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    Deal: Over 50,000 Housing Units to be supplied as NWSC and NHCC Sign Water Partnership MOU

    From Streams to Screens: Here Unveiling the IT and Digital Transformation of Uganda`s National Water and Sewerage Corporation Corp

    Stealing A Glance at Balokole Polls: Pastor Kyazze Takes Early Lead as Bisiyaga Assumes the Center Stage at The Election of New Leadership Today

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    Fake Blackmail: Let Ham Deliver Nakivubo Stadia instead of Labeling Bond Okello, Audrine Nsubuga Unpatriotic

    Fake Blackmail: Let Ham Deliver Nakivubo Stadia instead of Labeling Bond Okello, Audrine Nsubuga Unpatriotic

    Heroine! Presidency Minister Milly Babalanda Saves Kyabazinga from Physical Assault at the Canada Busoga Symposium

    Heroine! Presidency Minister Milly Babalanda Saves Kyabazinga from Physical Assault at the Canada Busoga Symposium

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    • Trump Inauguration
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    • Mobile
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    Hon. Frank Tumwebaze graces PRAU Governing Council Handover Ceremony

    UG Pineapple at B&W

    It was Blankets and Pineapple Waragi as SA’s Distruction Boys entertain Kampala

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
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  • Entertainment
    • All
    • Gaming
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    • Music
    Fare Thee Well Darling: Delicately Voiced Singer Evelyn Nakabira ‘Lagu’ Goes Home Sad and Disappointed but with a Hope-filled Smile

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    Uganda and Kenya Still have to Prove their Might on the Continent as Organizers Kick Out the Afcon 2027 Bidding Neighbors Out of Maiden Clubs

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    No Thank You: Before we ‘Must’ Say Thank You, Take a Look at the Sickening Outside of the Beautiful Interior of Ham Kiggundu’s Nakivubo Stadium

    No Thank You: Before we ‘Must’ Say Thank You, Take a Look at the Sickening Outside of the Beautiful Interior of Ham Kiggundu’s Nakivubo Stadium

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    • Food
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    Musambwa Goes Dormant: Government Soldiers Secure Buganda’s Mysterious Shrine Amidst Renovations of Mandela National Stadium”

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Finally Out: Bank of Uganda Deputy Governor Kasekende Hands over office, moves from lavish Kololo to lowly Buloba home

The Deputy Governor leaves Central Bank with a soiled image though

January 13, 2020
inBusiness, Featured
Finally Out: Bank of Uganda Deputy Governor Kasekende Hands over office, moves from lavish Kololo to lowly Buloba home

End of an era: Dr. Louise Kasekende (R) handed over office to his boss Emmanuel Mutebile (L)... (Courtesy Photo)

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KAMPALA, Uganda: Beleaguered Bank of Uganda Deputy Governor Dr. Louise Kasekende has this afternoon bowed out of the Kampala Road premised Central Bank upon stealthily handing over office and official items to his boss, Prof. Emmanuel Tumusiime Mutebile.

Close to a fortnight ago, The Investigator revealed that Kasekende had resolved to throw in the towel. This report was based on exclusive information that the appointing authority had not only shown little or no interest in renewing his term, but the man himself had also kowtowed to family pressure to save their image from negative public references.

We have it on authoritative note that in a family meeting at his home in December, Kasekende narrated how stressed he had become and ‘apologized’ to them for casting their image in Bank of Uganda epics. “And therefore, from January 13th 2020, you should find me at Buloba and not Kololo,” a family source had quoted Kasekende as having announced his move.

“From today, he’s staying in Buloba,” offered our family source this afternoon adding that Kasekende, his wife Edith and or close family members would only shift their basics since the house was wholly furnished by BOU. “They moved out with only their personal effects. The house is among the items handed over to the Governor,” revealed the source.

Kasekende is leaving the Central Bank a haunted man. So haunted he even gave up on his would-be alternative retirement home in the palatial Lubowa estates along Entebbe road. Even when he had explained to the family that he bought the house from African Development Bank terminal benefits, the same is unexplainable to public members who believe, its BOU exploits that fished it in.

A senior economist who has worked in key positions of the banking sector, Louis A. Kasekende, 61, was named Deputy Governor of the Bank of Uganda on January 18th 2010. But this was a bounce back as he had served in the same capacity from 1999 to 2002. His handover today marks the end of a decade plus era at the national financial reservoir.

Kasekende told family that he was retiring into farming. “He trusts his persona is heavily soiled and would want a total rebrand of himself as a farmer,” offered our source. Since time immemorial, Bank of Uganda affairs were matters for only economists, bankers and money moguls. However, this is no longer the case as even the most ordinary Ugandan can now find the institution at fault.

This is when they (BOU) questionably started closing indigenous banks, accusing them of poor management. However, it’s until when they closed Crane Bank which they had for years, credited before the public as the best bank. Public members’ and hitherto relaxed journalists’ curiosity made them follow to the letter, all the investigations in this ‘anomaly.’

The investigations revealed a lot of mess especially in the administration and monitoring departments. At one time, the aging and ailing Governor, Emmanuel Tumusiime Mutebile himself acted as the whistle blower in a case where, alleged extra billions of money was printed and transported into the country fraudulently. The Investigator has a clue on Kasekende’s possible replacement… Watch this space.

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