SInce Covid-19 made a landfall in Uganda and the country went under lockdown bank of Uganda has been active, standing out for customers- a move that has recieved wide aclaim from the public

Reference is made to a story we wrote earlier today (but has since been taken down) titled: CONFLICT OF INTEREST: BoU board breaks own rules; fails to fire 12 staff for falsifying their age.

Whereas we had made attempts to speak to the Bank of Uganda Deputy Governor, Dr. Louis Kasekende, before writing the story and did not get any response from him, we have since spoken to the BoU Board Secretary, Mrs. Susan Kanyemibwa who has since clarified the following:

  • The Bank of Uganda, Director of Human Resources, Dr. Jan Tibamwenda has denied ever authoring the memo particularly referred to in the article addressed to the Deputy Governor proposing a particular course of action on staff with unreconciled dates of birth.
  • Whereas it is true that Bank of Uganda like many other public institution is undertaking a reconciliation process of their staff records to align them with biodata presented to the National Identification and Registration Authority (NIRA) and National Social Security Fund (NSSF), this matter is still a management matter and has not yet been brought to the attention of Bank of Uganda Board as alleged in our story and as claimed by the purported memo to the Deputy Governor. In fact, there was no meeting of the Board of Directors to discuss the matter as alleged in the article.
  • Some of the Bank of Uganda officials mentioned in the purported memo and therefore in our story have not been affected by the said unreconciled biodata records.

The management of CEO East Africa Magazine regrets the inaccuracies above and has since pulled down the story. We have started a process of streamlining media inquiries with the central bank to ensure improved and more factual reporting.

We pledge to hold our sources more accountable in the future.

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.

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