From commitment to execution - mobilizing the financial sector for Uganda's tenfold growth opening
What changed vs prior statement
- 01Focus shifts from cybersecurity resilience to financial sector mobilization for GDP growth.
- 02Key terminology changes: "collaboration, resilience and trust" replaced by "commitment to execution."
- 03No vote-record change.
From the original
Remarks by Mr Michael Atingi-Ego, Governor of the Bank of Uganda, at the 9th Annual Uganda Bankers' Association Conference “The role of Uganda’s financial institutions in facilitating tenfold GDP growth”, Kampala, 18 September 2026.
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Michael Atingi-Ego: Launch of Centenary Bank's Custodial Services
The desk interprets the launch of Centenary Bank's custodial services as a significant step in enhancing Uganda's financial infrastructure, potentially attracting more foreign investment. Per the full note [source], Governor Michael Atingi-Ego emphasized the importance of these services in fostering a robust financial ecosystem. This initiative aligns with Uganda's broader economic goals, which have seen a steady GDP growth rate of approximately 5% in recent years, indicating a favorable environment for such developments. The desk believes this could lead to increased demand for the Ugandan shilling (UGX) as custodial services often enhance currency liquidity and stability.