Theatre of war: Mutebile, Kasekende camps feud as BoU power struggle deepens

Mutebile Vs Kasekende

By Kagenyi Lukka

Being the governor bank of Uganda is perhaps the most coveted government job. Depending on how one chooses to look at it; from the finances, the prestige, and the influence on the national political economy and other heavy perks that come with it.

As per the House Committee report on Commissions, Statutory Authorities and State Enterprises of May 2015,the central bank governor earns Uganda shillings 53 million which makes him the highest paid government worker. .

Despite all his weaknesses including his ailing health condition and old age, the current governor, Emmanuel Tumusiime Mutebile has been recognized as true performer both locally and internationally.

The American (USA) Biological Institute recognized Mutebile as an outstanding contributor to Uganda in 2009. In 2011 and 2013, the Africa Banker Magazine and African Investor Group (Ai), respectively, named him the Central Bank Governor of the Year in Africa.

Victoria University

Emmanuel Tumusiime Mutebile (Prof), whose contract runs out as Bank of Uganda governor runs out in 2021, finds himself in bitter succession feud with his deputy, Dr Louis Kasekende.

Our highly placed sources that preferred to remain anonymous intimated that, camps, infighting, accusations of sabotage have sprung up again as staff try to position themselves to eat big when Mutebile finally leaves stage.

‘Kasekende has created a team of directors and other people that he thinks he will work with when he takes over, he also has a print in the recruitment process at the institution’ A source said.

The source added, ‘He built this group slowly especially when the governor would be away for sick leave. Together with Bagyenda, they were determined to take over the bank’

The revelations by this source correlate with what has been openly said about his reckless role in the donation of crane bank, a formerly glorious local bank.

Indeed, looking at the current BoU structure Kasekende directly supervises directorates such as IT, Administration, Finance, Operations and the bank secretary directly reports to him.These are critical areas at the bank of Uganda which undoubtedly give Kasekende an advantage over any other official at BoU that would be interested in the Governor’s role.

For instance, while the deputy legal, Mr. Isaac Bony Teko, openly protested the recruitment process of the legal clerk, the deputy governor nonetheless ratified the process that was well riddled with flaws.

In a scathing letter, Mr Bony bemoaned the July 27th interviews that were conducted where the best candidate was reportedly underrated by one of the panel members.

“I have conscientiously decided to withdraw my signature from the interview results for legal Clerks,” Teko wrote, “I don’t want to be party to an overt injury to an innocent person. We keep creating new problems from the debris of old problems. We have postponed taking courageous steps to restore honor to our systems.”

Another panel member described the exercise as an embarrassment and withdrew his signature. The process has since then been subjected to internal audit.

In another twist of events, bank of Uganda was in July hit by power outages. As a result, the bank failed to connect with other international banks because of power outages that hampered internet connectivity at the bank.

All this happened despite the fact that the bank had spent millions procuring two power lines. Even the bank’s uninterrupted power source (UPS) was faulty.

Ensuring stable power supply in the bank falls in the operations directorate that Louis Kasekende supervises on a daily. Could this be described as sabotage?

Kasekende’s power struggles can only be exposed, one at time. Only time can tell if he has genuinely served the bank and the country to deserve what he is dying to get.

Kagenyi Lukka, the author, is a current affairs analyst and aspiring MP Ikiiki County.



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