Latest Posts

Former Deputy Governor ‘Kasekende’ Finally Bids Painful Farewell To BoU

Former Deputy Governor ‘Kasekende’ Finally Bids Painful Farewell To BoU

Kampala: The Former Bank of Uganda deputy Governor Dr. Louis Kasekende has finally tailed down and bid farewell to the central bank staff after his contract expiry.

In his letter, Dr Kasekende expressed his gratitude to staff and to the appointing authority for according him the enabling environment to serve the central bank for all the years.

“As you already know, my contract as Deputy Governor of Bank of Uganda came to an end on January 14, 2020. I express my profound gratitude to the appointing authority, H.E President Museveni, for according me the opportunity to represent the country in various continental and international assignments,” he said.

He added: “As I reflect upon my time at the bank, I am deeply grateful for all I have met. Serving our country is a worthwhile experience for all of us. We have jointly achieved a lot and should be proud of the tremendous progress for the future of our bank and our country.”

Acting Director of Communications at the Bank of Uganda Kelvin Kiyingi confirmed Dr Kasekende’s exit.

“Dr Kasekende wrote an internally shared email bidding farewell to staff at the Bank of Uganda and that was on Friday, at 4pm,” he said.

Mr Kiyingi said Dr Kasekende had fully executed his mandate using the right procedures. “He complied with all the policies of the bank and handed over in time,” he said.

The Minister for Finance, Planning and Economic Development, Mr Matia Kasaijja, said government had not yet deliberated upon the next move on Kasekende’s employment at Bank of Uganda. “The President who is the appointing authority is a very busy man,” Kasaijja said.

However, According to sources, Dr. Kasekende tried but failed to meet President Museveni in to talk about the possibility of extending his contract, after the President rejected all his requests for audience.

Where trouble came from

In June this year, Members of Parliament raised concerns over the incessant scandals plaguing BoU following the recent mishap in which a consignment of printed currency flown into the country included extra cargo not on the bank’s documentation.

The scandal led to State House’s anti corruption kingpin Edith Nakalema move to arrest several bank officers, although their supervisors weren’t booked.

The legislators hinted on the unsatisfactory behaviour of the Bank of Uganda (BoU) in response to a report presented by the State Finance Minister for Planning, David Bahati, noting that not so long ago the Bank was under investigation for erroneously shutting down commercial banks in the country, a drama that played out in broad daylight probe which exposed bank chiefs as incompetent and fraudsters.

Loading

Don't Miss

EXPOSED! Muyenga Tycoon’s Maid Cited In Land Wrangle

EXPOSED! Muyenga Tycoon’s Maid Cited In Land Wrangle

In recent days, Muyenga, Y2K Zone a push Kampala suburb,
Parliament Orders Closure Of Fuelex Petrol Stations For Adulterating Fuel

Parliament Orders Closure Of Fuelex Petrol Stations For Adulterating Fuel

The Parliamentary Committee on Trade And Industry led by Mbarara
Big Story: Parliament Probes UETCL Bosses Over Corruption, Mismanagement & Controversial UGX 28Billion Compensation Deal

Big Story: Parliament Probes UETCL Bosses Over Corruption, Mismanagement & Controversial UGX 28Billion Compensation Deal

Members of Parliament on the Committee on Environment and Natural
‘Back Off Buganda Land’ Kabaka Mutebi Castigates People Pushing For Abolition Of Mailo Land Tenure System

‘Back Off Buganda Land’ Kabaka Mutebi Castigates People Pushing For Abolition Of Mailo Land Tenure System

The Kabaka of Buganda Kingdom Ronald Muwenda Mutebi II has
Big Story: IGG Probes Over Shs1bn Ubos Fraud

Big Story: IGG Probes Over Shs1bn Ubos Fraud

The Inspector General of Government (IGG) is investigating top officials
EXPLOSIVE: How Speaker Kadaga & Confidant Hon. Okupa Spent Over US 4,000 (Shs2.8 BN) In-less Than 2 Years In Travels Abroad

EXPLOSIVE: How Speaker Kadaga & Confidant Hon. Okupa Spent Over US $764,000 (Shs2.8 BN) In-less Than 2 Years In Travels Abroad

Since taking office as Deputy Speaker of Parliament way back
Ham Vs DTB Appeal: Bank Of Uganda Runs Out Of Case, Leaves DTB To Carry Its Own Cross

Ham Vs DTB Appeal: Bank Of Uganda Runs Out Of Case, Leaves DTB To Carry Its Own Cross

