Prof. Augustus Nuwagaba appointed Deputy Governor of Bank of Uganda

Professor Augustus Nuwagaba has been named deputy governor of the Bank of Uganda, pending parliamentary approval.

He replaces Dr. Michael Atingi-Ego, who has been elevated to governor.

Nuwagaba’s extensive background positions him as a key figure in steering Uganda’s financial sector towards sustainable growth. His expertise will be pivotal in shaping policies that promote inclusive economic growth as Uganda navigates post-pandemic recovery, grapples with inflationary pressures, and seeks to strengthen its financial systems.

A seasoned economist, Nuwagaba has dedicated his career to addressing fiscal challenges and fostering economic transformation. His appointment signals a continued commitment to strengthening Uganda’s central banking system.

Nuwagaba’s experience in monetary policy will inform his approach to ensuring macroeconomic stability and fostering investor confidence. His expertise in fiscal management will be crucial in shaping policies that promote economic stability and development. Additionally, his background in poverty eradication will ensure that policies implemented are inclusive and promote economic growth for all.

Nuwagaba will work alongside Dr. Michael Atingi-Ego, the newly appointed Governor of the Bank of Uganda. Together, they will drive the implementation of policies that foster economic stability and development in the country. Their partnership promises to bring fresh perspectives and dynamic leadership to the institution.

With a proven track record of academic excellence, public service, and international consultancy, Nuwagaba’s tenure as Deputy Governor is poised to make a lasting impact on Uganda’s financial landscape.