27 January 1949 |
Kabale District, Uganda
|Alma mater||Durham University
Balliol College, University of Oxford
University of Dar es Salaam
|Occupation||Economist & Central Banker|
|Years active||1979 — present|
|Known for||Economics, Fiscal Discipline|
Bank of Uganda
Emmanuel Tumusiime-Mutebile PhD, is a Ugandan economist and banker. He is the Governor of Bank of Uganda, the central bank of Uganda. He was first appointed to that position on 1 January 2001, and was re-appointed for a second five-year term on 1 January 2006. In November 2010, he was re-appointed for a third five-year term, effective 12 January 2011.
Tumusiime-Mutebile was born on 27 January 1949, in Kabale District, southwest Uganda as one of nine children into a peasant family. He attended Kigezi High School for his O-Level studies (Grades: S1-S4). He then attended Makerere College School in Kampala, for his A-Level studies (Grades: S5-S6). In 1970, he entered Makerere University, where he was elected to the position of president of the university students' guild, with the intention of studying economics and politics.
He was forced to flee Uganda in 1972, after he gave a speech, publicly criticizing the expulsion of Asians from the country by Idi Amin. He fled to England, United Kingdom via Tanzania, and was able to finish his studies at Durham University. In October 1974 he began his post-graduate studies at Balliol College, Oxford, before returning to East Africa. He entered the University of Dar es Salaam, Tanzania to lecture and conduct research while pursuing his doctorate (PhD) in Economics. In 2009, Nkumba University, a private university based in Nkumba, near Entebbe, awarded him an honorary Doctor of Philosophy degree, in recognition of his "great contribution towards the development of Uganda’s financial sector".
Between 1979 and 1984, Tumusiime-Mutebile returned to Uganda and was appointed to several positions ranging from deputy principal secretary to the president at State House in 1979, to undersecretary in the Ministry of Planning in 1981, where he rose to Senior Economist, then Chief Economist. In 1984, he was promoted to Chief Economist to the Government of Uganda. 1992, he was appointed Permanent Secretary to the now combined Ministry of Finance Planning & Economic Development, a merger that he had advocated for, working under then the Minister of Finance, Gerald Ssendaula.
In January 2001, Tumusiime-Mutebile was appointed Governor of the Bank of Uganda, the country's central bank. He was reconfirmed in 2006 for a further five years. In January 2011, he began his third 5-year term, as governor of the Central Bank, making him the longest serving chief executive in the institution's history. He is credited with many of the sound economic policies adopted by the Uganda government at the urging of the Bank of Uganda during the 1990s and the first decade of the 2000s.
Tumusiime-Mutebile continues to focus on fiscal discipline. Whether working within the Ministry of Finance or at the central bank, he has been an important player in ensuring that Uganda has enjoyed two decades of economic progress.
Since 2006, he is a Visiting Professor in the Department of Economics at Makerere University, the oldest and largest university in Uganda. Tumusiime Mutebile is the Chancellor of the International University of East Africa (IUEA), a private university, established in 2011, with an urban campus in Kampala, Uganda's capital.
|Governor of Bank of Uganda
1 January 2001 – 1 January 2016
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- Weiwei, Hu (8 April 2009). "Uganda's Economy Remains Positive Despite Global Recession". English.Cri.Cn Quoting Xinhua. Retrieved 29 July 2014.
- Otage, Stephen (25 March 2014). "Varsity Names Mutebile Its New Chancellor". Daily Monitor. Retrieved 29 July 2014.