The Governor Bank of Uganda Professor Emmanuel Mutebile has died.
It has been confirmed that Mutebile died this (Sunday) morning at the age of 72.
Mutebile has been battling a long illness and passed on in Nairobi hospital in Kenya.
According to a communication from Bank of Uganda, Mutebile was admitted to hospital on Sunday December 31, 2021 after he collapsed due to disbetes-related illnesses. He breathed his last on Sunday January 23, 2022 at 05:00hrs.
An astatute Economist and Banker, Emmanuel Tumusiime Mutebile served as the governor of the Bank of Uganda, the central bank of Uganda for 21 years from 2001 until his death in 2022.
Born on January 27, 1949 in Kabale District, Tumusiime Mutebile attended Kigezi College Butobere for his O-Level studies. He then attended Makerere College School in Kampala, Uganda, for his A-Level studies. In 1970, he entered Makerere University, 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 Idi Amin. He fled to England via Tanzania, 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, before returning to East Africa. He entered 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.
He was the governor of the Bank of Uganda from 2001 until his death in 2022 making him the longest serving chief executive in the Bank of Uganda’s history as well as the Africa’s longest-serving central bank governor.
Professor Mutebile 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.
Since 2006, he was a visiting professor in the Department of Economics at Makerere University, the oldest and largest university in Uganda.
Tumusiime-Mutebile was the chancellor of the International University of East Africa, a private university established in 2011, with an urban campus in Kampala, Uganda’s capital. In 2009, Nkumba University, a private university based in Nkumba, near Entebbe, awarded him an honorary Doctor of Philosophy degree in recognition of his “great contribution towards the development of Uganda’s financial sector”.