Adam Mugume has been named acting Deputy Governor replacing Dr. Louis Kasekende whose contract ended in January.
Mugume who has been working as the executive director for research, previously headed the modeling division between 2007 and 2010. He holds a PhD from Oxford University, UK, and a master’s degree in economics from the University of Botswana.
In a communication sent to the management and staff of Bank of Uganda on Friday evening after a special executive meeting presided over by Mr James Kahoza, Dr Mugume was unanimously selected to execute the duties of the deputy governor.
The communication signed by Mr Kahoza and copied to the governor (and also the board chair), Mr Emmanuel Tumusiime Mutebille, who was not present in the meeting, reads: “In exercise of the duties and powers of the board under section 10 of the Bank of Uganda Act (Chapter 51), the Board Members of the Bank of Uganda at a special meeting held on March 27, 2020, unanimously resolved to designate Dr Adam Mugume to perform the executive functions of the office of the Deputy Governor until a substantive deputy governor is appointed.”
