FinanceThe Big Story

With back-to-back court losses, how panicky BoU officials stampeded a reluctant Mutebile to move Crane Bank into liquidation On November 09th 2020, Bank of Uganda Governor, Professor Emmanuel Tumusiime Mutebile after rejecting a move to progress Crane Bank into liquidation since May 2019, finally agreed to make the move, that many commercial lawyers say is ill-advised. What chances of success does he have and what will be the next move from Dr. Sudhir’s camp?

Prof. Emmanuel Tumusiime-Mutebile, (1949-2022)
by Muhereza Kyamutetera
Getting your Trinity Audio player ready...
Prior to 2017 and for a long time, everyone knew Bank of Uganda Governor, Prof. Emmanuel Tumusiime Mutebile as a no-nonsense man. The tough-talking Mutebile, together with her iron-lady Executive Director Bank Supervision, Justine Bagyenda had what seemed like a good game going on. So infallible was Bank of Uganda at the time that when it closed National Bank of Commerce on 27th September 2012

Thank You For Reading CEO East Africa Magazine.

Please SUBSCRIBE for UNLIMITED ACCESS to our game-changing stories or LOG IN for existing members.

Tagged:
About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.