Securing Uganda's digital future - collaboration, resilience and trust
What changed vs prior statement
- 01No material change in policy stance vs prior statement.
- 02Language essentially preserved across key themes of resilience and collaboration.
- 03Vote split: No vote-record change.
From the original
Keynote address by Mr Michael Atingi-Ego, Governor of the Bank of Uganda, at the Inaugural National Cybersecurity Conference “Trust by design - building a cyber-resilient digital economy for Uganda”, Kampala, 11 August 2026.
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Michael Atingi-Ego: Judicial Officers Colloquium
The desk interprets the recent address by Michael Atingi-Ego, Governor of the Bank of Uganda, as a signal of a potential shift in Uganda's monetary policy framework. Per the full note [source], Atingi-Ego emphasized the importance of judicial independence in fostering economic stability, which could indicate a more favorable environment for investment. This aligns with our view that the Ugandan shilling may strengthen as investor confidence grows. Current positioning suggests a cautious optimism among traders, with the consensus target for the USD/UGX pair set at 1.075, reflecting a range of 1.04 to 1.12.