The contract of the Deputy BoU Governor, Dr. Louis Kasekende expired on January 15th, 2020. President Yoweri Museveni has replaced the head of the Uganda Revenue Authority, two years into her second term, and also appointed a new deputy governor for the Bank of Uganda to replace Louis Kasekende who contract expired in January This report was based on exclusive information that the appointing authority had not only shown little or no interest in renewing his term, but the man himself had also kowtowed to family pressure to save their image from negative public references. The minister of Finance, Matia Kasaija told The New Vision recently that “he could do nothing about Kasekende’s contract” as the matter is … Dr. Atingi-Ego is a seasoned Economist who has served in several capacities at various institutions and brings a wealth of experience to the position of Deputy Governor. “From today, he’s staying in Buloba,” offered our family source this afternoon adding that Kasekende, his wife Edith and or close family members would only shift their basics since the house was wholly furnished by BOU. The contract of Dr Louis Kasekende, the Deputy Governor Bank of Uganda is left with only two weeks to end, Watchdog Uganda has learnt. Positions held at Bank of Uganda: Director of Research, Executive Director of Research and Policy and Deputy Governor. I  have a strong affiliation with Bank of Uganda. Public members’ and hitherto relaxed journalists’ curiosity made them follow to the letter, all the investigations in this ‘anomaly.’. Kasekende is leaving the Central Bank a haunted man. This is when they (BOU) questionably started closing indigenous banks, accusing them of poor management. The contract of the Deputy BoU Governor, Dr. Louis Kasekende expired on January 15th, 2020. Bank of Uganda Deputy Governor DR Louis Kasekende discusses the economy at PAKASA 2 Forum organized by VISION GROUP January 25, 2014. “As per Bank of Uganda provisions , upon the end of contracts , we have to hand over to our supervisors , so Dr Kasekende had to hand over to the boss,” a source told Chimpreports news website. Uganda's First online News Paper. Do you have a story in your community or an opinion to share with us: Email us at, Police to install CCTV cameras in over 2,319 hot spots across Uganda. Louis A. Kasekende is a Ugandan economist. The new deputy governor was welcomed by Prof Mutebile Dr. Michael Atingi-Ego yesterday assumed his role as the deputy governor of Bank of Uganda (BoU), the central bank announced in a statement. Governor The future of central banks and their role in economies must look beyond policy and embed a more direct social economic role. Commenting about the illicit cash on the plane, Abdu Katuntu (Bugweri County) said that there are two conflicting narratives; one of extra cargo on a plane chartered for the exclusive use of BoU, which indicates a breach in contract; the second, that on the chartered plane, there was extra cargo which was also printed currency but not destined for the BoU vault. The Investigator has a clue on Kasekende’s possible replacement… Watch this space. The new Deputy Governor, Bank of Uganda. Public servants are by law required to declare their wealth to the Inspector General of Government, at the start of every year. The Director of Research at Bank of Uganda, Dr Adam Mugume, was on Friday assigned to perform the duties of the Deputy Governor of Bank of Uganda. The Bank of Uganda is in charge of monetary policy. The position fell vacant about three months ago after Dr. Louis Kasekende’s contract ended. He began his five-year term in this position on 18 January 2010. Pursuant to Article 161 of the Constitution of the Republic of Uganda, and the Rules of Procedure of the Parliament of Uganda… Atingi-Ego was appointed by President Yoweri Museveni pending the … This after, Dr Kasekende handed over office on Monday, January 13, 2020. Bank of Uganda adapting to the future - Dep. This marked the second time that he was appointed to this office, having served in the same capacity from 1999 until 2002. Who is Adan Mugume, the ‘acting’ Bank of Uganda Deputy Governor? The BoU is a very sensitive institution with major implications for the economy. Dr Michael Atingi-Ego has been appointed as the new Deputy Governor, Bank of Uganda (BoU), by President Museveni. However, the president is yet to appoint his replacement. After the meeting that was presided over by James Kahoza of the BoU Board, management and staff were informed of Dr Mugume’s elevation in a statement … We have it on authoritative note that in a family meeting at his home in December, Kasekende narrated how stressed he had become and ‘apologized’ to them for casting their image in Bank of Uganda epics. 