But this was a bounce back as he had served in the same capacity from 1999 to 2002. Bank of Uganda adapting to the future - Dep. End of an era: Dr. Louise Kasekende (R) handed over office to his boss Emmanuel Mutebile (L)... (Courtesy Photo). Dr Louis Kasekende has finally given up the Deputy Governor position at Bank of Uganda. This after, Dr Kasekende handed over office on Monday, January 13, 2020. 2006-2009: African Development Bank (AfDB), in Tunisia. Now, MPs note that the absence of a substantive Deputy … However, this is no longer the case as even the most ordinary Ugandan can now find the institution at fault. 2002-2004, Kasekende: Executive Director to the World Bank. He currently serves as Deputy Director, International Monetary Fund, Africa Department. So haunted he even gave up on his would-be alternative retirement home in the palatial Lubowa estates along Entebbe road. He served in that position for 10 years. 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). The other problem is that the Board of Directors does not report to anyone and therefore, they cannot be probed,” he noted, one of the key points noted in the Cosase report to Parliament after the BoU probe. Although appointed to fulfil the duties of the Office of the Deputy Governor, Dr. Adam Mugume is technically not an Acting Deputy Governor as the president is the only constitutional authority that appoints the Governor and his deputy. According to officials at the Central Bank, the 61 year-old handed over office to his boss Governor Emmanuel Mutebile. According to the board’s presiding … “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. Atingo-Ego will replace Louis Kasekende whose contract was not renewed when it expired recently. Bank of Uganda (BoU) may soon have a new deputy Governor as the days of Prof. Louis Kasekende are running out. In her 7 th April 2020 letter, Kadaga wrote: “Reference is made to your letter addressed to me, Ref: P0/19 dated 28th March, 2020, in which you forwarded the name of Dr. Michael Atingi-Ego for Parliamentary approval as Deputy Governor, Bank of Uganda. 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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 … Subscribe to receive Watchdog Uganda news in your email at no cost. 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. First to interact with the committee was Dr Michael Atingi-Ego, who was nominated for the position of Deputy Governor Bank of Uganda. Bank of Uganda (BoU) may soon have a new deputy Governor as the days of Prof. Louis Kasekende are running out. 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. 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. 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. title of the presentation, … The investigations revealed a lot of mess especially in the administration and monitoring departments. The President announced the appointment on his social media pages on Sunday, March 29, adding that the appointee awaits vetting by Parliament. -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. 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. The two camps are alleged to be around the Governor and the Deputy Governor. 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. “I’m still waiting for the president to decide because he is the appointing authority,” Kasaija told New Vision newspaper last week. Mr Museveni, announced the appointment in a … New Commissioner and Deputy Governor. 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. 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The President announced the appointment on his social media pages on Sunday, March 29, adding that the appointee awaits vetting by Parliament. “The country needs an explanation on the efforts being … Deputy Governor at Bank of Uganda Uganda 163 connections. Tag: Deputy Governor Bank of Uganda. Dr. Michael Atingi-Ego yesterday assumed his role as the deputy governor of Bank of Uganda (BoU), the central bank announced in a statement. The Bank of Uganda is in charge of monetary policy. Our Spy reveals that smartly dressed Dr.Kasekende showed… 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. Michael, a seasoned economic policy official replaces Dr. Adam Mugume, who had been appointed acting Deputy Governor following the end of the 5-year … 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 … 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 … Built in 1991, Nakaloke health centre three is one of such … Deputy Governor at Bank of Uganda Uganda 163 connections. Highly placed sources at … Deputy Governor Bank of Uganda, Dr. Louis Kasekende has reportedly handed over office after expiration of his contract. 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. On Friday, the BoU Board of Directors appointed Dr Adam Mugume acting Deputy Governor. 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 … 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. Thereafter, it was Justice Jane Francis Abodo for the position of Director of Public Prosecutions and Dr Johnson Byabashaija for the position of Commissioner General, Uganda Prisons Service. 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 is leaving the Central Bank a haunted man. The contract of the Deputy BoU Governor, Dr. Louis Kasekende expired on January 15th, 2020. Katuntu added that what is required at BOU is a structural overhaul because there is a problem. 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. Parliament has approved the appointment of Dr Michael Atingi-Ego as the Deputy Governor of Bank of Uganda. Monetary policy decisions are made by the monetary policy committee (MPC), which meets weekly. The new Deputy Governor, Bank of Uganda. 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. I have a strong affiliation with Bank of Uganda. This comes after Dr Louis Kasekende‘s contract expired earlier this year. He began his five-year term in this position on 18 January 2010. Dr. Atingi-Ego was appointed to this … He started his career at BoU in August 1984, rising through the ranks to become the Executive Director, Research. Kampala, Uganda | HAGGAI MATSIKO | President Yoweri Museveni is looking to replace his long-serving Bank of Uganda Governor, Emmanuel Tumusiime Mutebile. 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. Tororo Cement Staff and human trafficking case key witness, suspect dies ‘mysteriously’, Business Woman and Royalist Nabukalu Hamidah Still Missing, Maria’s Dirty Linen: Unbearable agony as X-minister Maria Kiwanuka uses husband’s vegetative state to swindle family property, The Mohan Family Tales: Tycoon Mohan Kiwanuka finally speaks out about his family empire turbulence, writes to Son, In Kaka’s Horror Grip: Exclusive details why President Museveni invited Ronald Mayinja to perform for him at Kololo, Civil Rights Activist Pens Down an Open Letter to Gen Kayihura Every Uganda Should Read, FDC arrested youth sent to Nagalama Police Station, Homo Terror: Young Fine Art Trainer goes missing after being accused of Homosexual Assualt by his Trainees. 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. Dr Michael Atingi-Ego has been appointed as the new Deputy Governor, Bank of Uganda (BoU), by President Museveni. But this was a bounce back as he had served in the same capacity from 1999 to 2002. 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 . Atingi-Ego was appointed by President Yoweri Museveni pending the … 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. However, the president is yet to appoint his replacement. Bank of uganda deputy governor Michael Atingi-Ego at the unveiling of the placard that shows the bank’s support to the health centre. 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. 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 … Cryptocurrency is a form of digital money; it is associated with the Internet using codes for … This is when they (BOU) questionably started closing indigenous banks, accusing them of poor management. The only concern is that firing the two of them at once threatens to destabilize the already soiled central bank even farther. Positions held at Bank of Uganda: Director of Research, Executive Director of Research and Policy and Deputy Governor. 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 … The minister of Finance, Matia Kasaija told The New Vision recently that “he could do nothing about Kasekende’s contract” as the matter is … 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. Pursuant to Article 161 of the Constitution of the Republic of Uganda, and the Rules of Procedure of the Parliament of Uganda… “As you already know, my contract as Deputy Governor of Bank of Uganda came to an end on January 14, 2020. March 29, 2020 March 29, 2020 VINAS Businesses Leave a Comment on New Commissioner and Deputy Governor. 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 house is among the items handed over to the Governor,” revealed the source. Public servants are by law required to declare their wealth to the Inspector General of Government, at the start of every year. This comes after Dr Louis Kasekende‘s contract expired earlier this year. Introduction . However, the president is yet to appoint his replacement. 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