10/02/2025
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Who is the Deputy BoU Governor?
Professor Augustus Nuwagaba, born in 1964 in Kabale Municipality, Uganda, is a distinguished economist and academic renowned for his expertise in economic transformation, poverty eradication, and public policy. He has made significant contributions to Uganda's economic development through his roles in academia, consultancy, and policy advisory.
Educational Background:
Kigezi High School (1979–1985): Served as a head prefect during his tenure.
Makerere University (1986–1989): Earned a Bachelor of Arts in Social Sciences.
London School of Economics: Obtained a Master of Science degree.
Makerere University: Pursued doctoral studies, earning a PhD in Economics, focusing on inclusive growth and poverty eradication.
Eastern and Southern African Management Institute: Acquired an MBA specializing in monetary policy and commercial bank competitiveness.
Professional Career:
Academic Roles: Joined Makerere University in the early 2000s, serving as a lecturer and later as chairperson of the Makerere University Academic Staff Association.
Consultancy: As Managing Consultant at REEV Consult International Limited, he has provided advisory services to international organizations, including the World Bank, European Union, UNDP, USAID, DFID, UNFPA, DANIDA, SNV, IDRC, African governments, CSOs, and the private sector.
Policy Advisory: Contributed to the development of Uganda's National Development Plan and served as a consultant for the African Peer Review Mechanism under NEPAD.
Recent Appointment:
In February 2025, Professor Nuwagaba was appointed Deputy Governor of the Bank of Uganda, pending parliamentary approval. He is expected to play a pivotal role in steering Uganda's financial sector through post-pandemic recovery and addressing inflationary pressures.
Personal Life:
Married to Lillian Nuwagaba since 1997, the couple has four children. He is a committed Christian and a Rotarian with the Rotary Club of Muyenga District 9211, having served as the club's 34th President during the 2021–2022 Rotary year.
Publications:
Professor Nuwagaba has authored and co-authored several publications in international journals, including:
Dualism in Kampala: Squalid Slums in a Royal Realm.
Toward Addressing Skills Development and Employment Crisis in Uganda: The Role of Public Private Partnerships.
Urbanisation and Environmental Crisis in A Ugandan City: Implications for Environment Management and Sustainable Development.
Population Crisis in Sub-Saharan Africa: Who is Responsible? An Illustrative Analysis of Population Trends in Uganda.
The Impact of Macro-adjustment Programmes on Housing Investment in Kampala City - Uganda: Shelter Implications for the Urban Poor.
Who Is Growing?: Ending Inequality in Uganda: A Study of the Drivers of Inequality in Uganda.