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Parliament Directs Finance Ministry on BoU Deputy Governor Position

The directive follows the expiry of Dr. Louis Kasekende’s contract on 18th January 2020. Dr. Kasekende was serving under Bank of Uganda Governor Prof. Emmanuel Tumusiime Mutebile. The expiry of his contract completed a decade of his service in the same position and making him the longest-serving deputy governor and Deputy Chairperson of the Bank of Uganda Board.
13 Feb 2020 17:09
Bank of Uganda Deputy Governor Louis Kasekende and other officials

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The Speaker of Parliament Rebecca Kadaga has directed the Minister of Finance Matia Kasaija to present a statement concerning the vacant position of Deputy Governor of the Central Bank.

The directive follows the expiry of Dr Louis Kasekende’s contract on 18th January 2020. Dr Kasekende was serving under Bank of Uganda Governor Prof. Emmanuel Tumusiime Mutebile.

The expiry of his contract completed a decade of his service in the same position and making him the longest-serving deputy governor and Deputy Chairperson of the Bank of Uganda Board.

Kasekende, 61, first served as the Deputy Governor between 1999 and 2002. Before then, he had served in different capacities at the central bank –director of Research Department and executive director responsible for research and policy. He moved on to work as chief economist of the African development bank from 2006 to 2009.

He previously served as a member of the United Nations Group of Eminent Persons for the Least Developed Countries and on the World Bank Knowledge Advisory Commission. Kasekende was widely seen as a possible replacement for Governor Emmanuel Mutebile, whose contract will also expire in 2021.

During Thursday’s plenary session, Igara East MP Micheal Mawanda raised a matter of National Importance saying that the position of Deputy Governor had been vacant for long in an institution he described as strategic to the Country.

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Speaker Rebecca Kadaga directed that the Minister of Finance Kasaija to addresses parliament on Thursday next week in regard to the matter. She said that it was important that parliament is briefed on the matter urgently.

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The appointment of Governor and Deputy Governor is made by President Yoweri Museveni according to the Constitution and these are after vetted and approved by Parliament’s Appointments Committee chaired by the Speaker.   

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