Emmanuel Mutebile will head the Bank of Uganda for another five years after his contract was extended by President Yoweri Museveni.
According to local reports, Mutebile’s contract was extended on the eve of Uganda’s parliamentary and presidential election last week. It was gathered that the details of the extension were not released because of Internet shutdown in Uganda.
The Acting Director communications at BoU, Mr Kelvin Kiyingi confirmed the development.
“We have learnt that the president has re-appointed Prof Emmanuel Mutebile as governor bank of Uganda for the next five years,” he said.
Mutebile will be appearing before the Parliamentary Committee for approval.
Mutebile, 71, has been at the helm of Bank of Uganda since 2001. The new term makes him one of the longest servicing governors of the Central Bank..
