Michael Atingi-Ego appointed Bank of Uganda Governor
Michael Atingi-Ego appointed Bank of Uganda Governor

Michael Atingi-Ego appointed Bank of Uganda Governor

News summary

Michael Atingi-Ego has been appointed as the new Governor of the Bank of Uganda, filling a leadership void that lasted three years following the death of former Governor Emmanuel Tumusiime-Mutebile in January 2022. Atingi-Ego, who previously served as Deputy Governor, has extensive experience in central banking and financial policy, having also worked at the International Monetary Fund. Augustus Nuwagaba, an economist and consultant, has been named the new Deputy Governor, bringing his expertise in economic transformation and poverty alleviation to the role. The appointments come at a critical time as the Bank of Uganda faces challenges related to economic stability and inflation control. Analysts have noted that the prolonged vacancy in leadership had previously created uncertainty in monetary policy and weakened investor confidence. Stakeholders are now looking to Atingi-Ego's leadership for guidance during a period marked by economic recovery and external financial pressures.

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