And this may only worsen matters on Plot 17/19 Kampala Road. Dr. Michael Atingi-Ego yesterday assumed his role as the deputy governor of Bank of Uganda (BoU), the central bank announced in a statement. Atingi-Ego was appointed by President Yoweri Museveni pending the … Dr. Atingi-Ego was appointed to this position by President Museveni on April 23. Wealth Declaration Form Showing Louis Kasekende’s Wealth The Governor of the Bank of Uganda is chief executive officer and the chairman of the board of directors of the Bank of Uganda. 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. This was during a Town Hall meeting held at Masaka to engage the public on activities of the central bank. Previously Director of Research at Bank of Uganda, Dr Mugume will replace Louis Kasekende whose contract expired earlier this year. 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. 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. Dr Louis Kasekende has finally given up the Deputy Governor position at Bank of Uganda. 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 … 1986: Bank of Uganda. 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. According to officials at the Central Bank, the 61 year-old handed over office to his boss Governor Emmanuel Mutebile. According to officials at the Central Bank,  the 61 year-old handed over office to his boss Governor Emmanuel Mutebile. The contract of the Deputy BoU Governor, Dr. Louis Kasekende expired on January 15th, 2020. 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. President Museveni also forwarded details of Dr Michael Atingo-Ego to Parliament for vetting as Deputy Governor, Bank of Uganda. 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 … Adam Mugume has been appointed Acting Deputy Governor Bank of Uganda, watchdoguganda.com has learnt. The contract of Dr Louis Kasekende, the Deputy Governor Bank of Uganda is left with only two weeks to end, Watchdog Uganda has learnt. 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. Dr. Mugume, who is the BoU Executive Director Research and Policy, was named after Governor Emmanuel Mutebile took sick leave. 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. He added, “The effects of what is going on in BoU is going to affect us all badly.”. 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. End of an era: Dr. Louise Kasekende (R) handed over office to his boss Emmanuel Mutebile (L)... (Courtesy Photo). Atingi-Ego took over on Monday after returning from the USA where he has been stuck due to COVID-19 since his appointment. 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. 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. Governor The future of central banks and their role in economies must look beyond policy and embed a more direct social economic role. 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. And is said to be planning to replace his long-serving Governor, Emmanuel Tumusiime Mutebile (ETM) and his deputy Dr Loius Kasekende. 1 . By Spy Uganda. 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. Dr Adam Mugume, one of Ugandans finest economists, has been designated to temporarily perform the functions of Deputy Governor Bank of Uganda. His handover today marks the end of a decade plus era at the national financial reservoir. “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. “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. This after, Dr Kasekende handed over office on Monday, January 13, 2020. 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. 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. Monetary policy decisions are made by the monetary policy committee (MPC), which meets weekly. Bank of Uganda Deputy Governor DR Louis Kasekende discusses the economy at PAKASA 2 Forum organized by VISION GROUP January 25, 2014. But this was a bounce back as he had served in the same capacity from 1999 to 2002. Cryptocurrency is a form of digital money; it is associated with the Internet using codes for … This marked the second time that he was appointed to this office, having served in the same capacity from 1999 until 2002. 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 … 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. According to the board’s presiding … 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. He started his career at BoU in August 1984, rising through the ranks to become the Executive Director, Research. 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. “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. 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. First to interact with the committee was Dr Michael Atingi-Ego, who was nominated for the position of Deputy Governor Bank of Uganda. 2002-2004, Kasekende: Executive Director to the World Bank. 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 minister of Finance, Matia Kasaija told The New Vision recently that “he could do nothing about Kasekende’s contract” as the matter is … BOU GOV RACE: IMF’s Ating Ego, Kasekende, Muhakanizi, Kiiza in race. Dr. Atingi-Ego is a seasoned Economist who has served in several capacities at … The 56-year-old first served as deputy governor in 1999 before he was appointed executive director of the World Bank from 2002 to 2004, representing 22 African countries, Uganda inclusive, on the bank’s executive board. I  have a strong affiliation with 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. “He trusts his persona is heavily soiled and would want a total rebrand of himself as a farmer,” offered our source. 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 … © 2018 The Investigator News - More Than Just News Without Fear or Favour. The Independent can exclusively report that Mutebile’s replacement is likely to be a totally unexpected choice.. 