Etesot Appointed Deputy Governor for Bank of Uganda

1. Dr. Atingi’s appointment is vital to the efficient running and decision making for the country’s Finance regulator especially now, as the Government stammers through an abstract economic plan for COVID-19.

President Museveni today [Sunday 29^th March, 2020] appointed Dr. Michael Atingi-Engo as the new Deputy Governor, Bank of Uganda, to replace Dr Louis Kasekende, whose contract expired recently.

In the new appointments made by President Museveni, he announced that: “I have also appointed Dr Michael Atingi-Ego as the new Deputy Governor, Bank of Uganda. I have forwarded his name to Parliament for vetting.”

The President has also appointed Mr. John Musinguzi Rujoki as the new Commissioner General of Uganda Revenue Authority (URA) with immediate effect.

Mr Musinguzi, who has been the head of the Finance and Audit Department in the Special Revenue Protection Services, now replaces Ms. Doris Akol, who has been the Commissioner since 2014.

Ms Akol, in a Sunday tweet, welcomed the appointment of Mr Musinguzi and asked the URA family to give him utmost support.

“It has been an absolute honour and privilege to be your team leader for 5 years and 5 months. Thank you for loving me, for supporting me and for being loyal to me,” Ms Akol tweeted. “May God bless you all. The struggle to liberate our country continues”.

Who is the New Deputy Governor?

Dr Atingi-Ego, a born of Omodoi sub county, Sororoti district, is currently the Executive Director of The Macroeconomic and Financial Management Institute of Eastern and Southern Africa [MEFMI], a policy think-tank in Southern Africa.

He is a seasoned economic policy official who has served in several capacities at various institutions.

In 2008, Atingi 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 modernizing 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.

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.

Atingi’s appointment is vital to the efficient running and decision making for the country’s Finance regulator especially now, as the Government stammers through an abstract economic plan for COVID-19.

Once approved, it literally makes him acting Governor since Mutebile is incapacitated at the moment.