KAMPALA – Prof. Augustus Nuwagaba, a renowned economist and international consultant on economic transformation, has been appointed as the new Deputy Governor of the Bank of Uganda. With a wealth of experience in Africa, Nuwagaba is expected to bring his expertise to bear in shaping the country’s economic policies.
Born in 1964 in Kabale Municipality, Uganda, Nuwagaba rose to prominence through his academic excellence and professional achievements. He attended Kigezi High School from 1979 to 1985, serving as head prefect during his stay. Nuwagaba then entered Makerere University’s faculty of Social Sciences, graduating in 1989.
Nuwagaba’s academic pursuits did not end there. He later graduated from the London School of Economics with a Master of Science degree. He returned to Makerere University and pursued studies leading to the award of the degree of Doctor of Philosophy in Economics, with a focus on inclusive growth and poverty eradication. Additionally, he holds a Master of Business Administration degree obtained from the Eastern and Southern African Management Institute, majoring in monetary policy and commercial bank competitiveness.
As a seasoned expert in economic transformation, Nuwagaba has worked extensively with governments and international organizations across Africa. His areas of expertise include fiscal policy, financial management, and economic development. He has provided consultancy services on fiscal metrics, financial performance, and tax policies, and has worked as a managing consultant at REEV Consult International Limited, a private consultancy firm based in Uganda.
Nuwagaba’s impressive career is marked by several notable achievements. He is a winner of the International Award for significant Contribution to World Society and appears in World Who is Who (2004). He has worked as a consultant for various organizations, including the African Peer Review Mechanism under NEPAD, the World Bank, and the East African Community.
Nuwagaba has also served as a team leader for various projects, including the FINSCOPE Financial Penetration Project (2013) and the development of a financial management and training manual for Parliamentary Accountability Committees. He was a consultant for the mid-term review of the National Development Plan for the Republic of Uganda (2010–2014) and a consultant for formulating the East African Community development investment plan (2016-2020).
As the newly appointed Deputy Governor of the Bank of Uganda, Prof. Augustus Nuwagaba is expected to bring his wealth of experience and expertise to bear in shaping the country’s economic policies. His appointment is seen as a strategic move, given his background as a seasoned economist and international consultant on economic transformation.
