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EXCLUSIVE: UCC’s Twinemanzi Replaces Bagyenda as BoU Supervision Director

Governor Bank of Uganda Dr Emmanuel Tumusiime-Mutebile has replaced the Executive Director in charge of Supervision, Justine Bagyenda, Chimp Corps report.

Mutebile appointed Uganda Communications Commission (UCC) Director Industry Affairs and Content (Economic Affairs), Dr Tumubweine Twinemanzi to take over from Bagyenda.

The news has excited staff at UCC who believe the new appointment is a vote of confidence in the abilities of the institution’s human resource.

UCC Executive Director, Eng Godfrey Mutabazi, who is in London, says he was yet to receive official information about the development but that “If true, then I have no doubt that Dr Twinemanzi will manage that position.”

A golfer, Dr Twinemanzi has a PHD in Economics.

The latest development marks the beginning of Bagyenda’s exit from the Central Bank.

The once powerful official, whose era came under heavy criticism over the management of commercial banks in Uganda, is expected to retire soon.

BoU Communications Director Christine Alupo said she would speak to us after a meeting she was attending.

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It’s understood Bagyenda is preparing for retirement and is in a transitory process.

More Changes

Meanwhile, Mary Katarikawe will serve as Executive Director Operations while Joyce Okello is the new Executive Director and Personal Assistant to the Governor.

Richard Mayebo has been appointed Executive Director Risk and Strategic Management.

Other Executive Directors are Phillip Wabulya (Petroleum Investment Fund), Elliot Mwebya (Information Technology) and Deborah Kabahweza (Finance).

David Kalyango will serve as the Internal Auditor.

Mutebile also released a list of new directors: Dr Charles ABuka (Statistics), Dr Kenneth Egesa (Fianncial Stability), Valentine Ojangole (Banking), Olive Kamuli (Medical Administrator), Mackay Aumo (National Payments Systems).

Director in charge of Communications Christine Alupo has been transferred to head the Board Affair Department. She is being replaced by Charity Mugumya.

Hannington Waswa will take charge of the Commercial Banking Department while Ben Sekabira is the head of Financial Markets Development Coordination.

Edward Mugerwa is now the new director IT Operations Department .

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