Breaking News! Bank Of Uganda Governor Tumusiime Mutebile is dead

By Uganda Online Media

President Yoweri Museveni has appointed Maj Tom Magambo who has been in the Internal Security Organisations(ISO) as the new police Criminal Investigations Director.

“President Museveni has promoted Private Tom Magambo to the rank of Major and appointed him Director Criminal Investigations of the Uganda Police Force,” the acting UPDF spokesperson, Lt Col Ronald Kakurungu said in a statement.

Kampala: The Governor of the Bank of Uganda Emmanuel Tumusiime Mutebile is dead

According to Deputy Governor Micheal Atingi-Ego, Mutebile died this morning at Nairobi Hospital.

Mutebile has died at the age of 72.

Mutebile was admitted to Nairobi Hospital on Sunday, December 31, 2021, after he collapsed due to complications related to diabetes. He had been in and out of the hospital in recent years for the same complications.

Prof. Emmanuel Tumusiime-Mutebile, a seasoned professional economist has served as Governor and Chairman of the Board of Directors of the Bank of Uganda since 2001 and had just started a new term of office for which he was reappointed by 2021.

About Tumusiime Mutebile

He was first appointed to that position on 1 January 2001 and was re-appointed for a second five-year term on 1 January 2006. In December 2015, he was re-appointed for a fourth five-year term, effective 12 January 2016 till his death.

Tumusiime-Mutebile attended Kigezi College Butobere for his O-Level studies (grades S1-S4). He then attended Makerere College School in Kampala for his A-Level studies (grades S5-S6). In 1970, he entered Makerere University, where he was elected president of the university Students’ Guild.

He was forced to flee Uganda in 1972 after he gave a speech publicly criticizing the expulsion of Asians from the country by Idi Amin. He fled to England via Tanzania, and was able to finish his studies at Durham University, graduating with an upper-second in Economics and Politics.

In October 1974, he began his post-graduate studies at Balliol College, Oxford, before returning to East Africa. He entered the University of Dar es Salaam to lecture and conduct research while pursuing his doctorate in economics.

In 2009, Nkumba University, a private university based in Nkumba near Entebbe, awarded him an honorary Doctor of Philosophy degree in recognition of his “great contribution towards the development of Uganda’s financial sector”.

Between the year 1979 and 1984, Tumusiime-Mutebile was appointed to several government positions in Uganda ranging from deputy principal secretary to the president at State House in 1979, to undersecretary in the ministry of planning in 1981 where he rose to senior economist and then chief economist in 1984.

In 1992, he was appointed permanent secretary to the newly combined ministry of finance planning & economic development, a merger that he had advocated while working under Minister of Finance Gerald Ssendaula.

He is the longest serving chief executive in the Bank of Uganda’s history. He is credited with many of the sound economic policies adopted by the Uganda government at the urging of the central bank during the 1990s and the first decade of the 2000s.

Since 2006, he has been a visiting professor in the Department of Economics at Makerere University, the oldest and largest university in Uganda. Tumusiime-Mutebile has also been the chancellor of the International University of East Africa, a private university established in 2011, with an urban campus in Kampala, Uganda’s capital.

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