Africa National News

Museveni names Dr. Ating-Ego new BoU Deputy Governor

KAMPALA – President Museveni has appointed Dr Michael Atingi-Ego the new deputy governor of Bank of Uganda, replacing Dr Louis Kasekende whose contract ran out in January this year.

The President announced the appointment on his social media pages on Sunday, March 29, adding that the appointee awaits vetting by Parliament.

On Friday, the BoU Board of Directors had appointed Dr Adam Mugume acting Deputy Governor.

Dr. Mugume, who is the BoU Executive Director Research and Policy, was named after Governor Emmanuel Mutebile took sick leave.

Dr Ating-Ego is currently the MEFMI Executive Director, a policy think-tank in Southern Africa. He is a seasoned economic policy official who has served in several capacities at various institutions. He obtained his first degree from Makerere University and later proceeded for post graduate studies in the United Kingdom where he got a master’s degree from the Cardiff Business School, University of Wales and a PhD from Liverpool University.

He 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).

As Deputy Director in the IMF- AFR, he made seminal contributions to IMF work on increasing effectiveness of capacity development and in modernising monetary policy frameworks in developing countries.  He also championed efforts to achieve improved macro-economic statistics in the SSA region and in advancing better and more consistent data management practices across the IMF. In addition, he provided strategic guidance to many IMF country teams in the region on program and surveillance work.

While at the Bank of Uganda, he published and consulted extensively on macroeconomic and financial, and statistical issues. He was a renowned lead resource person on MEFMI macro-economic management training and a widely deployed IMF short term expert on monetary operations and balance of payments in the region.

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