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 … Kasekende told family that he was retiring into farming. However, this is no longer the case as even the most ordinary Ugandan can now find the institution at fault. I  have a strong affiliation with Bank of Uganda. “These people who are being suspected should be on suspension to show that the government is committed to iron out such issues in that institution because we are fed up of the countless scandals,” he said. Bank of Uganda (BoU) may soon have a new deputy Governor as the days of Prof. Louis Kasekende are running out. According to officials at the Central Bank,  the 61 year-old handed over office to his boss Governor Emmanuel Mutebile. Served as Executive Director for Research at Bank of Uganda… -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. This after, Dr Kasekende handed over office on Monday, January 13, 2020. 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. The investigations revealed a lot of mess especially in the administration and monitoring departments. 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 … President Museveni also forwarded details of Dr Michael Atingo-Ego to Parliament for vetting as Deputy Governor, Bank of Uganda. The contract of the Deputy BoU Governor, Dr. Louis Kasekende expired on January 15th, 2020. Remarks by Louis Kasekende (PhD. The scandal led to State House‘s anti corruption Czar Edith Nakalema move to arrest several bank officers, although their supervisors weren’t booked. Wealth Declaration Form Showing Louis Kasekende’s … Recently, Finance Minister Matia Kasaija revealed that he had written to President Yoweri Museveni about Kasekende’s contract but he was yet to receive any response from him because ‘he had a lot of things to do lately’. Positions held at Bank of Uganda: Director of Research, Executive Director of Research and Policy and Deputy Governor. President Museveni today [Sunday 29 th March, 2020] appointed Dr. Michael Atingi-Engo as the new Deputy Governor, Bank of Uganda, to replace Dr Louis Kasekende, whose contract expired recently. 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. Dr Louis Kasekende has finally given up the Deputy Governor position at Bank of Uganda. 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. Dr Kasekende had served in said position for 10 years. Introduction . Michael Atingi-Ego . March 29, 2020 March 29, 2020 VINAS Businesses Leave a Comment on New Commissioner and Deputy Governor. He currently serves as Deputy Director, International Monetary Fund, Africa Department. 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. 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. Dr. Atingi-Ego was appointed to this … About Atingi-Ego. Dr. Mugume, who is the BoU Executive Director Research and Policy, was named after Governor Emmanuel Mutebile took sick leave. I have forwarded his name to Parliament for vetting. Deputy Governor at Bank of Uganda Uganda 163 connections. But this was a bounce back as he had served in the same capacity from 1999 to 2002. Monetary policy decisions are made by the monetary policy committee (MPC), which meets weekly. Atingo-Ego will replace Louis Kasekende whose contract was not renewed when it expired recently. The Deputy Governor Bank of Uganda, Louis Kasekende has written to the Chairperson of the committee on Commission of Statutory Authorities and State Enterprises (COSASE) about the documents concerning his wealth. 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. In June last year, Members of Parliament raised concerns over the incessant scandals plaguing the country’s Central Bank following the recent mishap in which a consignment of printed currency flown into the country included extra cargo not on the bank’s documentation. From September 2018 until the date of his appointment as Deputy Governor, Bank of Uganda, Mr. Atingi-Ego was the Executive Director of the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI). Previously Director of Research at Bank of Uganda, Dr Mugume will replace Louis Kasekende whose contract expired earlier this year. Let me start by thanking Ms Clara Mira for the very insightful presentation which in my view clearly spells out some good news as well as bad news The . Built in 1991, Nakaloke health centre three is one of such … 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. Central bank speech | 21 May 2019 The Bank of Uganda is in charge of monetary policy. Accordingly to Bank of Uganda website 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. End of an era: Dr. Louise Kasekende (R) handed over office to his boss Emmanuel Mutebile (L)... (Courtesy Photo). Not because I work there, or bank there, but another Bukumunhe, my dad that is, once worked there as deputy governor. Our Spy reveals that smartly dressed Dr.Kasekende showed… 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 … Close to a fortnight ago, The Investigator revealed that Kasekende had resolved to throw in the towel. 