Bank of Uganda has officially quit the case involving city
Amnesty International Joins Push To Free Presidential Runner Robert Kyagulanyi

Amnesty International Joins Push To Free Presidential Runner Robert Kyagulanyi

The Ugandan authorities must immediately lift the police and military
Exporters Call For Strong Action Against EAC States’ Trade Barriers

Exporters Call For Strong Action Against EAC States’ Trade Barriers

Manufacturers have called on the government to impose tough measures
Big Story: How KCCA Officials Messed Up Youth Fund Programs, Stole Billions of Gov’t Funds In Shoddy Deals

Big Story: How KCCA Officials Messed Up Youth Fund Programs, Stole Billions of Gov’t Funds In Shoddy Deals

Kampala: If there is any government Authority that frustrating President
I Predict Museveni, NRM Victory In 2021 Elections

I Predict Museveni, NRM Victory In 2021 Elections

By Faruk Kirunda Kampala: As we dive into the high
Crisis: Lord Mayor Lukwago Defies Court Order, Appoints Balondemu As Chairman K’la District Land Board

Crisis: Lord Mayor Lukwago Defies Court Order, Appoints Balondemu As Chairman K’la District Land Board

Veteran lawyer Hajji Elias Lukwago, who is the Kampala city
Scandal: Stanbic Bank Bosses Allegedly Steal Borrowers’ Land Titles, Mortgage Them To Dfcu Bank

Scandal: Stanbic Bank Bosses Allegedly Steal Borrowers’ Land Titles, Mortgage Them To Dfcu Bank

Several officials at Stanbic Bank are in deep trouble after
Scandal: KCCA Officials On Spot For Blowing Shs 8Bn Under The Guise Of Renovating Old Tax Park

Scandal: KCCA Officials On Spot For Blowing Shs 8Bn Under The Guise Of Renovating Old Tax Park

Several officials at the Kampala Capital City Authority (KCCA), are
Covid-19 Crisis: Ugandan Students Expected To Sit For UNEB Exams In March 2021

Covid-19 Crisis: Ugandan Students Expected To Sit For UNEB Exams In March 2021

All indications are that a dead year will not be
BoU To Appeal In Supreme Court Over Trashed Crane Bank Case

BoU To Appeal In Supreme Court Over Trashed Crane Bank Case

The Bank of Uganda (BOU) has said it will be
Shame As Top Police Boss Is Convicted Of Car Theft, Ordered To Pay Over Shs282M

Shame As Top Police Boss Is Convicted Of Car Theft, Ordered To Pay Over Shs282M

Untold shame has engulfed the Uganda Police a senior officer
Just In! Energy Mafias Rock Parliament As Patriotic Young Turks Question AIGP Akullo’s Involvement In Min. Energy Corruption

Just In! Energy Mafias Rock Parliament As Patriotic Young Turks Question AIGP Akullo’s Involvement In Min. Energy Corruption

Panic has rocked Parliament as renowned Parliamentarian and Lawyer Hon.
Energy Mafias Debunked Part III: How Werikhe, Turyagyenda Corruptly Swindled Shs15 Bn For 3 Electricity Distribution Projects In Acholi, Bunyoro & Kiruhura

Energy Mafias Debunked Part III: How Werikhe, Turyagyenda Corruptly Swindled Shs15 Bn For 3 Electricity Distribution Projects In Acholi, Bunyoro & Kiruhura

FUNDING THE COUP THROUGH ENERGY AND MINERALS CORRUPTION By the
Just In: Top Energy Officials Fired On Presidential Orders Over Massive Theft Of Electricity Distribution Funds

Just In: Top Energy Officials Fired On Presidential Orders Over Massive Theft Of Electricity Distribution Funds

By Our Reporter Kampala: Two senior officials of Rural Electrification
Salary Scam Hits KCCA AS 29bn Is Paid To Ghost Workers

Salary Scam Hits KCCA AS 29bn Is Paid To Ghost Workers

After Eng Andrew Kitata took over as the acting Executive
Jose Mourinho Appointed New Tottenham Manager

Jose Mourinho Appointed New Tottenham Manager

Jose Mourinho has been appointed as Tottenham’s new manager following
Uganda Airlines  to launch its ground handling operations in 1st Quater Of 2022, says Ag CEO Bamuturaki

Uganda Airlines to launch its ground handling operations in 1st Quater Of 2022, says Ag CEO Bamuturaki

Uganda Airlines is planning to start its own ground handling