Uganda appoints Michael Atingi-Ego as New Central Bank Governor

Uganda’s President, Yoweri Museveni, has appointed Michael Atingi-Ego as the new Governor of the Bank of Uganda.

The appointment was confirmed by Presidency spokesperson, Sandor Walusimbi, on Monday in Nairobi.

Atingi-Ego, who has a long history with the central bank, previously held senior roles at the institution before leaving. He returned in 2020 as the Deputy Governor.

He has served as the acting head of the Bank of Uganda since the death of the long-serving Governor, Emmanuel Tumusiime-Mutebile, in 2022.

Atingi-Ego’s appointment as the new Governor is seen as a continuation of his leadership during a challenging period for the country’s financial sector.

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In addition, the Bank of Uganda has appointed Augustus Nuwagaba, an economist at Uganda’s largest public university, Makerere University, as the new Deputy Governor.

Nuwagaba’s expertise in economics is expected to strengthen the leadership team at the central bank.

The announcement was covered by various media outlets, including NTV Uganda, Daily Monitor newspaper, and Uganda Broadcasting Corporation.