Michael Atingi-Ego: Shaping Africa's financial future in the age of artificial intelligence
Keynote address by Mr Michael Atingi-Ego, Governor of the Bank of Uganda, at the Annual Meeting on Banking Supervision and Financial Policy Implementation, Kigo, 23 September 2025.
The views expressed in this speech are those of the speaker and not the view of the BIS.
As prepared for delivery
Distinguished dignitaries, eminent resource persons, dear delegates, ladies and gentlemen,
Good morning and welcome to the Pearl of Africa!
Opening: A Moment of Unprecedented Transformation
We convene here on the shores of Lake Victoria at an extraordinary moment in financial history-when artificial intelligence has moved from experimental technology to fundamental business transformation. This is not merely another technology upgrade; AI represents a general-purpose technology that will define whether Africa leads or follows in the next chapter of global financial development.
I extend profound gratitude to the Financial Stability Institute of the Bank for International Settlements and the Macroeconomic and Financial Management Institute of Eastern and Southern Africa for choosing AI as our theme.
Your foresight reflects an understanding that we stand at a crossroads where our decisions today will determine Africa's financial trajectory for decades to come. Your consistency and commitment in enhancing capacity and knowledge, demonstrated by holding this annual event, brings together policymakers from across our central banks to address the most critical issues of our time.