Corporate Affairs

Dr. Louis Kasekende named new MEFMI Executive Director

The former Bank of Uganda Deputy Governor, Dr Louis A. Kasekende has been appointed Executive Director of Macroeconomic and Financial Management of Eastern and Southern Africa (MEFMI).

Kasekende, who held the Deputy Governor position at BOU from January 2010 till January 2020, officially joined MEFMI on April 1 2021.

Prior to his first appointment as Deputy Governor, Kasekende had served for 13 years at BOU in several capacities, including that of Director of the Research Department and Executive Director responsible for Research and Policy.

His career has also seen him serve as Chief Economist of the African Development Bank (AfDB) from May 2006 to December 2009.

As Chief Economist, he was the Bank’s spokesperson on socio-economic and development issues of importance for Africa.

Dr. Louis Kasekende named new MEFMI Executive Director

He is credited for playing a leading role in the AfDB’s efforts to help African economies withstand the impact of the global economic crisis.

Between 2002 and 2004, he served as Alternate Executive Director and later as Executive Director at the World Bank for Africa Group 1, where he over-saw 22 countries mostly from Anglophone Sub-Saharan Africa.

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Dr. Kasekende has previously served as a member of the United Nations Group of Eminent Persons for the Least Developed Countries and the World Bank Knowledge Advisory Commission.

He also served on the Board of the African Export Import Bank (AFREXIMBANK), the International Economics Association (IEA), African Economic Research Consortium (AERC) , Uganda Institute of Banking and Financial Services (UIBFS) and as a member of the National Steering Committee on Capital Markets Development in Uganda.

Dr Kasekende holds a PhD and Master of Arts in Econometrics from the University of Manchester and a Bachelors degree in economics from Makerere University.

He is a member of the Rotary Club of Kampala North.

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MEFMI is a regionally owned capacity building organisation, currently with 14 member countries, namely: Angola, Botswana, Burundi, Eswatini, Kenya, Lesotho, Malawi, Mozambique, Namibia, Rwanda, Tanzania, Uganda, Zambia and Zimbabwe.

The mandate of MEFMI is to build sustainable human and institutional capacity and foster best practice for prudent macroeconomic and financial management, with the objective of supporting economic growth and poverty reduction in member countries.

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