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. Dr. Atingi-Ego is a seasoned economist who has served in several capacities at various institutions and brings a wealth of … Tag: Deputy Governor Bank of Uganda. Members of Parliament have raised concern regarding the position of deputy governor of Bank of Uganda which is currently vacant. He is the former Deputy Governor of the Bank of Uganda, the country's central bank. 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. by Muhereza Kyamutetera March 28, 2020 2002-2004, Kasekende: Executive Director to the World Bank. March 29, 2020 March 29, 2020 VINAS Businesses Leave a Comment on New Commissioner and Deputy Governor. This marked the second time that he was appointed to this office, having served in the same capacity from 1999 until 2002. This is when they (BOU) questionably started closing indigenous banks, accusing them of poor management. Atingo-Ego will replace Louis Kasekende whose contract was not renewed when it expired recently. Governor The future of central banks and their role in economies must look beyond policy and embed a more direct social economic role. 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. 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. Public members’ and hitherto relaxed journalists’ curiosity made them follow to the letter, all the investigations in this ‘anomaly.’. Atingi-Ego was appointed by President Yoweri Museveni pending the … “As if BoU has not learnt, it falls in the same problem. He replaced Dr. Louis Kasekende. However, this is no longer the case as even the most ordinary Ugandan can now find the institution at fault. Deputy Governor Bank of Uganda, Dr. Louis Kasekende has reportedly handed over office after expiration of his contract. The position fell vacant about three months ago after Dr. Louis Kasekende’s contract ended. Atingi-Ego was appointed by President Yoweri Museveni pending the … Dr Louis Kasekende has finally given up the Deputy Governor position at Bank of Uganda. 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. Uganda's First online News Paper. 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. Not because I work there, or bank there, but another Bukumunhe, my dad that is, once worked there as deputy governor. Deputy Governor at Bank of Uganda Uganda 163 connections. Bank of Uganda Deputy Governor DR Louis Kasekende discusses the economy at PAKASA 2 Forum organized by VISION GROUP January 25, 2014. MEFMI is a multinational capacity building institute based in Harare, Zimbabwe. Subscribe to receive Watchdog Uganda news in your email at no cost. The contract of the deputy governor Bank of Uganda, Dr Louis Kasekende has 13 days to expire. 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 … He served in that position for 10 years. “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. 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. 1986: Bank of Uganda. 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. Our Spy reveals that smartly dressed Dr.Kasekende showed… This was during a Town Hall meeting held at Masaka to engage the public on activities of the central bank. 2010 to date: Deputy Governor BoU. 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. ChimpReports understands the decision was taken by the board of directors which sat in Kampala this Friday. 1986: Bank of Uganda. Built in 1991, Nakaloke health centre three is one of such … 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. Atingi-Ego is a seasoned Economist who has served in several capacities at … 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 … -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. 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 … 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. 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. According to the board’s presiding … Dr. Atingi-Ego was appointed to this position by President Museveni on April 23. 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. "More than Just News" Investigative, Informative, without Fear or Favor. “The country needs an explanation on the efforts being … This after, Dr Kasekende handed over office on Monday, January 13, 2020. In November 2010, he was re-appointed for a third five-year term, effective 12 January 2011. Remarks by Louis Kasekende (PhD. Wealth Declaration Form Showing Louis Kasekende’s … However, the president is yet to appoint his replacement. His handover today marks the end of a decade plus era at the national financial reservoir. Louis A. Kasekende is a Ugandan economist. 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. This after, Dr Kasekende handed over office on Monday, January 13, 2020. title of the presentation, … The house is among the items handed over to the Governor,” revealed the source. He started his career at BoU in August 1984, rising through the ranks to become the Executive Director, Research. Bank of Uganda (BoU) may soon have a new deputy Governor as the days of Prof. Louis Kasekende are running out. 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. Central bank speech | 21 May 2019 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. “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 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. Dr Michael Atingi-Ego has been appointed as the new Deputy Governor, Bank of Uganda (BoU), by President Museveni. Public servants are by law required to declare their wealth to the Inspector General of Government, at the start of every year. He added, “The effects of what is going on in BoU is going to affect us all badly.”. 1 The Guest of Honour, Chairman of Uganda Bankers’ Association, Chief Executive Officers of Financial Institutions, The President announced the appointment on his social media pages on Sunday, March 29, adding that the appointee awaits vetting by Parliament. This comes after Dr Louis Kasekende‘s contract expired earlier this year. COSASE Chairperson Abdu Katuntu on Friday revealed that he had received a letter from Kasekende dated 14th December 2018 requesting for information … 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. BOU GOV RACE: IMF’s Ating Ego, Kasekende, Muhakanizi, Kiiza in race. Adam Mugume has been appointed Acting Deputy Governor Bank of Uganda, watchdoguganda.com has learnt. By Spy Uganda. Served as Executive Director for Research at Bank of Uganda… “As you already know, my contract as Deputy Governor of Bank of Uganda came to an end on January 14, 2020. “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. But this was a bounce back as he had served in the same capacity from 1999 to 2002. 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. 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 Investigator has a clue on Kasekende’s possible replacement… Watch this space. Introduction . But this was a bounce back as he had served in the same capacity from 1999 to 2002. 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. Mr Museveni, announced the appointment in a … 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. — Yoweri K Museveni (@KagutaMuseveni) March 29, 2020. Join to Connect Bank of Uganda. 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 Kasekende told family that he was retiring into farming. 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. Pursuant to Article 161 of the Constitution of the Republic of Uganda, and the Rules of Procedure of the Parliament 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. 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. 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. “They moved out with only their personal effects. 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 . Dr Louis Kasekende has finally given up the Deputy Governor position at Bank of Uganda. The new Deputy Governor, Bank of Uganda. Michael Atingi-Ego . 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. Our news in your inbox. According to the Deputy Central Bank governor Ating Ego, the evolution of technology means now and not tomorrow central banks must act. 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. And is said to be planning to replace his long-serving Governor, Emmanuel Tumusiime Mutebile (ETM) and his deputy Dr Loius Kasekende. The contract of Loius Kasekende, expires January 2020 while that of ETM expires in 2021. Parliament has approved the appointment of Dr Michael Atingi-Ego as the Deputy Governor of 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. 2010 to date: Deputy Governor BoU. 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 … Kasekende’s contract is scheduled to expire on January 13, 2020 while that of his immediate boss, Emmanuel Mutebile expires in 2021. 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. I have a strong affiliation with Bank of Uganda. 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. 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 president will respond at his own time”, Mr Wanyama told this website. Who is Adan Mugume, the ‘acting’ Bank of Uganda Deputy Governor? Deputy Governor at Bank of Uganda Uganda 163 connections. The Bank of Uganda is in charge of monetary policy. 2006-2009: African Development Bank (AfDB), in Tunisia. According to officials at the Central Bank,  the 61 year-old handed over office to his boss Governor Emmanuel Mutebile. 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. 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. President Museveni also forwarded details of Dr Michael Atingo-Ego to Parliament for vetting as Deputy Governor, 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. 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. © 2018 The Investigator News - More Than Just News Without Fear or Favour. 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