Central Banks in the East African Community have eulogised the fallen Bank of Uganda Governor, Prof. Emmanuel Tumusiime-Mutebile, who died in the wee hours of Sunday last week at Aghakhan Hospital, Nairobi.
Uganda’s longest-serving Governor and Chairman of the Board of Directors had served in the capacity for twenty years, since 2001.
In his condolence message, the Governor of the Central Bank of Kenya (CBK) Dr. Patrick Njoroge, said Prof. Tumusiime-Mutebile led the Bank of Uganda with distinction during a critical time.
He said during his tenure as Governor, and before that as Secretary to the Treasury, he helped Uganda transition to a market-led economy.
“Crucially, Prof. Tumusiime-Mutebile led the transformation of the Bank of Uganda including anchoring its independence in the Constitution. He also worked tirelessly to forge closer links within the East African Community, working with his fellow Central Bank Governors to harmonise policies leading to implementation of the East Africa Monetary Union.”
“I am deeply saddened by the news this morning of the passing away of Prof. Emmanuel Tumusiime-Mutebile. I interacted with the late Governor on numerous occasions since my joining the Central Bank of Kenya in June 2015. I am particularly grateful for his welcoming me into the community of East African Central Bank Governors, and I cannot forget the many courtesies he extended to me,” said Dr, Njoroge.
“We pray that his family, friends and colleagues find comfort in their grief.”
The Board, Management and Staff of the National Bank of Rwanda also extended their deepest condolences to the Bank of Uganda, family, friends and all Ugandans on the passing of Prof Mutebile. Governor of the Bank of Uganda.
“Governor Tumusiime-Mutebile will be dearly missed for his great contribution in fostering cooperation and integration among our Central Banks in the EAC region, but most importantly will be remembered and celebrated for prevailing over bold and transformative monetary policy reforms.”
“His legacy will forever be cherished,” they said.
The Governor of Bank of South Sudan, Moses Makur Deng, and staff, said that while mourning Prof. Mutebile, had supported the Bank of South Sudan in terms of the capacity building and other related technical areas.
dfcu Bank and Monitor Publications Crown Season 7 Rising Woman Champions, Celebrating Uganda’s Top Women Entrepreneurs“He would be also remembered for restoring the economy of Uganda, ravaged by long periods of instability in 1970s and 1980s, through rigorous economic reform programmes.”
“May Almighty God rest his soul in eternal peace, grant solace and comfort to his family,” said Deng.
The Bank of Tanzania has received with great sorrow the sad news of the passing of Bank of Uganda Governor Prof. Emmanuel Tumusiime-Mutebile, which occurred this morning January 23, 2022 in Nairobi, Kenya, where he was undergoing treatment.
In their heartfelt condolences, Bank of Tanzania said Governor Tumusiime-Mutebile will be fondly remembered for his contribution, not only to make Bank of Uganda one of the leading central banks in the region and Africa in terms of autonomy, executing its mandate and use of technological advancements in its operations, but also in the East African Community’s Monetary Affairs Committee, as a leader and active member in cementing the role of central banks in the region as well as fostering economic cooperation and integration in the region.
The bank’s Governor Prof. Florens Luoga said: “Being a long-serving central bank governor in the region, Prof. Tumusiime-Mutebile played a vital role in guiding discussions in our EAC’s Monetary Affairs Committee meetings and contributed greatly to where the EAC central banks’ cooperation is today. We will greatly miss his leadership.”
“May his soul rest in eternal peace.”
The body of the Late Bank of Uganda Governor, Mutebile arrived at Entebbe airport on Tuesday evening.
It was received by Minister of ICT, Dr. Chris Baryomunsi, former Premier Ruhakana Rugunda, friends, and family members.
According to the program, Mutebile will be buried on Monday next week at his home in Kabale in western Uganda.
