President Museveni has reappointed Dr Louis Kasekende as Deputy Governor of the Bank of Uganda for a five-year term. Dr Kasekende will assume his duties today, indicated a statement released yesterday by Governor Emmanuel Tumusiime-Mutebile.
“Dr Kasekende brings more than 30 years’ experience of central banking, macroeconomic management and international finance to the post. This is the second time which Dr Kasekende has held the post of Deputy Governor,” Prof. Mutebile said in the statement sent to Daily Monitor.
Dr Kasekende, who began his career with the Bank of Uganda in 1986, rose to the post of deputy governor to which he was first appointed in 2000.
He also served as the Executive Director to the World Bank from 2002 to 2004, representing 22 African countries, including Uganda, on the Executive Board of the World Bank.
In 2006, he left Bank of Uganda to serve as Chief Economist at the Africa Development Bank, during which time he played a leading role in the ADB’s efforts to help African economies withstand the impact of the global economic crisis. His contract at ADB ended in 2009.
Man of letters
Dr Kasekende holds a first class BA degree from Makerere University and a Masters degree and a doctorate in economics from the University of Manchester.
Over the past two-and-half decades, Dr Kasekende has built a strong track record as a seasoned economist cum banker. In his 17 years at the BoU, he has held several responsibilities including Director of Research and Executive Director of Research and Policy.