Uganda’s President Yoweri Museveni on Monday named Michael Atingi-Ego as the new central bank governor and Augustus Nuwagaba as his deputy, two key players in the nation’s economic sector.The decisive move pending approval from Parliament aims at reviving the nation’s economy amid last year’s U.S. and World Bank sanctions.
Following sanctions last year from the United States and The World Bank, the country is taking its destiny into its hands. In a recent move as earlier on promised by President Yoweri Kaguta Museveni that the country would uplift it’s economy, Uganda has named a new central bank governor and deputy governor, over two years since the passing of the previous.
The nomination made public by President Yoweri Museveni’s office on Monday unveiled the appointment of Michael Atingi-Ego as governor while Augustus Nuwagaba will be his deputy, according to the statement.
Atingi-Ego previously worked for the central bank in a senior position, then left and returned in 2020 as deputy governor. He has been the acting head of the bank since the death in 2022 of long-serving governor Emmanuel Tumusiime-Mutebile.
Nuwagaba is an economics professor at Uganda’s largest public university, Makerere. He has also worked at Uganda’s finance ministry and as head of a Ugandan-based consultancy, Reev Consult International.
Pending parliament approval, their names and curriculum vitae will be sent to parliament, stated Museveni’s office.
