The Governor Bank of Uganda, Prof. Emmanuel Tumusiime Mutebile, is battling health complications and was admitted at Nakasero hospital in Kampala .
The governor has been in hospital for the last few days. Not much is known about his condition but we are told it’s critical.
Over the weekened, Dr. Adam Mugume, was appointed Acting Deputy Governor Bank of Uganda.
Mugume replaced Dr. Louis Kasekende whose contract at the central Bank expired earlier this year.
An insider reveals Mugume will not only perform the deputy governor’s roles but governor Mutebile’s as well.
“He (Mutebile) is not expected in office anytime soon. His health is failing. There’s great worry,” the insider told us.
For years, Mutebile’s health has been a
subject of public debate with many worried he was nolonger performing his critical duties.
In 2016, the governor had to be flown to The United Kingdom for specialised medical attention after he collapsed at home.
A year earlier (2015) he was flown to South Africa for medication.
Emmanuel Tumusiime-Mutebile, aged 71, is widely considered on of the greatest economists.
He was first appointed governor on 1 January 2001 and was re-appointed for a second five-year term on 1 January 2006. In December 2015, he was re-appointed for a fourth five-year term, effective 12 January 2016
He is the longest serving chief executive in the Bank of Uganda’s history. He is credited with many of the sound economic policies adopted by the Uganda government at the urging of the central bank during the 1990s and the first decade of the 2000s.