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

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 13^th 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 18^th 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.