Michael Atingi-Ego (PhD)

IWA Team

August 18, 2026

Michael Atingi-Ego (PhD)
Governor, Bank of Uganda

Michael was appointed by His Excellency President Yoweri Kaguta Museveni as Governor of the Bank of Uganda on 16 February 2025. Before that, he served as Deputy Governor of the Bank of Uganda from 23 April 2020.

In his role as Deputy Governor, Michael helped safeguard Uganda’s economic stability by supporting efforts to control inflation and maintain foreign exchange stability.

His work earned him recognition from African Banker Magazine, which named him “Central Bank Governor of the Year” in 2022, citing his efforts to rein in inflation while sustaining foreign exchange stability in Uganda.

While on leave from the International Monetary Fund (IMF), Michael served as Executive Director of the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) from September 2018. MEFMI is a multinational capacity-building institute headquartered in Harare, Zimbabwe.

During his tenure at MEFMI, he led initiatives to keep the institute’s offerings responsive to a rapidly changing capacity-building environment, including:

-Upgrading e-learning to suit dynamic needs, such as those created by COVID-19-related social distancing.

-Embedding the Theory of Change into the Monitoring and Evaluation framework to strengthen product effectiveness and value for money.

-Introducing flexible work arrangements to improve staff productivity and work-life balance, enabling sustained service delivery during pandemic-related lockdowns.

-Reviewing operational manuals, procedures, and guidelines to align them with international best practices.

-Strengthening collaboration with capacity-building partners and expanding service delivery to the Lusaphone countries through Portuguese-speaking synergies.

Separately, as Deputy Director in the IMF’s African Department since June 2008, he contributed significantly to improving the impact of capacity development, including by modernising monetary policy frameworks in developing countries and further strengthening institutional effectiveness.

Having started his career at the BoU in August 1984, he advanced to the role of Executive Director Research. His research and publications focused on macroeconomic and financial policies and statistics. He was an eminent resource in capacity building and a consultant on monetary operations and balance of payments in east, west, and southern Africa.

Michael holds a PhD in Economics from Liverpool University (1996), a MSc. Economics in International Economics and Banking from Cardiff Business School, University of Wales (1991), and a BSc. Economics from Makerere University.