Published on 10/02/2025
President Yoweri Kaguta Museveni has appointed Dr. Micheal Atingi-Ego Governor of the Bank of Uganda and Augustus Nuwagaba as the new Deputy Governor.
Atingi-Ego who has been serving as the Deputy Governor of the Bank of Uganda replaces the late Emmanuel Tumusiime Mutebile, who died in January 2021, after a long illness.
Nuwagaba is an international consultant on Economic Transformation and also an African wealth creation expert. He is qualified (MBA) in application of central bank monetary policy on commercial bank competitiveness.
Who Is Dr. Micheal Atingi-Ego
Michael Atingi-Ego is a Ugandan economist, who was appointed Governor of the Bank of Uganda, on 10 February 2025. At the time of his appointment, he served as the Deputy Governor Bank of Uganda and previously executive director of the Macroeconomics and Financial Management Institute of Eastern and Southern Africa (MEFMI), based in Harare, Zimbabwe.
Background and education
Atingi-Ego was born in Uganda. He attended local primary and secondary schools. He holds a bachelor’s degree in Economics from Makerere University, Uganda’s oldest and largest public university. His degree of Master of Arts in Economics was awarded by the Cardiff Business School, in the United Kingdom (UK). His Doctor of Philosophy degree, also in Economics, was obtained from the University of Liverpool, also in the UK.
Career
He started out at the Bank of Uganda. He rose through the ranks to become the executive director, of Research. In 2008 he took up an assignment with the International Monetary Fund (IMF) as deputy director of the African Department (AFR), based in Washington, DC. In September 2018, he was appointed as executive director at MEFMI.
After vetting by the Ugandan parliament, he replaced Louis Kasekende, whose 10-year term at the central bank ended in January 2020. Dr Atingi-Ego assumed office as Deputy Governor of Bank of Uganda, on 3 August 2020.
Who Is Augustus Nuwagaba
Augustus Nuwagaba is the Deputy governor of the Central Bank of Uganda also known as Bank Of Uganda and an international consultant on economic transformation. He is a wealth creation expert in Africa.
He is qualified (MBA) in application of central bank monetary policy on commercial bank competitiveness. Prof. Nuwagaba has worked intensively in analysis of fiscal metrics for governments in Africa, review of financial performance and analysis of tax policies. He works as the managing consultant at REEV Consult International Limited, a private consultancy firm, incorporated in Uganda, with headquarters at plot 515 Bombo Road within the city of Kampala, Uganda’s capital and largest city.
He was Consultant for the African Peer Review Mechanism under NEPAD, was a member of the African Regional Panel of Experts on Development. Nuwagaba is a member of the World Bank Consultative Group that developed the African Plan of Action. He was the team leader of FINSCOPE – Financial Penetration Project (2013).
He was a team leader for Developing Financial Management and Training manual for Parliamentary Accountability Committees, member of audit committee of the Ministry of Finance Planning and Economic Development of the Republic of Uganda, winner of International Award for significant Contribution to World Society and Appears In World Who is Who (2004), page 336.
In addition, he was a consultant for mid-term review of the National Development Plan for the Republic of Uganda (2010–2014). He is a consultant for formulating the East African Community development investment plan (2016-2020). Nuwagaba is a regular speaker at the induction of members of parliament of Uganda.
Background and education
He was born in 1964 in Kabale Municipality in the Western Region of Uganda, the sixth-born in a family of seven siblings. His father died when Nuwagaba was four years old, so he was raised by his mother, who died, when Nuwagaba was in Senior 2, at age of 16.
He attended Kigezi High School from 1979 to 1985, serving as head prefect during his stay. In 1986. he entered Makerere University faculty of Social Sciences, graduating in 1989. Later he graduated from the London School of Economics with the degree of Master of Science. He returned to Makerere University and pursued studies leading to the award of the degree of Doctor of Philosophy.
His field of specialization for his doctorate degree was Economics, Inclusive growth and Poverty Eradication. He also holds the degree of Master of Business Administration obtained from the Eastern and Southern African Management Institute majoring in monetary policy and commercial bank competitiveness.
Career
Nuwagaba has been a member of the teaching staff at Makerere University, since he returned from his master’s degree studies in London in the early 2000s. He serves as the chairperson of the Makerere University Academic Staff Association.
He also serves as the Managing Consultant at Reev Consult International Limited, a private consultancy firm, incorporated in Uganda in 2000. The company offers consultancy services in the areas of impact assessments, planning, social policy analysis, management services and institutional development services. The overall objective of the company is to achieve capacity development and poverty reduction in the geographical areas that they serve.
Over the years, Reev Consult has provided consultancy services to international organizations including the World Bank, European Union, UNDP, USAID, DFID, UNFPA, DANIDA, SNV, IDRC, African governments, CSOs and the private sector. He has been a keynote speaker at both National and International level (Uganda celebrating 50 year, Dublin International conference, Orienting of 9th and 10th parliament of Uganda).
