Kampala, 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 since been promoted to governor.
Nuwagaba, an economist with extensive experience in monetary policy, fiscal management and poverty eradication, is expected to play a key role in steering Uganda’s financial sector through a period marked by post-pandemic recovery and inflationary pressures.
A seasoned consultant on economic transformation, Nuwagaba has held senior roles that include managing consultant at REEV Consult International Limited and various advisory positions with international organizations. His work in developing tax policies, analyzing fiscal metrics and promoting financial inclusion has earned him a reputation as a forward-thinking economic strategist.
In addition to his consultancy work, Nuwagaba has a strong academic background. He has taught at Makerere University and contributed to policy formulation through roles such as serving on the audit committee of Uganda’s Ministry of Finance. His academic credentials, which include advanced degrees from Makerere University and the London School of Economics, underscore his expertise in driving economic reform.
Working alongside Governor Dr. Atingi-Ego, the new deputy governor is tasked with helping implement monetary policies aimed at stabilizing the economy and fostering sustainable growth in line with Uganda’s long-term development goals.
Parliament is expected to review the appointments in the coming weeks as the country looks to reinforce its central banking system during a critical juncture for its economic future.
