• EDITORIAL POLICY
  • ABOUT US
PML Daily
No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
PML Daily
No Result
View All Result
Home BUSINESS

Bagyenda to leave BOU in surprise staff shake-up

OUR REPORTER | PML DailybyOUR REPORTER | PML Daily
February 7, 2018
8 0
6
SHARES
114
VIEWS
FacebookWhatsAppTwitter

Bank of Uganda governor Emmanuel Tumusiime-Mutebile has in a surprise move made changes at the Bank, replacing the flamboyant executive director in charge of Supervision, Justine Bagyenda.

In a memo to all staff, Dr Mutebile has instructed that Ms Bagyenda process her handover awaiting retirement.

The memo announces Dr Tumubweine Twinemanzi as the replacement for Ms Bagyenda. Dr Twinemazi joins the Central Bank from Uganda Communications Commission (UCC) where he has been the Director Industry Affairs and Content (Economic Affairs).

Ms Bagyenda has come under fire lately over her role in the management of commercial banks in Uganda. Most outstanding among her woes was her alleged role in the mismanagement of Crane Bank which was closed last year.

Tumubweine who holds a PHD in Economics comes at a time when the financial services industry is at its lowest. The industry is choking on bad loans. In December 2016, the industry Non-Performing Loans to gross loans reached 10.47%, the worst ever since September 2000, when it reached 13.57%.

Dr Tumubweine Twinemanzi. File photo.

 

Related

Leave a comment

Tags: top

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Advertisement

About

The PML Daily, published via www.pmldaily.com is a publication of Post Media Ltd, a professional Digital/New Media company in Uganda.

Follow us



  • EDITORIAL POLICY
  • ABOUT US

© 2022

No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines

© 2022

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist