Mutebile gets reappointed as BoU Governor― but what are some of the numbers underpinning his two-decade reign? Although he has presided over robust growth of the financial services sector in his 19-year reign, Mutebile’s lowest point in his career was the 2018/19 parliamentary probe that found that BoU culpable in the irregular and mismanaged closure and sale of 7 defunct banks.

News coming in from the President’s Office indicate that President Yoweri Kaguta Museveni has in line with Article 161(3) of the Constitution of the Republic of Uganda, reappointed Prof. Emmanuel Tumusiime Mutebile for another term as the Governor Bank of Uganda. The Governor is the Chief Executive Officer of the central bank and also chairs the Board, which is the highest governing authority of the bank. The Governor and deputy Governor each serve a renewable term on five years. Bank of Uganda, other than being Uganda’s central bank, it is also responsible for the formulation and implementation of the monetary…