A new document reveals that the Bank of Uganda (BoU) Deputy Governor, Dr Louis Kasekende, has not declared all the wealth that he owns as required by the Leadership Code Act 2002 whose aim is to stop public officials from embezzling public funds.
The Code requires leaders to declare their incomes, assets and liabilities that may be tracked in case a public official is suspected of getting involved in corruption.
That a side, the document Eagle Online has accessed, reveals that Dr Kasekende has eight undeclared plots of land worth billions of shillings in Buloba and Lower Naguru.
The plots Kasekende has never declared are; Plot 38 (0.157 hectares) in Lower Naguru on East road worth Shs1.280 billion, Plot 1423 on block 314 in Buloba worth Shs432 million.
Others whose value is not quoted are; Plot 1738 (0.809 hectares), Plot 3213 (0.079 hectares), plot 1427 (3.647 hectares), plot 184 (2.7 hectares), plot 1754 (1.624 hectares) and plot 6102 (0.317 hectares). The plots are all found on block 314 in Buloba.
Meanwhile Kasekende was able to declare fiver properties. They include; Plot 2A (0.142 Hectares) in Makindu worth Shs3.6 billion, Plot 2 (0.22 Hectares) on Bukoto Rise worth Shs2.7 billion, Block 314, plot 706, Plot 1475 Lubowa Estate work Shs3.6 billion and Plot 12 on Corporation Road Ntinda.
Kasekende is married to Edith Kasekende, and together are the parents of three children; George, Vivienne and Stuart. Eagle Online recently reported how Edith transacted mobile money worth billions of shillings and a lot more monies on bank accounts. Eagle Online reported how their son George, transacted hundreds of millions of shillings on his personal account in centenary bank.
It is believed some of Kasekende’s properties and other wealth are in the names of his wife and the children.
Kasekende’s brief professional profile
The BoU website notes that;
From May 2006 to 2009, he served as Chief Economist of the African Development Bank (AfDB). As Chief Economist, he was the Bank’s spokesperson on socio-economic and development issues of importance for Africa. He supervised the Development Research Department, the Statistics Department and the African Development Institute. Between 2002 and 2004, he served as Alternate Executive Director and later as Executive Director at the World Bank for Africa Group 1, including 22 countries mostly from Anglophone Sub-Saharan Africa.
Prior to joining the World Bank, he had worked for 17 years at the Bank of Uganda in several capacities, including Director of Research Department, Executive Director responsible for Research and Policy and served as Deputy Governor between 1999 and 2002. He 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.
Currently, Dr Kasekende is a Board Member of the African Export Import Bank (AFREXIMBANK), the International Economics Association (IEA) and the Africa Economic Research Consortium (AERC), and is a member of the National Steering Committee on Capital Markets Development in Uganda.
Dr Kasekende holds a Bachelor of Arts Degree of Makerere University, Diploma in Econometrics, Masters of Arts and PhD in Econometrics of the University of Manchester. He has authored several articles in academic journals and books.