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 … 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? On Friday, the BoU Board of […] 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. But this was a bounce back as he had served in the same capacity from 1999 to 2002. I have also appointed Dr Michael Atingi-Ego as the new Deputy Governor, 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. The new 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. The contract of the deputy governor Bank of Uganda, Dr Louis Kasekende has 13 days to expire. Not because I work there, or bank there, but another Bukumunhe, my dad that is, once worked there as deputy governor. Pursuant to Article 161 of the Constitution of the Republic of Uganda, and the Rules of Procedure of the Parliament of Uganda… 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). Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has appointed John Musinguzi Rujoki as new Uganda Revenue Authority Commissioner General and named Dr Michael Atingo-Ego Bank of Uganda deputy governor. Uganda's First online News Paper. 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. This is when they (BOU) questionably started closing indigenous banks, accusing them of poor management. The two camps are alleged to be around the Governor and the Deputy Governor. This after, Dr Kasekende handed over office on Monday, January 13, 2020. “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. The communication signed by Mr Kahoza […] Our Spy reveals that smartly dressed Dr.Kasekende showed… Positions held at Bank of Uganda: Director of Research, Executive Director of Research and Policy and Deputy Governor. Positions held at Bank of Uganda: Director of Research, Executive Director of Research and Policy and Deputy Governor. Sources have intimated to PML Daily that the Governor’s poor health forced President Museveni to appoint Dr Michael Atingi-Ego the new deputy governor of Bank of Uganda, replacing Dr Louis Kasekende whose contract ran out in January this year. by Muhereza Kyamutetera March 28, 2020 Katuntu added that what is required at BOU is a structural overhaul because there is a problem. He is the former Deputy Governor of the Bank of Uganda, the country's central bank. Dr. Atingi-Ego is a seasoned economist who has served in several capacities at various institutions and brings a wealth of … Deputy Governor at Bank of Uganda Uganda 163 connections. 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 Wealth Declaration Form Showing Louis Kasekende’s … Dr. Atingi-Ego was appointed to this position by President Museveni on April 23. The Bank of Uganda is in charge of monetary policy. However, the president is yet to appoint his replacement. Served as Executive Director for Research at Bank of Uganda… In a similar scheme, it looks like Dr.Atingi-Ego has started from his … 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. Deputy Governor at Bank of Uganda Uganda 163 connections. 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 position fell vacant about three months ago after Dr. Louis Kasekende’s contract ended. Louis A. Kasekende is a Ugandan economist. Join to Connect Bank of Uganda. Atingo-Ego will replace Louis Kasekende whose contract was not renewed when it expired recently. 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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. About Atingi-Ego. The President announced the appointment on his social media pages on Sunday, March 29, adding that the appointee awaits vetting by Parliament. ChimpReports understands the decision was taken by the board of directors which sat in Kampala this Friday. 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. 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. title of the presentation, … He served in that position for 10 years. "More than Just News" Investigative, Informative, without Fear or Favor. New Commissioner and Deputy Governor. Hon. On Friday, the BoU Board of Directors appointed Dr Adam Mugume acting Deputy Governor. Introduction . 2010 to date: Deputy Governor BoU. 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. “The president will respond at his own time”, Mr Wanyama told this website. From the World Bank, Kasekende served at the Africa Development Bank (AfDB) as its chief economist from 2006 to 2009. Kampala, Uganda | HAGGAI MATSIKO | President Yoweri Museveni is looking to replace his long-serving Bank of Uganda Governor, Emmanuel Tumusiime Mutebile. Dr Kasekende had served in said position for 10 years. Subscribe to receive Watchdog Uganda news in your email at no cost. Kasekende’s contract is scheduled to expire on January 13, 2020 while that of his immediate boss, Emmanuel Mutebile expires in 2021. March 29, 2020 March 29, 2020 VINAS Businesses Leave a Comment on New Commissioner and Deputy Governor. Dr Michael Atingi-Ego has been appointed as the new Deputy Governor, Bank of Uganda (BoU), by President Museveni. 2006-2009: African Development Bank (AfDB), in Tunisia. He began his five-year term in this position on 18 January 2010. 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 … SHARING IS CARING By Spy Uganda 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 bounced from the VIP section of the church! 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. MEFMI is a multinational capacity building institute based in Harare, Zimbabwe. Not because I work there, or bank there, but another Bukumunhe, my dad that is, once worked there as deputy governor. 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. 