KAMPALA – President Museveni’s top choice for Bank of Uganda Governor, the amiable Makerere University Business School Principal Waswa Balunywa is set to join the central bank initially as No.2.
Sources close to the Presidency have told PML Daily that Prof. Balunywa will in the new year replace Dr. Louis Kasekende, whose contract ends this January.
Governor Mutebile’s contract ends in January 2021.
Predident Museveni has been considering the next leadership changes at Bank of Uganda following a series of inquiries into the management of the central bank, first by Parliament and later by President Museveni’s State House Anti-corruption unit headed by Col. Edith Nalakalema.
Earlier, this website reported that Mr. Mutebile was not expected to serve beyond his current term, which ends in 2021 and according to State House sources, Prof. Balunywa, who has maintained a strong working connection with President Museveni all his public service life, is poised to replace him in changes planned shake up the Central Bank.
But in the run up to the new year, sources say the President has since decided to appoint Prof. Balunywa as Mutebile’s No.2, to give government more time to plan the recommended administrative setup changes at the Central Bank.
President Museveni, indeed met Prof. Balunywa during the Christmas holiday, praising him as a good manager who has offered good direction to MUBS.
Prof. Balunywa led a delegation of the MUBS staff association members to the Presidents Country home in Rwakitura on December 29.
The President has before praised , Prof. Balunywa especially when he ordered the First Lady and Education Minister Janat Museveni to extend his current term at MUBS in May 2018, writing on May 28, 2018 that the MUBS chief “has always been on the right side of the liberation ideology” and had given the MUBS institution good leadership without strikes.
“I have never found him averse to advice the few times I have interacted with him. Such a person is always good to work with,” Mr Museveni wrote, in glowing praise to the MUBS chief.