Michael Atingi-Ego Appointed New Governor of Bank of Uganda

Michael Atingi-Ego has been appointed as the new Governor of the Bank of Uganda, following the passing of Emmanuel Tumusiime-Mutebile, who served as Governor from 2001 until his death in 2022.

Atingi-Ego, who previously held the position of Deputy Governor, brings a wealth of experience to his new role.

Atingi-Ego’s appointment comes after his distinguished career at the Bank of Uganda, where he began in August 1984 and eventually became Executive Director of Research.

He was appointed Deputy Governor in March 2020 and has since earned recognition for his efforts in managing inflation and stabilizing foreign exchange in Uganda. In May 2022, he was honored with the “Central Bank Governor of the Year” award for his achievements.

Throughout his career, Atingi-Ego has made significant contributions to economic policy and financial management. His tenure includes a notable period at the International Monetary Fund (IMF), where he served as Deputy Director of the African Department from 2008. At the IMF, he helped enhance the effectiveness of capacity development and modernized monetary policy frameworks in developing countries, as well as improving macroeconomic statistics across sub-Saharan Africa.

Atingi-Ego holds a Bachelor of Science in Economics from Makerere University, Uganda, and furthered his education in the United Kingdom, earning a Master of Science in Economics from Cardiff Business School and a Doctor of Philosophy in Economics from the University of Liverpool.

Alongside Atingi-Ego, Prof. Augustus Nuwagaba has been appointed as the new Deputy Governor of the Bank of Uganda.

With their combined expertise and leadership, the Bank of Uganda is poised to maintain its role in supporting the country’s economic growth and stability.