• EDITORIAL POLICY
  • ABOUT US
PML Daily
  • 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
  • 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
suubula suubula suubula
Home BUSINESS

Museveni reappoints 71-year-old Mutebile for fifth term as BoU governor

JAVIRA SSEBWAMI | PML Daily Staff Writer by JAVIRA SSEBWAMI | PML Daily Staff Writer
January 18, 2021
in BUSINESS
0 0
433
VIEWS
FacebookWhatsAppTwitter
Central Bank governor Tumusiime Mutebile gets new term PHOTO/Courtesy).

KAMPALA — Prof. Emmanuel Tumusiime-Mutebile has been re-appointed as the governor of Bank of Uganda, a fifth five-year term.

The 71-year-old is expected to appear before the parliament’s appointment’s committee for approval.

President Museveni reportedly extended Prof. Mutebile’s contract on the eve of Election Day last Wednesday.

The announcement ends a long-running rumour mill where different names had been thrown about as possible replacements.

Mutebile was first appointed governor in 2001.

Officials on Committee on Commissions Statutory Authorities and State Enterprises had recently warned of serious repercussions if the governance issues between Mutebile and his juniors at BoU were not solved.

Mr. Abdu Katuntu who chaired the Cosase committee that investigated and unearthed a rot at Bank of Uganda has asked President to sack Mutebile over governance issues.

“If this fight amongst the factions is not stopped, be ready for serious repercussions,” COSASE warned.

“It may lead to the collapse of the central bank if issues of governance are not hurriedly handled,” he added.

Mr. Katuntu while still the Cosase boss, his Committee noted a number of inconsistencies key among them, the declining performance of the Central Bank, closure and sale of the defunct Banks without any inventory or documentation and grossly undermining the legal procedures of bank closure by the Central Bank.

Comments

Tags: Bank of UgandatopTumusiime Mutebile

Related Posts

Uganda Cranes under 20 (PHOTO/Courtesy).
SPORT

Afcon U20: Uganda play Burkina Faso in quarter-finals, today

February 25, 2021
19
Transport minister Gen Katumba Wamala addressing the press on new driving license issuance on Wednesday (PHOTO/Courtesy).
NEWS

It may create room for forgeries! House questions govt’s ‘preparedness’ on new driver licence issuance

February 25, 2021
51
NWSC has asked the top managers to up their performance (PHOTO/Courtesy).
NEWS

NWSC challenges Managers on Performance and customer care

February 25, 2021
41
NEWS

Her heart beats for street children

February 25, 2021
45
Officials cutting a cake at the luncheon farewell to the outgoing Justice Micheal Elubu (PHOTO/Courtesy).
NEWS

Civil Division bids farewell to Justice Elubu

February 25, 2021
54
Left – Right: Rotarian George Francis Iwa, CAFOMI Executive Director, Ms. Diana Apio Kasyate, Relations Manager, Coca-Cola East and Central Africa Franchise and Arthur Akankwasa, Senior Franchise Manager at Coca-Cola overseeing Uganda at the handover ceremony at St. Paul church Mbuya (PHOTO/Courtesy).
BUSINESS

CAFOMI, Coca-Cola launch relief distribution to support plastic waste collectors across Uganda

February 25, 2021
33

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

KIU

  • EDITORIAL POLICY
  • ABOUT US

© 2020 PMLDAILY.COM

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

© 2020 PMLDAILY.COM

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

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

Log In