By Sharon Kabakaali
Michael Atingi-Ego has been appointed as the new Governor of the Bank of Uganda, while Augustus Nuwagaba has been named the new Deputy Governor. Atingi-Ego has previously been serving as the Deputy Governor of the Bank of Uganda.
Briefs about Micheal Atingi-Ego
H.E President Yoweri Kaguta Museveni appointed Michael Atingi-Ego to serve as Deputy Governor of the Bank of Uganda on April 23, 2020. He replaced Dr. Louis Kasekende.
Dr. Atingi-Ego is a seasoned economist who has served in several capacities at various institutions and brings a wealth of experience to the position.
He started his career at BoU in August 1984, rising through the ranks to become the executive director of Research. His research and publications focused on macroeconomic and financial policies and statistics, and he was an eminent resource in capacity building and a consultant on monetary operations and balance of payments in East, West, and Southern Africa.
Mr. Atingi-Ego, while on leave from the International Monetary Fund (IMF), was the Executive Director of the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) from September 2018. MEFMI is a multinational capacity building institute based in Harare, Zimbabwe.
At MEFMI, he spearheaded initiatives to adapt the product offering to the fast-evolving capacity building landscape for sustained relevance to its membership, including among others:
- Enhancement of e-learning for dynamic environments e.g. the COVID-19 induced social distancing.
- Integration of the Theory of Change into the Monitoring and Evaluation framework for product effectiveness mindful of value for money.
- Introduction of flexible work to boost staff productivity and work-life balance; handy for remote work for sustained service delivery during the pandemic related lockdown.
- Review of key operational manuals, procedures and guidelines for consistency with international best practices.
- Strengthened synergies with capacity building providers and service delivery in Portuguese to the Lusaphone countries
Serving as Deputy Director in the African Department of the IMF since June 2008, he was instrumental in enhancing the effectiveness of capacity development; modernising monetary policy frameworks in developing countries; and improving macroeconomic statistics in sub-Saharan Africa. In addition, he was deeply involved in the Fund’s work on data management across the institution besides providing strategic guidance to many IMF African country teams on program and surveillance work.
Having started his career at the BoU in August 1984, he advanced to the role of Executive Director Research. His research and publications focused on macroeconomic and financial policies and statistics. He was an eminent resource in capacity building and a consultant on monetary operations and balance of payments in east, west, and southern Africa.
Mr. Â Atingi-Ego holds a PhD in Economics from Liverpool University (1996), a MSc. Economics in International Economics and Banking from Cardiff Business School, University of Wales (1991), and a BSc. Economics from Makerere University.
He returns to the Bank with a wealth of regional and international experience; well-honed managerial and open communication skills; as well as the commitment to advancing the goals and governance of the Bank of Uganda through professional leadership on key policy & institutional issues.
