Late Emmanuel Tumusiime-Mutebile

The fallen Bank of Uganda (BoU) Governor Prof Emmanuel Tumusiime-Mutebile will be laid to rest on 31st January 2022, Eagle Online has learnt.

The Governor passed on yesterday at Aga Khan Hospital where he was admitted over diabetes-related complications. Eagle Online exclusively reported on January 4, 2022 that the economist was admitted to the Kenyan Health facility after he collapsed on 31st December 2021.

According to a tentative burial program released by the Minister of Information Dr Chris Baryomunsi, the deceased’s body will arrive tomorrow and there will be vigil at home in Kololo and on Thursday, his body will be taken to parliament to pay tribute to the fallen Governor of BoU.

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“On Friday there will be official service at Kololo and the body will be flown to Kabale. We have agreed with the family members that he will be laid to rest on Monday, 31st January 2022,” Baryomunsi said.

Mutebile has been on and off duty over the deteriorating health conditions. He was put on daily dialysis because his kidneys had weakened and they couldn’t do their excretion job. He was in September last year admitted at Nakasero hospital for a full week. He was later discharged and continued to be monitored from his Kololo based home. He was admitted to Cleveland hospital in Abu-Dhabi till December when he was discharged.

The 72 year old, whose contract was renewed on January 12th, 2021 for five years, has been at the helm of the central bank since 2001. He is the longest serving Chief Executive in the Bank of Uganda’s history. 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.

Amidst Covid-19 pandemic Mutebile and his team have kept Uganda’s economy generally stable. Inflation has been contained within the BOU target of 5% and the Shilling has remained stable against major currencies.

Mutebile was born on January 27 1949 in Kabale district Kigezi sub-region. He attended Kigezi College Butobere for his O-Level studies and then went to Makerere College School for his A-Level studies.

In 1970, he enrolled at Makerere University to study economics, where he was elected president of the university Students’ Guild.

He was forced to flee Uganda in 1972 after he gave a speech publicly criticizing the expulsion of Asians from the country by President Idi Amin, he fled to England and was able to finish his studies at Durham University graduating with an upper-second in Economics and Politics. In October 1974, he began his post-graduate studies at Balliol College, Oxford.

He returned to East Africa to Tanzania at the University of Dar es Salaam to lecture and conduct research while pursuing his doctorate in economics.

Between the year 1979 and 1984, Tumusiime-Mutebile was appointed to several government positions in Uganda ranging from Deputy Principal Secretary to the President at State House in 1979, to Undersecretary in the Ministry of Planning in 1981 where he rose to Senior Economist and then Chief Economist in 1984. In 1992, he was appointed Permanent Secretary to the newly combined Ministry of Finance Planning & Economic Development, a merger that he had advocated while working under Minister of Finance Gerald Ssendaula.

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