President Yoweri Museveni has appointed Dr Michael Atingi-Ego as the new Bank of Uganda (BoU) Governor, with Prof. Augustus Nuwagaba as the Deputy Governor.
The Presidential Press Unit (PPU), an official media unit of the President, confirmed the appointments in a press statement on Monday afternoon.
“The Presidential Press Unit wishes to inform the public that, in the exercise of the powers vested in the President by Article 161(2) and (3)(a) of the 1995 Constitution, Dr. Michael Ating-Ego has been appointed as the new Governor, and Prof. Augustus Nuwagaba has been appointed as the Deputy Governor of the Bank of Uganda, the PPU statement read on Monday.
“Their names and CVs have been submitted to Parliament for approval,” it added.
Atingi-Ego, 60, who was appointed Deputy Governor in March 2020, has been acting as the Governor since the demise of the late Emmanuel Tumusiime-Mutebile, who passed away in January 2022.
He was previously executive director of the Macroeconomics and Financial Management Institute of Eastern and Southern Africa (MEFMI), based in Harare, Zimbabwe before joining the Central Bank as Deputy Governor in 2020.
On the other hand, Professor Nuwagaba, a renowned economist and consultant on economic transformation, comes in to elevate to the Deputy Governor position and brings with him valuable expertise to the central bank’s leadership team.
The appointment of a substantial Bank of Governor comes barely a week after eight officials from the Ministry of Finance including the Accountant General were last week arrested and charged with corruption, electronic fraud and money laundering involving a multibillion heist at the Central Bank of over Shs60bn.
