For complicated economic situations in a growing country it needs more than just a governor, but someone with experience and record of accomplishment. Prof. Mutebile has set bar very high. A man who in 2013, was named Africa’s best Central Bank Governor has yet bounce back as Governor of all banks in Uganda after his contract expired on January 12, 2016, Serving his third term.

The 66-year-old’s who held this position for more than 15 years emerged favorite on a list that included Dr Louis Kasekende current deputy gouvernor BOU, Dr Waswa Balunywa current principle Makerere University Business School (MUBS), Dr Adam Mugume Currently the BOU executive director for research, Keith Muhakanizi Current permanent secretary and secretary to the treasury BOU,

Prof. Mutebile’s fourth term and arguably his last (given his age and health), is believed to be another great test for him.


Emmanuel Tumusiime-Mutebile 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 from 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”


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