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TodaySunday, May 03, 2026

Michael Atingi-Ego

Bank of Uganda Governor Michael Atingi-Ego warns that the proposed Sovereignty Bill could destabilize Uganda’s economy, weaken the shilling, and reverse gains in inflation control if passed in its current form.
Bank of Uganda Governor Michael Atingi-Ego warns that the proposed Sovereignty Bill could destabilize Uganda’s economy, weaken the shilling, and reverse gains in inflation control if passed in its current form.

Bank of Uganda Warns Sovereignty Bill Could Trigger an Economic Crisis

Bank of Uganda (BoU) has warned that the proposed Protection of Sovereignty Bill, 2026, if passed in its current form, could trigger far-reaching economic disruption, deepen financial instability, and reverse decades of
April 28, 2026
Bank of Uganda Governor Michael Atingi-Ego, who now oversees the country’s banking supervision and resolution framework as the central bank confronts lingering questions about reforms following Parliament’s COSASE investigation.
Bank of Uganda Governor Michael Atingi-Ego, who now oversees the country’s banking supervision and resolution framework as the central bank confronts lingering questions about reforms following Parliament’s COSASE investigation.

Seven Years After Parliament’s Probe into Controversial Bank Closures and Two More Failures Later: Has Bank of Uganda Learnt Anything?

Seven years ago, in February 2019, Parliament launched one of the most consequential investigations ever conducted into Uganda’s financial sector. The probe by the Committee on Commissions, Statutory Authorities and State Enterprises
March 6, 2026
A photo collage of Uganda's Finance Minister Matia Kasaija, Finance Ministry Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, Bank of Uganda Governor, Michael Atingi-Ego, and Absa Bank Uganda Managing Director, David Wandera.

Uganda Climbs to 3rd Position in Africa’s Financial Markets Rankings, Takes Lead across East Africa

Uganda has moved up to third position in Africa’s financial markets rankings, overtaking Nigeria and consolidating its position as the leading financial market in East Africa. According to the Absa Africa Financial
January 27, 2026
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A photo of collage of Bank of Uganda Governor, Michael Atingi-Ego, Agnes Alaba- Commissioner, Mines Department, and Eng. Irene Pauline Batebe- Permanent Secretary, Ministry of Energy and Mineral Development.

Tight Rules, Big Money: Energy Ministry Restricts Gold Trade to Licensed Operators as Central Bank Enters a UGX 20 Trillion Market 

The Ministry of Energy and Mineral Development has tightened control over Uganda’s gold trade, unfolding against a backdrop of record-breaking export earnings, a planned entry of the central bank into domestic gold
December 19, 2025
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Whereas banks present a picture of profitability and highly liquid, credit expansion remains weak, and the little lending that takes place is concentrated in consumption and real estate.
Whereas banks present a picture of profitability and highly liquid, credit expansion remains weak, and the little lending that takes place is concentrated in consumption and real estate.

Uganda’s Banking Paradox: Strong, Profitable, and Liquid but Failing to Power Productive Growth

Uganda’s banking sector has never been stronger on paper. And the Bank of Uganda’s latest Financial Soundness Indicators show why. Banks, the indicators show, are heavily capitalized, flush with liquidity, profitable, and
September 29, 2025
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The Bank of Uganda report is a mixture of caution due to rising incidents of cyber fraud and a celebration of continued growth and resilience.
The Bank of Uganda report is a mixture of caution due to rising incidents of cyber fraud and a celebration of continued growth and resilience.

Digital Credit Doubles, But So Do Cyber Risks: Uganda’s Banking Paradox

As Uganda’s economy gains momentum in its post-pandemic rebound, a quiet contradiction is taking shape in the financial sector. On the surface, there’s cause for celebration. Mobile money volumes are hitting new
July 9, 2025
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