JUST IN: Michael Atingi-Ego has been appointed as the new Governor of the Bank of Uganda

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Michael Atingi-Ego has been appointed as the new Governor of the Bank of Uganda

Kampala, Uganda — In a major leadership shift at the Bank of Uganda, Michael Atingi-Ego has been appointed as the new Governor.

Sources disclosed that prominent economist, Augustus Nuwagaba, takes on the role of Deputy Governor.

BoU is yet to issue a statement on the development.

The move marks a significant transition in the country’s central bank leadership.

Atingi-Ego, who had been serving as the Deputy Governor since 2020, steps into the top role following the passing of Emmanuel Tumusiime-Mutebile, Uganda’s long-serving central bank chief.

Mutebile, who led the institution for over two decades, passed away in January 2022, leaving behind a legacy of stabilizing Uganda’s monetary policies and spearheading financial reforms.

His successor, Atingi-Ego, is a seasoned economist with extensive experience in central banking and financial policy. Before his tenure as Deputy Governor, he worked at the International Monetary Fund (IMF) and previously held key positions at the Bank of Uganda. His appointment signals continuity in Uganda’s monetary policies at a time of economic uncertainty, inflation concerns, and external financial pressures.

The leadership change comes as Uganda navigates post-pandemic economic recovery, a volatile exchange rate, and global financial challenges. Stakeholders are keen to see how the new Governor will steer Uganda’s financial sector in the coming years.

CHIMP REPORTS

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