THE President has re-appointed Prof. Emmanuel Tumusiime Mutebile as governor of Bank of Uganda for another five-year term.
A September 21 letter to Parliament Speaker Edward Ssekandi said Mutebileâ€™s third term would commence on January 12, 2011.
He has been governor since December, 2000. Mutebile yesterday appeared before the parliamentary appointments committee, chaired by Ssekandi, for vetting.
Sources that attended the meeting said Mutebile was approved by the committee because of â€˜his clean track recordâ€™ and relevant experience. Later, Mutebile told journalists that he was excited about the appointment, promising to make Ugandaâ€™s economy stronger.
â€œI told you that we will not be affected by the economic crisis and you said I was lying. Who is now a liar? In these five years, the economy will grow stronger and stronger with over 10% real GDP growth per annum,â€ Mutebile said.
Born in 1949, Mutebile holds BA joint honours degree in economics and politics from Durham University, UK, an MA equivalent from Oxford University and an honorary professorship in economics and management from Makerere University.