Emmanuel Tumusiime-Mutebile
Taking a cue from the top: governor turnover and independence
Central bank governors tend to have long tenures, but what that means can vary. High turnover remains a worrisome signal
Bank of Uganda cuts rate and warns of lasting disruption
Central bank cuts rates and narrows target band, as impact of Covid-19 in Uganda continues to play out
Uganda keeps rates on hold despite rising core inflation
Policy necessary to ensure “sustainable growth”, governor says
Ugandan governor says central bank not ‘obliged’ to bail out banks
Bailouts could encourage mismanagement, he says
Bank of Uganda governor hits back at mismanagement claims
Central bank and government ombudsman are locked in conflict over a staff reshuffle
Ugandan stress tests reveal banking sector vulnerabilities
Banking sector could face a loss of $140 million if three largest banks default; governor says it has been a “difficult year” for banks
Uganda central bank sues Crane Bank director for over $100m
Bank of Uganda investigation finds troubled Crane Bank owned wholly by one person; third party to file action against the central bank for negligence in handling Crane saga
Uganda will ‘claw back’ losses – Tumusiime-Mutebile
Ugandan governor remains upbeat about the country’s growth, with new figures showing recovery in both the services and industrial sectors; he urges people to ignore pessimistic media reports
Ugandan governor emphasises banking system is sound
Tumusiime-Mutebile steps in to calm investors, dismissing negative reports following the acquisition of Crane Bank; banking system is “stable, sound and profitable”, he says
Bank of Uganda takes control of large commercial bank
Ugandan central bank takes over the management of Crane Bank, the commercial bank; clarification issued over use of governor’s signature
Still room to support domestic economic growth after cut, says Ugandan governor
Exchange rate movements remain key risk to inflation, says Tumusiime-Mutebile, as Bank of Uganda cuts interest rates by 100bps
Ugandan governor on road to recovery after falling ill
Emmanuel Tumusiime Mutebile treated in hospital after falling ill last week; now in South Africa for ‘medical review’ where central bank says he is ‘in good spirits’
Uganda governor troubled by effect of low oil prices on public finances
Uganda must have a ‘far-sighted long-term fiscal policy’ that recognises the threat falling oil prices pose to the health of public finances, argues central bank governor
Ugandan governor rejects president’s growth target
Emmanuel Tumusiime-Mutebile says it is impossible for Uganda to become a middle-income country by 2017, as it will take two decades for the country to double its GNI per capita
Bank of Uganda awaits confirmation of four board members
The terms of four out of six members of the Bank of Uganda’s Board expired in June; no word yet on replacements
Uganada’s Tumusiime-Mutebile on reforming debt markets
Bank of Uganda governor Emmanuel Tumusiime-Mutebile calls for greater participation of brokers in debt markets
Uganda’s Tumusiime-Mutebile on driving investment growth
Bank of Uganda governor Emmanuel Tumusiime-Mutebile says capital market deepening and responsive regulation key to expanding country’s investment potential
Bank of Uganda – Financial Stability Report
Ugandan central bank publishes inaugural report detailing the health of the financial sector and documenting policy moves taken to combat the crisis
Uganda’s Tumusiime-Mutebile on media relationships
Bank of Uganda’s Emmanuel Tumusiime-Mutebile says effective communication with the public is crucial for central bank’s work
New law will allow Islamic banks – Uganda governor
Bank of Uganda’s Emmanuel Tumusiime-Mutebile says the financial institution act will be amended to allow Islamic banking
US downturn's impact limited in East Africa
An economic slowdown in the United States would have ramifications for East Africa but many factors can limit its impact, says Emmanuel Tumusiime Mutebile, the governor of the Bank of Uganda.