Prof. Emmanuel Tumusiime-Mutebile, Bank of Uganda’s longest-serving Governor, dies at 72 years During his time, the banking industry has prospered and strengthened. Industry assets have grown by more than 20 times from UGX1.85 trillion that he inherited to UGX38.2 trillion as at the end of 2020- a growth of 3730%. Deposits too grew by 20% from UGX1.33 trillion to UGX26.8 trillion- a growth of 2580%. Lending also grew by 1530% from a mere loan portfolio of just UGX530 billion to UGX16.3 trillion at the end of 2020.

Prof. Emmanuel Tumusiime-Mutebile, Bank of Uganda’s longest-serving Governor and Chairman of the Board of Directors, since 2001, has died. He was aged 72 years. Born on January 27th, 1949, he has died 4 days before his birthday. Details of his passing are yet to unveil, but according to various sources, he has been unwell and admitted to Aghakhan Hospital, Nairobi on life support. He passed on around 05:00 am this morning. A few weeks ago, he was evacuated to Nairobi by air ambulance, in very critical condition. A seasoned professional economist and reformer, he spearheaded the design and implementation of…