1986: Bank of Uganda. Mawanda Micheal told Thursday plenary presided over by Speaker Rebecca Kadaga that the position of Deputy Governor Bank of Uganda has been vacant for some time yet it is very critical. Sunday, 29th March 2020 becomes a Sunday like no other as the President of the Republic of Uganda through his social media platforms appointed Mr John Musinguzi Rujoki as … Senior presidential spokesman, Don Wanyama, also told Watchdog Uganda that Dr Kasekende must wait for his appointing authority to find it necessary to respond to his desire to renew his contract. Newz Post says, by extending Kasendeke’s contract [for another five years] Mutebile’s camp [whose contract expires in January 2021] would have lost the battle. Members of Parliament have raised concern regarding the position of deputy governor of Bank of Uganda which is currently vacant. Built in 1991, Nakaloke health centre three is one of such … “As if BoU has not learnt, it falls in the same problem. title of the presentation, … This was during a Town Hall meeting held at Masaka to engage the public on activities of the central bank. Frank Tumwebaze graces PRAU Governing Council Handover Ceremony, It was Blankets and Pineapple Waragi as SA’s Distruction Boys entertain Kampala, To Connect the Unconnected with Innovations towards Inclusive Growth, Fresh Dairy donates classroom desks to Kirinya Catholic Primary School, Can’t we live in Harmony with King of the Jungle? MP Alex Byarugaba (Isingiro South) said that it is an embarrassing moment for MPs and the country because back in the day, the Central Bank was never involved in scandals. There was drama on Sunday morning at Namirembe Cathedral in Kampala during the enthronement of Archbishop Dr. Stephen Kazimba Mugalu, when former Bank of Uganda deputy governor Dr. Louis Kasekende aka Alibaba was … -Advertisement- Dr. Atingi’s appointment is vital to the efficient running and decision making for the country’s Finance regulator especially now, as the Government stammers through an abstract economic plan for COVID-19. He served in that position for 10 years. Dr. Atingi-Ego was appointed to this … And is said to be planning to replace his long-serving Governor, Emmanuel Tumusiime Mutebile (ETM) and his deputy Dr Loius Kasekende. At one time, the aging and ailing Governor, Emmanuel Tumusiime Mutebile himself acted as the whistle blower in a case where, alleged extra billions of money was printed and transported into the country fraudulently. Deputy Governor at Bank of Uganda Uganda 163 connections. Our news in your inbox. At the start of this year, The Inspector General of Government (IGG) said she was looking into the assets and liabilities of at least 100 top Bank of Uganda (BoU) officials, including the Governor, Emmanuel Tumusiime-Mutebile and his deputy … March 29, 2020 March 29, 2020 VINAS Businesses Leave a Comment on New Commissioner and Deputy Governor. In exercise of the duties and powers of the Board under Section 10 of the Bank of Uganda Act (Chapter 51), the Board Members of the Bank of Uganda, at a Special Meeting held on 27th March 2020, unanimously resolved to designate Dr. Adam Mugume to perform the executive functions of the Office of the Deputy Governor until a substantive Deputy Governor is appointed. Deputy Governor Bank of Uganda, Dr. Louis Kasekende has reportedly handed over office after expiration of his contract. According to officials at the Central Bank,  the 61 year-old handed over office to his boss Governor Emmanuel Mutebile. Even when he had explained to the family that he bought the house from African Development Bank terminal benefits, the same is unexplainable to public members who believe, its BOU exploits that fished it in. The contract of Loius Kasekende, expires January 2020 while that of ETM expires in 2021. To restore coherence and public trust in the Central bank, sources say, the president may choose to let the two bosses at BoU, go when their terms expire. Now, MPs note that the absence of a substantive Deputy … But this was a bounce back as he had served in the same capacity from 1999 to 2002. On Friday, the BoU Board of […] Join to Connect Bank of Uganda. — Yoweri K Museveni (@KagutaMuseveni) March 29, 2020. Central bank speech | 21 May 2019 End of an era: Dr. Louise Kasekende (R) handed over office to his boss Emmanuel Mutebile (L)... (Courtesy Photo). Bank of Uganda (BoU) may soon have a new deputy Governor as the days of Prof. Louis Kasekende are running out. Prior, the Independent Magazine had reported that Kasekende tried, but failed to meet the President Museveni in November to talk about the possibility of extending his contract. A senior economist who has worked in key positions of the banking sector, Louis A. Kasekende, 61, was named Deputy Governor of the Bank of Uganda on January 18 th 2010. President Museveni has appointed Dr Michael Atingi-Ego the new deputy governor of Bank of Uganda, replacing Dr Louis Kasekende whose contract ran out in January this year. About Atingi-Ego. The investigations revealed a lot of mess especially in the administration and monitoring departments. Dr. Atingi-Ego is a seasoned Economist who has served in several capacities at … “Things like the Governor being the Board Chairman has to be changed; it means that he reports to himself and dictates how things should be run without being questioned,” Katuntu added. KAMPALA, Uganda: Beleaguered Bank of Uganda Deputy Governor Dr. Louise Kasekende has this afternoon bowed out of the Kampala Road premised Central Bank upon stealthily handing over office and official items to his boss, Prof. Emmanuel Tumusiime Mutebile. Kasekende told family that he was retiring into farming. Dr Adam Mugume, one of Ugandans finest economists, has been designated to temporarily perform the functions of Deputy Governor Bank of Uganda. Kampala – President Museveni, on Sunday, March 28, nominated Dr. Michael Atingi-Edo as incoming Deputy Governor of Bank of Uganda forwarding his credentials for vetting by Parliament, RedPepper Digital‘s Maurice Muhwezi shares The announcement was made through President Museveni’s official Twitter account acknowledging the development with immediate … Close to a fortnight ago, The Investigator revealed that Kasekende had resolved to throw in the towel. 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This comes after Dr Louis Kasekende‘s contract expired earlier this year. Dr. Louis Kasekende the deputy Governor at the Bank of Uganda has said there were no regulations on the use of online cryptocurrency and it is risky to start using them. Leaked Bank of Uganda meeting called purposely to discuss strategizes on how to reclaim Crane Bank from its owners exposes the Deputy Governor Dr. Michael Atingi-Ego as new wine in an old bottle given that he has started from where his predecessor Louis Kasekende left the bank after his similar scheme failed. Kasekende, according to officials at the Central Bank, handed his office to his boss the Governor, Prof Emmanuel Tumusiime Mutebile. A special meeting of the central bank appointed Dr Adam Mugume as Acting Deputy Governor of Bank of Uganda (BoU), ending three months of a vacuum left by Dr Louis Kasekende whose contract had expired. Dr. Atingi-Ego assumed his role as the Deputy Governor, Bank of Uganda on August 03, 2020 following his appointment by His Excellency the President on 23 April, 2020. I have also appointed Dr Michael Atingi-Ego as the new Deputy Governor, Bank of Uganda. Mr Museveni, announced the appointment in a … In November 2010, he was re-appointed for a third five-year term, effective 12 January 2011. Atingi-Ego was appointed by President Yoweri Museveni pending the … The new Deputy Governor, Bank of Uganda. This after, Dr Kasekende handed over office on Monday, January 13, 2020. Our Spy reveals that smartly dressed Dr.Kasekende showed… From the World Bank, Kasekende served at the Africa Development Bank (AfDB) as its chief economist from 2006 to 2009. 