KAMPALA, UGANDA: The Longest Serving Bank of Uganda Governor, Prof. Emmanuel Tumusiime Mutebile has died in Nairobi, Kenya, after a long battle of illness and diabetes-related complications.
Mutebile, 72, passed away this Sunday morning at Nairobi Hospital in Nairobi, Kenya where he has been hospitalized recently.
The news of Mutebile’s death was confirmed by Deputy Governor Micheal Atingi-Ego saying the decorated economist this morning.
“It is with profound sadness that the Bank of Uganda announces the death of its gallant Governor, Prof. Emmanuel Tumusiime- Mutebile,” Dr. Atingi-Ego announced.
According to family members, the Governor breathed his last at around 5:00 am.
Born January 13, 1949, Prof. Mutebile served as Governor and Chairman of the Board of Directors of the Bank of Uganda since 2001 to date, making him the longest-serving chief executive of the Central Bank in the country’s history.
A seasoned professional economist and reformer, Mutebile is remembered for spearheading the design and implementation of the Economic Reform Program that restored Uganda from the economic crises of the 1970s and 1980s to sound economic performance during his service as the Permanent Secretary/Secretary to the Treasury in the ministry responsible for finance, planning, and economic development.
He also worked as a consultant for multilateral and regional organizations including the World Bank, International Monetary Fund, Organization for Economic Cooperation and Development, Macroeconomic and Financial Management Institute of East and Central Africa, UK Department for International Development, the North-South Institute in Canada, and for the governments of Rwanda, Kenya, Tanzania, Eritrea, and Nepal.
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.
In 1972, Mutebile was forced to flee Uganda after he gave a speech publicly criticizing the expulsion of Asians from the country by Idi Amin.
At the time of his death, the decorated economist was an Honorary Professor of Makerere University, an Honorary Doctor of Philosophy of Nkumba University, a Companion of the Commonwealth Partnership for Technology Management (CPTM), and a Doctor of Laws (Honoris Causa) of Bishop Stuart University.
Makerere University honoured him with the establishment of the Prof. Emmanuel Tumusiime-Mutebile Chair of Monetary Policy, Banking and Finance.
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