1986: Bank of Uganda. Governor The future of central banks and their role in economies must look beyond policy and embed a more direct social economic role. From the World Bank, Kasekende served at the Africa Development Bank (AfDB) as its chief economist from 2006 to 2009. BOU GOV RACE: IMF’s Ating Ego, Kasekende, Muhakanizi, Kiiza in race. By Spy Uganda. The legislators hinted on the unsatisfactory behaviour of the Bank of Uganda (BoU) in response to a report presented by the State Finance Minister for Planning. KAMPALA – 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. “They moved out with only their personal effects. So haunted he even gave up on his would-be alternative retirement home in the palatial Lubowa estates along Entebbe road. He is the former Deputy Governor of the Bank of Uganda, the country's central bank. The Governor of the Bank of Uganda is chief executive officer and the chairman of the board of directors of the Bank of Uganda. 2002-2004, Kasekende: Executive Director to the World Bank. 2006-2009: African Development Bank (AfDB), in Tunisia. 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. 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. Dr Michael Atingi-Ego has been appointed as the new Deputy Governor, Bank of Uganda (BoU), by President Museveni. — Yoweri K Museveni (@KagutaMuseveni) March 29, 2020. 2006-2009: African Development Bank (AfDB), in Tunisia. I have a strong affiliation with Bank of Uganda. Uganda's First online News Paper. Parliament has approved the appointment of Dr Michael Atingi-Ego as the Deputy Governor of Bank of Uganda. And this may only worsen matters on Plot 17/19 Kampala Road. 1986: Bank of Uganda. 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. Kampala, Uganda | HAGGAI MATSIKO | President Yoweri Museveni is looking to replace his long-serving Bank of Uganda Governor, Emmanuel Tumusiime Mutebile. 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President Yoweri Museveni is said to be troubled about the governance, infighting and scandals at Bank of Uganda. He added, “The effects of what is going on in BoU is going to affect us all badly.”. Dr. Michael, a seasoned economic policy official replaces Dr. Adam Mugume, who had been appointed acting Deputy Governor following the end of the 5-year … The President announced the appointment on his social media pages on Sunday, March 29, adding that the appointee awaits vetting by Parliament. 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? Pursuant to Article 161 of the Constitution of the Republic of Uganda, and the Rules of Procedure of the Parliament of Uganda… 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 18th 2010. Katuntu added that what is required at BOU is a structural overhaul because there is a problem. ChimpReports understands the decision was taken by the board of directors which sat in Kampala this Friday. The contract of the Deputy BoU Governor, Dr. Louis Kasekende expired on January 15th, 2020. 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. “The president will respond at his own time”, Mr Wanyama told this website. Tag: Deputy Governor Bank of Uganda. Not because I work there, or bank there, but another Bukumunhe, my dad that is, once worked there as deputy governor. Atingi-Ego was appointed by President Yoweri Museveni pending the … And is said to be planning to replace his long-serving Governor, Emmanuel Tumusiime Mutebile (ETM) and his deputy Dr Loius Kasekende. 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. The position fell vacant about three months ago after Dr. Louis Kasekende’s contract ended. 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. 1 . Dr Adam Mugume, one of Ugandans finest economists, has been designated to temporarily perform the functions of Deputy Governor Bank of Uganda. In a similar scheme, it looks like Dr.Atingi-Ego has started from his … Kasekende’s contract is scheduled to expire on January 13, 2020 while that of his immediate boss, Emmanuel Mutebile expires in 2021. This is when they (BOU) questionably started closing indigenous banks, accusing them of poor management. 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. In November 2010, he was re-appointed for a third five-year term, effective 12 January 2011. The Independent can exclusively report that Mutebile’s replacement is likely to be a totally unexpected choice.. Check your inbox or spam folder to confirm your subscription. “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. In the new appointments made by President Museveni, he announced that: “I have also appointed Dr Michael Atingi-Ego as the new Deputy Governor, Bank of Uganda … According to officials at the Central Bank, the 61 year-old handed over office to his boss Governor Emmanuel Mutebile. Public members’ and hitherto relaxed journalists’ curiosity made them follow to the letter, all the investigations in this ‘anomaly.’. Dr. Atingi-Ego is a seasoned economist who has served in several capacities at various institutions and brings a wealth of … 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. 