From Fresh Graduate to Bank of Uganda CFO: Richard Byarugaba’s 32-year Career Journey and His 10 Secrets to Thriving Richard Byarugaba, the Chief Financial Officer (CFO) and Executive Director of Finance at the Bank of Uganda (BoU), has carved out a remarkable career in Uganda’s financial sector. Over a span of 32 years, he has risen from a fresh university graduate to one of the most influential positions in the central bank, overseeing a diverse range of responsibilities.

As CFO, Byarugaba leads the Bank of Uganda’s financial operations, managing everything from budgeting and compliance with international financial reporting standards to supervising critical government projects. These include the Agricultural Credit Facility for farmers and the Small Business Recovery Fund, which supports businesses impacted by the COVID-19 pandemic. Until recently, he also spearheaded the bank’s payment systems, licensing fintech operators and ensuring the seamless operation of systems like real-time gross settlements and the East African Payment System. In his extensive role, Byarugaba ensures that every shilling spent by the central bank aligns with policy, integrity, and professionalism. His steady hand…