Prof. Augustus Nuwagaba has been appointed as the new Deputy Governor of the Bank of Uganda, replacing Dr. Michael Atingi-Ego, who has been promoted to Governor.
With an impressive academic background, Nuwagaba holds a PhD in Economics from Makerere University, an MBA from the Eastern and Southern African Management Institute, and a Master of Science from the London School of Economics. His expertise spans various areas, including economic transformation, wealth creation, and financial management.
As a seasoned expert, Nuwagaba has worked with various international organizations, including the United Nations Development Programme, the World Bank, and the African Policy Forum. He has also served as a consultant for the African Peer Review Mechanism under NEPAD and as a member of the African Regional Panel of Experts on Development.
Nuwagaba’s illustrious career has also seen him serve as a member of the teaching staff at Makerere University and as the chairperson of the Makerere University Academic Staff Association. He is also the Managing Consultant at Reev Consult International Limited, a private consultancy firm that provides services to international organizations, governments, and private sector entities.
Born in 1964 in Kabale Municipality, Western Uganda, Nuwagaba was raised by his mother after his father’s passing at a young age. He attended Kigezi High School, where he served as head prefect, before pursuing higher education at Makerere University and the London School of Economics.
Nuwagaba is a devout Christian and is married to Lillian Nuwagaba, with whom he has four children. He is also an active Rotarian and serves as the President of the Rotary Club of Muyenga.
In recognition of his contributions, Nuwagaba has received several awards, including the International Award for significant Contribution to World Society and the Golden Jubilee Independence Medal for his outstanding contribution to Uganda’s development.
As the new Deputy Governor of the Bank of Uganda, Nuwagaba is expected to bring significant expertise and experience to the role, helping to shape the country’s economic policies and promote economic growth and development.
