×
  • HOME
  • NEWS
  • GOSSIP
  • LIFESTYLE
  • HOT 100
  • SOCIAL
  • EVENTS
  • ×
    close
    profile photo
    National

    Museveni mute about New Bank of Uganda Governor 1 year later!

    420 views
    Museveni mute about New Bank of Uganda Governor 1 year later!
    • January 28, 2023 • 1 year ago

    For 12 months now, Uganda has gone without a substantive Central Bank Governor.

    Having spent consecutive 20 years at the helm of Bank of Uganda, Professor Emmanuel Tumusiime Mutebile passed away on January 23 2022, leaving a vacuum in the top position of the central Bank.

    Although the Bank of Uganda (BOU) Act  mandates the President to appoint a person with recognized financial and banking experience to this Governorship - President Museveni has kept his cards close to the chest as to when a new Governor will be named!

    In this tenure without the central Bank having a Governor, Deputy Governor Mr. Michael Atingi-Ego has held the mantle.

    Asking about the status of the BOU Governorship, Ms Charity Mugumya - the bank's Director of Communication reffered journalists to the State House Press Secretary who was unavailable for a comment. Mr Patrick Ocailap, the deputy secretary to the Treasury, proceeded to note that “if it ain’t broke, don’t fix it.”

    “What has gone wrong for us to be worried about?” he wondered, adding, “Imported inflation has been managed very well. We are also navigating the effects of Covid-19 pandemic without capsising the boat. All that is being done without a substantive governor. There is no reason to panic. Everybody should just relax. At an appropriate time the decision maker will make a decision.” Ocailap said.

    Leave a Comment below about this story


    In other News

    Prince Harry and Meghan Markle break the royal tradition.
    Prince Harry and Meghan Markle break the royal tradition.
    ...
    Grace Khan talks love, relationships and music
    Grace Khan talks love, relationships and music
    ...
    Patrick Amuriat Oboi says reconciliation between FDC divergent Factions are underway
    Patrick Amuriat Oboi says reconciliation between FDC divergent Factions are underway
    ...
    Why the Dollar is Losing its Grip on the World and What it Means for You
    Why the Dollar is Losing its Grip on the World and What it Means for You
    ...
    Olympique Marseille appoint Jean-Louis Gasset as their new coach.
    Olympique Marseille appoint Jean-Louis Gasset as their new coach.
    ...
    Ethiopia blocks Somali delegation from attending the A.U 2024 summit.
    Ethiopia blocks Somali delegation from attending the A.U 2024 summit.
    ...
    Latest News
    Erik Ten Hag warns Antony over Manchester United battles.
    Erik Ten Hag warns Antony over Manchester United battles.
    less than 1 second ago
    Moscow looks at the second Ukrainian war anniversary with pending victory.
    Moscow looks at the second Ukrainian war anniversary with pending victory.
    5 hours ago
    usercover Natasha   19 hours ago on Socialviba
    Forehead gang muliwa ???
    storycover
    click on this post to tell us what you think!
    Write a comment...

     

    Today's Hot Stories
    1
    Watch Pretty Nicole
    Watch Pretty Nicole's Private Leaked Video.
    Exposed
    2
    Gold Vivi
    Gold Vivi's Onlyfans nude video leaked.
    Exposed
    3
    "I love him and am not going to deny it" Zafaran opens up about her love for David Lutalo
    "I love him and am not going to deny it" Zafaran opens up about her love for David Lutalo
    Gossip
    4
    Moscow looks at the second Ukrainian war anniversary with pending victory.
    Moscow looks at the second Ukrainian war anniversary with pending victory.
    International
    5
    Malo Gusto not scared of battling Chelsea captain Reece James.
    Malo Gusto not scared of battling Chelsea captain Reece James.
    Sport
    6
    America to receive total eclipse in April.
    America to receive total eclipse in April.
    International
    7
    Azawi speaks out on allegations of her
    Azawi speaks out on allegations of her 'Masavu' song being written by the late Mozey Radio.
    Gossip
    8
    Tiktoker Pressure 247 harshly remanded to Luzira Prison.
    Tiktoker Pressure 247 harshly remanded to Luzira Prison.
    Gossip
    9
    Trouble in paradise. Zari and Shakib
    Trouble in paradise. Zari and Shakib's marriage allegedly falls apart
    Gossip
    10
    Comedian Reign Graduates from University
    Comedian Reign Graduates from University
    Celebrity
    Listen to Music on Nowviba