Deputy Governor Bank of Uganda, Dr. Louis Kasekende has reportedly handed over office after expiration of his contract.
Kasekende, according to officials at the Central Bank, handed his office to his boss the Governor, Prof Emmanuel Tumusiime Mutebile.
Sources told this website that Kasekende’s contract ended today, and without news of its renewal, he stepped aside.
The Central Bank reportedly wrote to President Yoweri Museveni informing him about the impending expiration of the contract, but to date he had not responded.
According to the source, Kasekende’s handing over was a contract requirement.
“As per Bank (of Uganda) provisions, upon the end of contracts, we have to hand over to our supervisors, so he (Kasekende) had to hand over to the boss,” the source said.
Kasekende just concluded his second term as Deputy Governor, Bank of Uganda.
The 61-year-old was appointed to the position back in January 2010.
Overall, he has served at the Central Bank for 33 years, working in various positions including Director of Research, Executive Director of Research and Policy before he became Deputy Governor.
Bank of Uganda Communications Director Mrs Charity Mugumya could not confirm the hand over, telling us she was out of office at the moment.