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March 15, 2021 Bank of Uganda governor Emmanuel Tumusiime-Mutebile
Prof. Emmanuel Tumusiime-Mutebile last week stealthily made his way into the parliament’s appointments and vetting committee to defend his re-appointment as governor of the Central Bank, with security personnel ensuring that media and the public did not even catch a glimpse of him.
The 71-year-old economist has been at the helm of Bank of Uganda (BOU) since 2001 and in January, President Yoweri Museveni reappointed him as governor for the next five years pending parliament approval. Sources in the appointments committee described Mutebile as looking physically weak but mentally sharp.
The appointments committee chaired by speaker Rebecca Kadaga convened in parliament’s conference hall adjacent to the president’s office to vet Mutebile amid tight security. No journalist was allowed anywhere close to the vetting premises by security personnel who had zealously been keeping watch ahead of Mutebile’s arriv
MPs vet Mutebile for another 5-year term
Saturday March 13 2021
Bank of Uganda Governor, Mr Emmanuel Tumusiime Mutebile. He said central bank is concerned with the increase in government indebtedness. Photo by David Lubowa.
Summary
The governor has navigated a stormy period that the central bank has endured in the recent years.
The year 2019 was particularly hard for BoU, with the sensitive institution plagued by bad publicity amid multiplicity of accusations.
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Bank of Uganda (BoU) Governor Emmanuel Tumusiime-Mutebile was yesterday quietly led before the Appointments Committee of Parliament for vetting ahead of starting another five-year term in office following reappointment by President Museveni last month.