Dr Michael Atingi-Ego has been appointed as the new Governor of the Bank of Uganda, succeeding the late Emmanuel Tumusiime-Mutebile, who passed away in January 2022. Atingi-Ego, who has served as Deputy Governor since March 2020, has been acting as Governor since Mutebile’s demise.
Alongside his appointment, Professor Augustus Nuwagaba has been named Deputy Governor. A highly respected economist and consultant on economic transformation, Nuwagaba brings extensive expertise to the central bank’s leadership.
Atingi-Ego was appointed Deputy Governor on March 29, 2020, leaving his role as the executive director of the Macroeconomics and Financial Management Institute of Eastern and Southern Africa (MEFMI) in Harare, Zimbabwe.
He holds a Bachelor’s degree in Economics from Makerere University, a Master of Arts in Economics from Cardiff Business School, UK, and a Doctor of Philosophy in Economics from the University of Liverpool, UK.
Atingi-Ego began his career at the Bank of Uganda, rising to become Executive Director of Research. In 2008, he joined the International Monetary Fund (IMF) as Deputy Director of the African Department in Washington, DC. By September 2018, he had taken up the role of executive director at MEFMI.
Following parliamentary vetting, he replaced Louis Kasekende, whose 10-year term at the central bank ended in January 2020.
