Dr Louis Kasekende Archives – CEO East Africa

Climate change and monetary policy: A tough conversation with African central bankers

by Paul MurungiAfrica Africa Banking & Insurance East Africa Finance Global News Government Agencies ICT Ministries, Agencies & Departments News & Analysis Politics & Government The Big StoryJanuary 27, 2025January 27, 2025

Travelling in rural Uganda and interacting with the population whose farming activities are imperiled by unprecedented rainfall patterns, one is likely to hear farmers who have worked the same land for decades say, “The seasons no longer speak to us in a language we understand.” Such words captured by Bank of…

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Prosecution of Kasekende, Bagyenda and others, over the irregular disposal of defunct banks’ assets delayed as DPP asks police to conduct further investigations

by CEO ReporterThe Big StoryJanuary 23, 2021January 23, 2021

Borrowers and owners of the defunct International Credit Bank (ICB), Greenland Bank and Cooperative Bank whose properties were taken over and sold by Bank of Uganda irregularly and at giveaway prices, will have to wait a little bit longer for justice to be served.CEO East Africa Magazine has learnt that…

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Noose tightens as DPP names Kasekende, Bagyenda and Sekabira as suspects in defunct banks mess

by CEO ReporterThe Big StoryAugust 7, 2020August 7, 2020

Borrowers and owners from the defunct International Credit Bank (ICB), Greenland Bank and Cooperative Bank whose properties were taken over and sold by Bank of Uganda, in a process that the Parliament of Uganda found to be flawed, could be close to getting justice as the Directorate of Public Prosecutions…

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Michael Atingi-Ego officially assumes office as Deputy Governor, Bank of Uganda

by Samuel MuhimbaCompany News FinanceAugust 3, 2020August 3, 2020

Dr Michael Atingi-Ego has taken over office as Deputy Governor, Bank of Uganda (BoU) effective August 03, 2020, replacing Dr Louis Kasekende who handed over office in January this year. Dr Atingi-Ego, a seasoned economist assumed his role today following his appointment by president Museveni on April 23, 2020. Museveni…

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CID confirms commencing investigations against Kasekende, Bagyenda and Sekabira

by The CEO Magazine TeamThe Big StoryJuly 5, 2020July 5, 2020

Slightly over two years after an investigation by the Parliamentary Public Accounts Committee on Commissions, State Authorities and State Enterprises (PAC – COSASE) ended, with stern recommendations to punish Bank of Uganda officials implicated in the wrongful and illegal closure and sale of 7 defunct banks, shareholders of the closed…

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Speaker, Rebecca Kadaga asks Finance Minister to explain why it is taking long to appoint Kasekende’s replacement at BoU

by CEO ReporterFinance Parliament The Big StoryFebruary 13, 2020February 14, 2020

The Speaker of Parliament Rt. Hon Rebecca Kadaga has summoned the minister of Finance Matia Kasaijja to appear before Parliament, next week on Thursday to update parliament on when a new Deputy Governor, Bank of Uganda will be appointed. Speaking in today’s plenary seating Kadaga reportedly was concerned that since…

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All eyes on State House for Kasekende’s replacement; as a hopeful Deputy Governor quietly vacates office and official house

by The CEO Magazine TeamThe Big StoryJanuary 15, 2020January 15, 2020

Report of the Presidential Tripartite Committee Dr Louis Kasekende, the former Bank of Uganda Deputy Governor, served Bank of Uganda for about 28 years and 13 of those as Deputy Governor, the second highest position at Uganda Central Bank. You would have expected a boisterous star-studded send-off with big speeches…

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CEO EA EXCLUSIVE: Bank of Uganda Deputy Governor, Dr. Louis Kasekende speaks out about his contract expiry

by Muhereza KyamuteteraThe Big StoryJanuary 9, 2020January 11, 2020

Dr. Louis Kasekende, the Bank of Uganda Deputy Governor whose contract has a few days to expire has spoken out for the first time, saying that he is serving his contract to its end and any decision after that is up to the appointing authority.Speculation has been rife in the…

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FINANCIAL DILEMMA: BoU needs fresh UGX 671bn in capital- Auditor General

by Alphred Rhyman AgabaFinanceOctober 18, 2019October 18, 2019

Bank of Uganda (BoU) is undercapitalised to a tune of UGX671.712Billion According to the Auditor General, John Muwanga this poses a risk to the Central Bank’s operations.Auditor General, John Muwanga says this financial position poses a risk to the Central Bank’s operationsThe details of the Central Bank’s woes are contained…

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