.
He previously served as the Deputy Governor of the Bank of Uganda and has held various leadership positions in the financial sector.
Prof. Augustus Nuwagaba, an accomplished economist and policy expert, brings vast experience in financial planning, economic transformation, and institutional governance.
His expertise is expected to bolster the central bank’s strategic direction and economic oversight.
The appointments are now subject to parliamentary approval before the officials assume office. The Bank of Uganda plays a pivotal role in shaping the country’s monetary policy, regulating financial institutions, and ensuring economic stability.
The appointments come at a time when Uganda is navigating economic recovery amid global financial uncertainties. The leadership transition is expected to reinforce confidence in the financial sector and strengthen economic policy formulation.
Dr. Atingi-Ego and Prof. Nuwagaba’s credentials have been submitted to Parliament for vetting and approval, as mandated by