Kasekende Replaces Kaijuka
Sep 05, 2002
THE Government has nominated Bank of Uganda (BOU) deputy governor Dr. Louis Kasekende to replace Richard Kaijuka at the World Bank headquarters in Washington DC.
By Yunusu Abbey
THE Government has nominated Bank of Uganda (BOU) deputy governor Dr. Louis Kasekende to replace Richard Kaijuka at the World Bank headquarters in Washington DC.
“Finance minister Gerald Ssendaula sent Kasekende’s name to the World Bank Vice-President and Corporate Secretary (Cheikh Ibrahim Fall) last week after Kaijuka was recalled,†said a source.
“President Yoweri Museveni, who personally sanctioned Kaijuka’s withdrawal, gave Ssendaula the go-ahead to second Kasekende for the job,†said the source.
Kaijuka has been an alternate executive director at the bank representing 23 English- and Portuguese-speaking African countries.
He was due to become full executive director next month.
“Since the Government took the initiative to recall Kaijuka who is now under probe over a US$10,000 bribery allegation, we are optimistic the World Bank will accept Kasekende as his replacement,†said the source.
The New Vision has learnt that once the bank endorses Kasekende’s appointment, he will hold the post for two years, effective October 2002.
But both Ssendaula and Kasekende were unavailable for comment yesterday.
Kasekende, 44, who joined the BOU in December 1986 as a senior principal banking officer in the research department, was reported to be in London.
Kasekende, who marked his 44th birthday on August 29, was appointed BOU deputy governor on November 19, 1999 on a five-year renewable contract.
The source, however, dismissed Kaijuka’s claims that he had voluntarily resigned and that the Government had not withdrawn him from the World Bank.
“Mr. Kaijuka should be honest. It’s on record that Ssendaula wrote to him twice within one week alone informing him about the Government’s decision to recall him,†a source stated.
The source said Ssendaula’s first letter to the World Bank vice-president and copied to Kaijuka was dated August 20 while the second correspondence was written on August 27.
It was not clear if Kaijuka will return home immediately or stay in Washington till the successor takes up office.
On August 26, Kaijuka, 58, wrote to the World Bank vice-president, tendering his resignation effective October 31, 2002. It was copied to Museveni and Ssendaula.
But officials in Kampala, including Moses Byaruhanga, a political affairs private secretary to Museveni, have said the purported resignation letter was intended to pre-empt the Government decision to recall Kaijuka.
Kasekende, an economist, was enrolled in Makerere University in 1977 and graduated in 1980 with a first class degree in economics.
In 1982, Kasekende joined the University of Manchester, UK, where he obtained a diploma in econometrics and went back for his Masters degree in 1983.
In 1986, he got a PhD in econometrics from the same University of Manchester. Between July 1980 and September 1981, he was a special assistant.
From October 1982 to December 1983, he was a tutor, in the Department of Econometrics at the University of Manchester.
Ends
THE Government has nominated Bank of Uganda (BOU) deputy governor Dr. Louis Kasekende to replace Richard Kaijuka at the World Bank headquarters in Washington DC.
“Finance minister Gerald Ssendaula sent Kasekende’s name to the World Bank Vice-President and Corporate Secretary (Cheikh Ibrahim Fall) last week after Kaijuka was recalled,†said a source.
“President Yoweri Museveni, who personally sanctioned Kaijuka’s withdrawal, gave Ssendaula the go-ahead to second Kasekende for the job,†said the source.
Kaijuka has been an alternate executive director at the bank representing 23 English- and Portuguese-speaking African countries.
He was due to become full executive director next month.
“Since the Government took the initiative to recall Kaijuka who is now under probe over a US$10,000 bribery allegation, we are optimistic the World Bank will accept Kasekende as his replacement,†said the source.
The New Vision has learnt that once the bank endorses Kasekende’s appointment, he will hold the post for two years, effective October 2002.
But both Ssendaula and Kasekende were unavailable for comment yesterday.
Kasekende, 44, who joined the BOU in December 1986 as a senior principal banking officer in the research department, was reported to be in London.
Kasekende, who marked his 44th birthday on August 29, was appointed BOU deputy governor on November 19, 1999 on a five-year renewable contract.
The source, however, dismissed Kaijuka’s claims that he had voluntarily resigned and that the Government had not withdrawn him from the World Bank.
“Mr. Kaijuka should be honest. It’s on record that Ssendaula wrote to him twice within one week alone informing him about the Government’s decision to recall him,†a source stated.
The source said Ssendaula’s first letter to the World Bank vice-president and copied to Kaijuka was dated August 20 while the second correspondence was written on August 27.
It was not clear if Kaijuka will return home immediately or stay in Washington till the successor takes up office.
On August 26, Kaijuka, 58, wrote to the World Bank vice-president, tendering his resignation effective October 31, 2002. It was copied to Museveni and Ssendaula.
But officials in Kampala, including Moses Byaruhanga, a political affairs private secretary to Museveni, have said the purported resignation letter was intended to pre-empt the Government decision to recall Kaijuka.
Kasekende, an economist, was enrolled in Makerere University in 1977 and graduated in 1980 with a first class degree in economics.
In 1982, Kasekende joined the University of Manchester, UK, where he obtained a diploma in econometrics and went back for his Masters degree in 1983.
In 1986, he got a PhD in econometrics from the same University of Manchester. Between July 1980 and September 1981, he was a special assistant.
From October 1982 to December 1983, he was a tutor, in the Department of Econometrics at the University of Manchester.
Ends