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 In my remarks, I wish to highlight the numerous policy interventions and schemes undertaken by the Government of Uganda since the 1960s particularly those that had the banking industry actively involved; identify what I think is … This comes after Dr Louis Kasekende‘s contract expired earlier this year. 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 … Our news in your inbox. title of the presentation, … The Investigator has a clue on Kasekende’s possible replacement… Watch this space. The minister of Finance, Matia Kasaija told The New Vision recently that “he could do nothing about Kasekende’s contract” as the matter is … “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. He started his career at BoU in August 1984, rising through the ranks to become the Executive Director, Research. Public servants are by law required to declare their wealth to the Inspector General of Government, at the start of every year. MEFMI is a multinational capacity building institute based in Harare, Zimbabwe. The new Deputy Governor, Bank of Uganda. New Commissioner and Deputy Governor. “As you already know, my contract as Deputy Governor of Bank of Uganda came to an end on January 14, 2020. 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. The two camps are alleged to be around the Governor and the Deputy Governor. Louis A. Kasekende is a Ugandan economist. Deputy Governor at Bank of Uganda Uganda 163 connections. The new Deputy Governor, Bank of Uganda. The house is among the items handed over to the Governor,” revealed the source. Since time immemorial, Bank of Uganda affairs were matters for only economists, bankers and money moguls. Highly placed sources at … 2010 to date: Deputy Governor BoU. Dr. Atingi-Ego has assumed his role as the Deputy Governor, Bank of Uganda following his appointment by His Excellency the President on 23 April 2020. Hon. I have also appointed Dr Michael Atingi-Ego as the new Deputy Governor, Bank of Uganda. Bank of uganda deputy governor Michael Atingi-Ego at the unveiling of the placard that shows the bank’s support to the health centre. 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. 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Dr. Michael Atingi-Ego on Monday assumed his role as the deputy governor of Bank of Uganda (BoU), the central bank announced in a statement. “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. Kasekende is leaving the Central Bank a haunted man. 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. 2002-2004, Kasekende: Executive Director to the World Bank. Bank of Uganda adapting to the future - Dep. The contract of Prof. Kasekende, a man for years who has been seen as Prof. Emmanuel Mutebile’s natural successor, runs out on 13th January 2020. 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. 1 The Guest of Honour, Chairman of Uganda Bankers’ Association, Chief Executive Officers of Financial Institutions, COSASE Chairperson Abdu Katuntu on Friday revealed that he had received a letter from Kasekende dated 14th December 2018 requesting for information … Who is Adan Mugume, the ‘acting’ Bank of Uganda Deputy Governor? His handover today marks the end of a decade plus era at the national financial reservoir. First to interact with the committee was Dr Michael Atingi-Ego, who was nominated for the position of Deputy Governor Bank of Uganda. “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. Parliament has approved the appointment of Dr Michael Atingi-Ego as the Deputy Governor of Bank of Uganda. Join to Connect Bank of Uganda. The contract of Dr Louis Kasekende, the Deputy Governor Bank of Uganda is left with only two weeks to end, Watchdog Uganda has learnt. Dr Adam Mugume to perform deputy governor duties at BoU Friday March 27 2020 Dr Adam Mugume, the executive director of research Bank of Uganda. Dr. Atingi-Ego was appointed to this position by President Museveni on April 23. ), Deputy Governor, Bank of Uganda, at the High-Level Meeting on Agricultural Financing in Kampala, 30 August 2016 . 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 … The communication signed by Mr Kahoza […] 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. 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. Cryptocurrency is a form of digital money; it is associated with the Internet using codes for … Deputy Governor, Bank of Uganda At the 2017 Annual Dinner for the Uganda Bankers’ Association (UBA) Pearl of Africa Hotel, Kampala November 24, 2017 . 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. Now, MPs note that the absence of a substantive Deputy … 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 … The only concern is that firing the two of them at once threatens to destabilize the already soiled central bank even farther. This comes after Dr Louis Kasekende‘s contract expired earlier this year. This after, Dr Kasekende handed over office on Monday, January 13, 2020. “The country needs an explanation on the efforts being … The BoU is a very sensitive institution with major implications for the economy. 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. 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