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. “The country needs an explanation on the efforts being … Remarks by Louis Kasekende (PhD. He replaced Dr. Louis Kasekende. Public servants are by law required to declare their wealth to the Inspector General of Government, at the start of every year. -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. Who is Adan Mugume, the ‘acting’ Bank of Uganda Deputy Governor? 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He currently serves as Deputy Director, International Monetary Fund, Africa Department. He replaced Dr. Louis Kasekende. The only concern is that firing the two of them at once threatens to destabilize the already soiled central bank even farther. “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 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. Our news in your inbox. Built in 1991, Nakaloke health centre three is one of such … President Yoweri Museveni is said to be troubled about the governance, infighting and scandals at Bank of Uganda. 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. 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. 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. Bank of uganda deputy governor Michael Atingi-Ego at the unveiling of the placard that shows the bank’s support to the health centre. 2010 to date: Deputy Governor BoU. 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. This comes after Dr Louis Kasekende‘s contract expired earlier this year. The BoU is a very sensitive institution with major implications for the economy. Atingi-Ego was appointed by President Yoweri Museveni pending the … However, the president is yet to appoint his replacement. 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. 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 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. 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. — Yoweri K Museveni (@KagutaMuseveni) March 29, 2020. Parliament has approved the appointment of Dr Michael Atingi-Ego as the Deputy Governor of Bank 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. According to News Post website, knowledgeable sources say the president could be still ‘widely consulting’ after it emerged that there are cliques [at the Central Bank, fighting to bring down each other]. “As if BoU has not learnt, it falls in the same problem. 2006-2009: African Development Bank (AfDB), in Tunisia. 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 … Kasekende told family that he was retiring into farming. “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. Michael Atingi-Ego . Please enter your username or email address to reset your password. Now, MPs note that the absence of a substantive Deputy … The investigations revealed a lot of mess especially in the administration and monitoring departments. Since time immemorial, Bank of Uganda affairs were matters for only economists, bankers and money moguls. 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. According to the Deputy Central Bank governor Ating Ego, the evolution of technology means now and not tomorrow central banks must act. I have forwarded his name to Parliament for vetting. Dr. Atingi-Ego was appointed to this … The new Deputy Governor, Bank of Uganda. However, this is no longer the case as even the most ordinary Ugandan can now find the institution at fault. Close to a fortnight ago, The Investigator revealed that Kasekende had resolved to throw in the towel. 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. Deputy Governor Bank of Uganda, Dr. Louis Kasekende has reportedly handed over office after expiration of his contract. Mr Museveni, announced the appointment in a … 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’. The scandal led to State House‘s anti corruption Czar Edith Nakalema move to arrest several bank officers, although their supervisors weren’t booked. Dr Louis Kasekende has finally given up the Deputy Governor position at Bank of Uganda. The Investigator has a clue on Kasekende’s possible replacement… Watch this space. The house is among the items handed over to the Governor,” revealed the source. Public members’ and hitherto relaxed journalists’ curiosity made them follow to the letter, all the investigations in this ‘anomaly.’. I have a strong affiliation with Bank of Uganda. 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. 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. Check your inbox or spam folder to confirm your subscription. 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 … Verdict: Exclusion of 1200 reflects that Kyagulanyi was never winning the Presidential race, NRM CATCH 22: Bobi Wine’s NUP set to benefit from the decentralisation in the wake of Museveni palace wars, Campaign Violence: The Commission advises Bobi to adhere to guidelines, prepares meeting Police bosses, IGP Answers Byamukama: We don’t know of any candidates denied access to scheduled venues, Kyagulanyi meets Byabakama, Bar Owners Association Plea: Is it reasonable to open up bars amidst the rising Covid19 curve in the country, Kahonaho’s Petition, Kahonda’s Application: Why Donozio may have nothing to fear from the EC petition lodged against him, UNBS closes Sunshare factory over failure to comply with Standards, Hon. 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. 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. 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. “I’m still waiting for the president to decide because he is the appointing authority,” Kasaija told New Vision newspaper last week. Join to Connect Bank of Uganda. Deputy Governor, Bank of Uganda At the 2017 Annual Dinner for the Uganda Bankers’ Association (UBA) Pearl of Africa Hotel, Kampala November 24, 2017 . Office to his boss Governor Emmanuel Mutebile took sick leave in August,. 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