Turf Wars

Lack of governor at Uganda central bank leaves structural vacuum

By Musinguzi Blanshe

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Posted on September 18, 2023 08:27

Ugandan President Yoweri Museveni has been asked to appoint a central bank governor. Handout via REUTERS

There is no still consensus on the way forward for Uganda’s central bank, while the acting governor for 21 months faces growing criticism from factions.

The lack of consensus on how power at Uganda’s central bank should be distributed lies behind the failure to appoint a permanent governor.

The country’s central bank has been without a governor since January 2022 when Emmanuel Mutebile died. President Yoweri Museveni hasn’t given a timescale for naming a replacement, leaving Michael Atingi-Ego to become an increasingly powerful figure as acting governor.

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