KAMPALA – President Yoweri Kaguta Museveni has today appointed Dr. Michael Atingi-Ego as Bank of Uganda’s Deputy Governor, replacing Dr. Louis Kasekende.
In a tweet on Sunday, March 29, 2020, President Museveni said that by “virtue of powers” granted to him by the Constitution, he has “…appointed Dr. Michael Atingi-Ego as the new Deputy Governor, Bank of Uganda, “adding that he has forwarded his name to Parliament for vetting.
On Friday, the Central Bank Board of Directors chaired by Mr James Kahooza, had appointed Dr. Adam Mugume as Deputy Governor, in acting capacity as they waited for the appointing authority to appoint a substantive Deputy Governor.
Dr. Mugume, who is the Bank of Uganda (BoU) Executive Director Research and Policy, was named after Governor Emmanuel Mutebile took sick leave.
However, with this latest development, it means the vacuum created after the expiry of Dr. Louis Kasekende’s contract on January 14th, 2020 has been filled by the appointment of Dr. Michael Atingi-Ego.
Dr. Atingi-Ego, has been serving as the Executive Director of the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI), a regionally owned institute currently with 13 member countries. The countries are Angola, Botswana, Kenya, Lesotho, Malawi, Mozambique, Namibia, Rwanda, Swaziland, Tanzania, Uganda, Zambia and Zimbabwe.
He is a seasoned economic policy analyst who started his career at the Bank of Uganda rising through the ranks to become the Executive Director, Research.
In 2008, he took up an assignment with the International Monetary Fund (IMF) as Deputy Director of the African Department (AFR) from where he joined MEFMI.
Dr. Atingi-Ego obtained his first degree from Makerere University in Kampala, Uganda, a master’s degree from Cardiff Business School, University of Wales and a Ph.D. from Liverpool University.