Emmanuel Tumusiime-Mutebile
Encyclopedia
Emmanuel Tumusiime-Mutebile PhD
, is a Uganda
n economist
and banker. He is the Governor of Bank of Uganda
, the central bank
of Uganda
. He was first appointed to that position on 1 January 2001, and was re-appointed for a second (2nd) five-year term on 1 January 2006. In November 2010, he was re-appointed for a third (3rd) five-year term, effective 12 January 2011.
, southwest Uganda as one of nine children into a peasant family. He attended Makerere College School
in Kampala
, for his high school education. In 1969, he entered Makerere University
, where he was elected to the position of president of the university students' guild, with the intention of studying economics
and politics
.
He was forced to flee Uganda in 1972, after he gave a speech, publicly criticizing the expulsion of Asians from the country by Idi Amin
. He fled to England
, United Kingdom
via Tanzania
, and was able to finish his studies at Durham University
. In October 1974 he began his post-graduate studies at Balliol College, Oxford
, before returning to East Africa
. He entered the University of Dar es Salaam
, Tanzania
to lecture and conduct research while pursuing his doctorate (PhD
) in Economics
.
to the Government of Uganda. 1992, he was appointed Permanent Secretary to the now combined Ministry of Finance Planning & Economic Development
, a merger that he had advocated for, working under then the Minister of Finance, Gerald Ssendaula
.
In January 2001, Tumusiime-Mutebile was appointed Governor
of the Bank of Uganda
, the country's central bank. He was reconfirmed in 2006 for a further five years. He is credited with many of the sound economic policies adopted by the Uganda government at the urging of the Bank of Uganda during the 1990s and the first decade of the 2000s.
Tumusiime-Mutebile continues to focus on fiscal discipline. Whether working within the Ministry of Finance or at the central bank, he has been an important player in ensuring that Uganda has enjoyed a decade and a half of economic progress.
PHD
PHD may refer to:*Ph.D., a doctorate of philosophy*Ph.D. , a 1980s British group*PHD finger, a protein sequence*PHD Mountain Software, an outdoor clothing and equipment company*PhD Docbook renderer, an XML renderer...
, is a Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
n economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
and banker. He is the Governor of Bank of Uganda
Bank of Uganda
The Bank of Uganda is the Central Bank of the Republic of Uganda. Established in 1966, by Act of Parliament, BOU is 100% owned by the Government of Uganda, but is not a government department.-Organization and Governance:...
, the central bank
Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
of Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
. He was first appointed to that position on 1 January 2001, and was re-appointed for a second (2nd) five-year term on 1 January 2006. In November 2010, he was re-appointed for a third (3rd) five-year term, effective 12 January 2011.
History
Tumusiime-Mutebile was born on 27 January 1949, in Kabale DistrictKabale District
Kabale District is a district in Western Uganda. As with most other Ugandan districts, it is named after its 'chief town', Kabale. It was originally part of the district of Kigezi, before the districts of Rukungiri, Kanungu and Kisoro were peeled off to form separate districts.-Location:Kabale...
, southwest Uganda as one of nine children into a peasant family. He attended Makerere College School
Makerere College School
Makerere College School is a mixed, middle and high school in Uganda. It is predominantly a day-school, but it does have limited boarding facilities.-Location:...
in Kampala
Kampala
Kampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
, for his high school education. In 1969, he entered Makerere University
Makerere University
Makerere University , Uganda's largest and second-oldest higher institution of learning, , was first established as a technical school in 1922. In 1963 it became the University of East Africa, offering courses leading to general degrees from the University of London...
, where he was elected to the position of president of the university students' guild, with the intention of studying economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
and politics
Politics
Politics is a process by which groups of people make collective decisions. The term is generally applied to the art or science of running governmental or state affairs, including behavior within civil governments, but also applies to institutions, fields, and special interest groups such as the...
.
He was forced to flee Uganda in 1972, after he gave a speech, publicly criticizing the expulsion of Asians from the country by Idi Amin
Idi Amin
Idi Amin Dada was a military leader and President of Uganda from 1971 to 1979. Amin joined the British colonial regiment, the King's African Rifles in 1946. Eventually he held the rank of Major General in the post-colonial Ugandan Army and became its Commander before seizing power in the military...
. He fled to England
England
England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...
, United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
via Tanzania
Tanzania
The United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...
, and was able to finish his studies at Durham University
Durham University
The University of Durham, commonly known as Durham University, is a university in Durham, England. It was founded by Act of Parliament in 1832 and granted a Royal Charter in 1837...
. In October 1974 he began his post-graduate studies at Balliol College, Oxford
Oxford
The city of Oxford is the county town of Oxfordshire, England. The city, made prominent by its medieval university, has a population of just under 165,000, with 153,900 living within the district boundary. It lies about 50 miles north-west of London. The rivers Cherwell and Thames run through...
, before returning to East Africa
East Africa
East Africa or Eastern Africa is the easterly region of the African continent, variably defined by geography or geopolitics. In the UN scheme of geographic regions, 19 territories constitute Eastern Africa:...
. He entered the University of Dar es Salaam
University of Dar es Salaam
The University of Dar es Salaam is a university in the Tanzanian city of Dar es Salaam. The university was born out of a decision taken in 1970 to split the then University of East Africa into three independent universities; Makerere University , University of Nairobi and University of Dar es...
, Tanzania
Tanzania
The United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...
to lecture and conduct research while pursuing his doctorate (PhD
PHD
PHD may refer to:*Ph.D., a doctorate of philosophy*Ph.D. , a 1980s British group*PHD finger, a protein sequence*PHD Mountain Software, an outdoor clothing and equipment company*PhD Docbook renderer, an XML renderer...
) in Economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
.
Career
Between 1979 and 1984, Tumusiime-Mutebile returned to Uganda and was appointed to several positions ranging from deputy principal secretary to the president at State House in 1979, to undersecretary in the Ministry of Planning in 1981, where he rose to Senior Economist, then Chief Economist. In 1984, he was promoted to Chief EconomistChief economist
The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis...
to the Government of Uganda. 1992, he was appointed Permanent Secretary to the now combined Ministry of Finance Planning & Economic Development
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
, a merger that he had advocated for, working under then the Minister of Finance, Gerald Ssendaula
Gerald Ssendaula
Gerald Majera Ssendaula is a retired Ugandan Politician, Banker, and a Farmer who was a Former Cabinet Minister and MP Member of Parliament born May 15, 1943, Kyabbogo Village, Kingo Subcounty, Masaka District carved out to form the present Lwengo District....
.
In January 2001, Tumusiime-Mutebile was appointed Governor
Governor
A governor is a governing official, usually the executive of a non-sovereign level of government, ranking under the head of state...
of the Bank of Uganda
Bank of Uganda
The Bank of Uganda is the Central Bank of the Republic of Uganda. Established in 1966, by Act of Parliament, BOU is 100% owned by the Government of Uganda, but is not a government department.-Organization and Governance:...
, the country's central bank. He was reconfirmed in 2006 for a further five years. He is credited with many of the sound economic policies adopted by the Uganda government at the urging of the Bank of Uganda during the 1990s and the first decade of the 2000s.
Tumusiime-Mutebile continues to focus on fiscal discipline. Whether working within the Ministry of Finance or at the central bank, he has been an important player in ensuring that Uganda has enjoyed a decade and a half of economic progress.
External links
- Bank of Uganda Homepage
- Tumusiime-Mutebile's Date of Birth
- Profile of Tumusiime-Mutebile
- Profile At Findarticles.com
