Parliament Queries Finance Over Delay in Filling Kasekende’s Position at BOU


The Speaker of Parliament, Rebecca Kadaga has directed the Minister of Finance to come and update the country on vacant position of the Deputy Governor of Bank of Uganda.

The position for the Deputy Governor fell vacant after President Museveni declined to a request to renew the contract term of the outgoing Deputy Governor, Louis Kasekende.

On Monday, January 13, Kasekende handed over instruments of office to the Governor Bank of Uganda, Emmanuel Mutebile after the expiry of his contract after all failed efforts to have his contract renewed.

While raising a matter of National Importance, Igara East Member of Parliament (MP), Michael Mawanda expressed concern that it is almost one month since the outgoing Deputy governor left office but he has not been replaced.

“We all understand how critical the Central Bank is and operating without a Deputy Governor may cause a lot of problems to our economy. I am currently processing a bill to amend the Bank of Uganda Act and there are questions that would be answered by the Deputy Governor but I went to the bank and no one would help me out,” Mawanda said.

He thus requested that government comes out to update the country on when the vacant position shall be filled.

In her ruling, Kadaga directed that the responsible Minister of Finance comes to Parliament on Thursday next week to brief the country over the matter.

Kasekende was appointed Deputy Governor in 2010 and his term was later renewed in 2015, however, he came to bad light after being accused of playing dirty deals by a number of witnesses who appeared before Parliament Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) probe on the closure of the seven defunct banks.

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