2006-2009: African Development Bank (AfDB), in Tunisia. Wealth Declaration Form Showing Louis Kasekende’s … The current governor is Emmanuel Tumusiime-Mutebile, who was first appointed to this position on 1 January 2001, and was re-appointed for a second five-year term on 1 January 2006. Subscribe to receive Watchdog Uganda news in your email at no cost. So haunted he even gave up on his would-be alternative retirement home in the palatial Lubowa estates along Entebbe road. Not because I work there, or bank there, but another Bukumunhe, my dad that is, once worked there as deputy governor. Bank of uganda deputy governor Michael Atingi-Ego at the unveiling of the placard that shows the bank’s support to the health centre. Not because I work there, or bank there, but another Bukumunhe, my dad that is, once worked there as deputy governor. Dr Louis Kasekende has finally given up the Deputy Governor position at Bank of Uganda. Atingo-Ego will replace Louis Kasekende whose contract was not renewed when it expired recently. Dr Louis Kasekende has finally given up the Deputy Governor position at Bank of Uganda. Kampala, Uganda | URN | Members of Parliament are concerned about the delayed appointed of Deputy Governor Bank of Uganda (BoU), saying it will cripple the work of the institution. Served as Executive Director for Research at Bank of Uganda… “They moved out with only their personal effects. He said that there are two factions; one for the Governor and the other under the Deputy Governor that are always fighting themselves because of succession. Positions held at Bank of Uganda: Director of Research, Executive Director of Research and Policy and Deputy Governor. Highly placed sources at … 2006-2009: African Development Bank (AfDB), in Tunisia. Deputy Governor, Dr Adam Mugume Dr Adam Mugume, one of Ugandans finest economists, has been designated to temporarily perform the functions of Deputy Governor Bank of Uganda. 2002-2004, Kasekende: Executive Director to the World Bank. Dr Kasekende has for long been expecting to replace aging Governor Prof Emmanuel Mutebile but from the looks of things, his dreams are slowly vanishing after President Yoweri Museveni went silent on the matter of renewal of his contract … Louis Kasekende: Overview of the Bank of Uganda's activities and current concerns Remarks by Dr Louis Kasekende, Deputy Governor of the Bank of Uganda at the Bank of Uganda Town Hall Meeting, Jinja Town, 17 April 2019. Adam Mugume has been appointed Acting Deputy Governor Bank of Uganda, watchdoguganda.com has learnt. Dr. Atingi-Ego is a seasoned economist who has served in several capacities at various institutions and brings a wealth of … New Commissioner and Deputy Governor. In a similar scheme, it looks like Dr.Atingi-Ego has started from his … He currently serves as Deputy Director, International Monetary Fund, Africa Department. Dr Louis Kasekende, who was the Deputy Governor Bank of Uganda, has handed over his office Monday, after the expiry of his contract and refusal by President Yoweri Museveni to renew the same. David Bahati, noting that not so long ago the Bank was under investigation for erroneously shutting down commercial banks in the country, a drama that played out in broad daylight probe which exposed bank chiefs as incompetent and fraudsters. Nakaloke health centre three in Mbale has a new face after bank of Uganda handed over a newly refurbished facility, two years after rehabilitation works on the health center commenced. “That second narrative is correct which is criminal and has wide implications on the credibility of our currency and the running of the Bank with the possibility of negatively impacting the economy,” he said. Check your inbox or spam folder to confirm your subscription. President Yoweri Museveni is said to be troubled about the governance, infighting and scandals at Bank of Uganda. The house is among the items handed over to the Governor,” revealed the source. According to the board’s presiding … He is the former Deputy Governor of the Bank of Uganda, the country's central bank. “And therefore, from January 13th 2020, you should find me at Buloba and not Kololo,” a family source had quoted Kasekende as having announced his move. “The country needs an explanation on the efforts being … Kampala, Uganda | URN | Members of Parliament are concerned about the delayed appointed of Deputy Governor Bank of Uganda (BoU), saying it will cripple the work of the institution. Katuntu said that there is a need to go back to some of the recommendations made on BoU after the probe on illegally closing of commercial banks. The President announced the appointment on his social media pages on Sunday, March 29, adding that the appointee awaits vetting by Parliament. 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