Just In: Kasekende Bids Farewell to Bank of Uganda Staff

Dr Louis Kasekende, who has served for a decade as the Deputy Governor Bank of Uganda has formally signed out, wishing “success for the future” and “God’s blessings” to the Bank’s staff.

Kasekende on Friday, just days after handing over, wrote to the Central Bank staff bidding them farewell.

“It has been a great honour to serve in the position of DG for the last 10 years. This is in addition to my first five-year term in the same position that stretched over the period 1999 to 2006,” he wrote in an internal memo.

Kasekende’s contract ended on January 14,2020.

As such, as we reported on Monday, he was compelled to step down and hand over office to his boss, the Governor; Prof Emmanuel Tumusiime Mutebile, as a contractual requirement.

This was after the Bank received no feedback from President Yoweri Museveni on whether or not Kasekende’s contract would be renewed.

In his farewell message seen by this website, Kasekende thanked the President for entrusting him with this grand duty.

“I express my profound gratitude to the appointing authority, H.E. President Museveni, for according me the opportunity to serve the Bank, and to represent the country in various continental and international assignments,” he wrote.


“I also thank the various Ministers of Finance, Governors and the Board of Directors of the Bank for the support over the many years I have served the Bank. Last but not least, I would like to thank you all for the love and tremendous support during my employment with BoU.”

The 61-year-old was appointed to the position back in January 2010.

Overall, he has served at the Central Bank for nearly three decades, working in various positions including Director of Research, Executive Director of Research and Policy before he became Deputy Governor.

“Excluding the years, I was at the World Bank and the AfDB, I have spent close to thirty years in total with BoU. thus many of my colleagues have become friends,” he said.

“As I reflect upon my time at the Bank. I am deeply grateful for all I have met. Serving our country is a worthwhile experience for all of us. We have jointly achieved a lot and should be proud of the tremendous progress for our Bank and our country.”

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