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TodayMonday, April 27, 2026

Dr Michael Atingi-Ego

The Governor of the Bank of Uganda, Dr. Michael Atingi-Ego (2nd L), handing the Pearl Bank operating license to Julius Kakeeto, Managing Director of Pearl Bank Uganda (2nd R). Looking on are Priscilla Akora, Head of Marketing and Communications at Pearl Bank Uganda (R), and Moses Kalyango, Executive Director of Supervision at the Bank of Uganda (L). The handover was held yesterday, 24th November 2025, at the Bank of Uganda Offices, a symbolic phase in the Bank's rebrand journey, signifying its official crossover or transition from PostBank to its current name, Pearl Bank Uganda Limited.

Bank of Uganda Applauds Pearl Bank over Smooth Transition and Digital Innovation

Pearl Bank’s transition from PostBank marks the culmination of a five-year transformation journey—one that has modernised its operations, expanded its national footprint, and positioned the institution as a digital-first champion of financial
November 25, 2025
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Gatekeepers of Uganda's Economy. Left-Right: Matia Kasaija, the Finance Minister; Ramathan Ggoobi, the Permanent Secretary and Secretary to the Treasury and Dr. Michael Atingi-Ego the Deputy Governor, Bank of Uganda.

Moody’s Ratings downgrades Uganda’s ratings to B3 from B2; upgrades outlook to stable

Moody’s Ratings (Moody’s) one of the global leaders in credit ratings for companies, governments has downgraded the Government of Uganda’s long-term foreign-currency and local-currency issuer ratings to B3 from B2 and changed
May 21, 2024
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Dr. Michael Atingi-Ego (left) and Dr. Tumubweinee Twinemanzi the Central Bank Deputy Governor and Executive Director, Bank Supervision respectively have put the SFIs under regulatory pressure to stop the unpopular early repayment charges on outstanding loans.

Banks to stop penalising borrowers for early loan repayments this week

This week, starting on December 1st 2023, millions of Ugandan borrowers from Supervised Financial Institutions (SFIs) have cause to smile. The SFIs, under their Uganda Bankers Association (UBA), will cease the unpopular
November 27, 2023
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Bank of Uganda's Deputy Governor, Dr. Michael Atingi-Ego (left) and Executive Director, Bank Supervision, Dr. Tumubweinee Twinemanzi have consistently campaigned for reduced cost of money

Ugandan Banks Succumb To Central Bank Pressure To Drop Charges On Early Loans Repayment

Ugandan banks have, under pressure from the central bank, agreed to drop a long-practised, but infamous practice of ‘fining’ customers for settling their outstanding loan obligations early. According to a letter seen
October 17, 2023
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Permanent Secretary / Secretary to the Treasury Ministry of Finance, Planning and Economic Development Ramathan Ggoobi (5th right), flanked by BoU Deputy Governor Michael Atingi-Ego (4th right) hands over the Islamic Banking license to the Salaam Bank executives led by the Chairman Board of Directors Mr. Mohamed Ahmed Ali (4th left) and Michael Mande, the Chief Executive Officer 93rd left).

Salaam Bank (formerly Top Finance Bank) gets Uganda’s first Islamic Banking license

Salaam Bank, formerly Top Finance Bank, has become the first financial institution in Uganda to be granted a license by the Bank of Uganda to offer Islamic Banking services. This followed the
September 11, 2023
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