Prof. Emmanuel Tumusiime-Mutebile, the Governor Bank of Uganda (BoU) has made new appointments and transfers in BoU’s top management.
Justine Bagyenda, the long serving Executive Director at Uganda’s Central Bank has been relieved of her duties.
According to a statement dated February 7, 2017 obtained by Business Focus, Bagyenda has been replaced by Dr. Tumubweine Twinemanzi. The appointments and transfers take immediate effect. Christine Alupo, the Director-Communications at BoU confirmed this development. Mutebile said Bagyenda is retiring and will soon process her hand-over.
Bagyenda has been at the centre of the Crane Bank saga, a thing that has left BoU top bosses divided.
Cynthia Nakayizza has been appointed Assistant Director Banking Department (Operations) while Sophia Kironde Iwumbwe has been appointed Assistant Director Commercial Banking Inspections (Onsite.)