President Yoweri Museveni has finally appointed new Bank of Uganda Governor ,Dr. Michael Atingi-Ego. He will be deputised by Augustus Nuwagaba.
Atingi -Ego, who is 60 years old has ben serving as the Deputy Governor.
He has been the acting head of the bank since the death of long-serving former governor, Emmanuel Tumusiime-Mutebile, in 2022.
Nuwagaba has been an economics lecturer at Uganda’s largest public university, Makerere.
Both men taken on the leadership role at the central bank with eyes set on ensuring economic stability, inflation control, and financial sector regulation.
Michael Atingi-Ego is a Ugandan economist, who was appointed Governor of the Bank of Uganda, on 10 February 2025. At the time of his appointment, he served as the Deputy Governor Bank of Uganda and previously executive director of the Macroeconomics and Financial Management Institute of Eastern and Southern Africa (MEFMI), based in Harare, Zimbabwe.
He started out at the Bank of Uganda. He rose through the ranks to become the executive director, of Research. In 2008 he took up an assignment with the International Monetary Fund (IMF) as deputy director of the African Department (AFR), based in Washington, DC. In September 2018, he was appointed as executive director at MEFMI.
After vetting by the Ugandan parliament, he replaced Louis Kasekende, whose 10-year term at the central bank ended in January 2020. Dr Atingi-Ego assumed office as Deputy Governor of Bank of Uganda, on 3 August 2020.
Atingi-Ego is credited with bringing a wealth of regional and international experience to his new office as Deputy Governor of the Bank of Uganda. While at the IMF, he contributed to IMF work on increasing effectiveness of capacity development and in modernising monetary policy frameworks in developing countries.
In May 2022, Atingi-Ego was recognized by African Banker Magazine as the “Central Bank Governor Of The Year”, in recognition of his efforts to tame inflation and maintain foreign exchange stability in Uganda.
