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World Bank Director Caught In Racism Slur Against Tycoon Sudhir Over Kasekende Quitting

A World Bank director has shocked people who held her in high esteem after she was caught in a web of racist comments on social media.

Anne Namara Kabagambe, the World Bank board director supervising 22 countries in Africa has been accused of uttering racism comments against Ugandan billionaire, Sudhir Ruparelia.

Kabagambe, a Rwandan who is schooled in American Universities including George Washington University, Columbia University and University of California San Diego, wrote a comment reacting on a tweet on Bank of Uganda handle which shared news that its Deputy Governor, Dr. Louis Kasekende had bid farewell to staff of the Central Bank.

BoU tweeted a story by Daily Monitor showing Dr Kasekende had bid farewell to staff. Breaking from the norm of congratulating the departing person and wishing them the best of luck, Kabagambe went after Sudhir in a native manner.

She wrote on January 21 at 5:15am: “The Indian Sudil (read Sudhir Ruparelia) lobbied him out of office.”

Later, Sudhir would call out Kabagambe as a “racist” who unfortunately is employed by the World Bank.

“What a racist? Yet working as director@WorldBank…” Sudhir responded.

It should be noted that Sudhir was born and schooled in Uganda and has made and invested most of his wealth in Uganda.

Comments that followed the thread expressed disappointment that Kabagambe had stooped so low.
Baluku Godfrey commented saying, “Why play a race card @Kabagambe? Is Dr @SudhirRuparelia1 part of the appointing authority? Am disappointed in you @akabagambe.”

Obam Andrew Esq said, “Even the best dancers leave the dance floor at some point , leave room for others , this is absolutely racist and should not be called for . There is a difference between a contract ending and being lobbied out of office , the score card better still gave the right indicator.”

The Twitter war followed the unceremonious exit of Dr Kasekende from the Central Bank after two terms.

Kasekende desperately wanted another term and reports indicated that he played out all his cards lobbying for a renewal but President Yoweri Museveni had taken his time to make a decision on the number two at Bank of Uganda.

Dr Kasekende and his allies now believe the turn of events for his career, was orchestrated by the allies of Mr Ruparelia, although the the scandals that have hit BoU in the recent past, could have closed his fate.

Dr Kasekende, 61 assumed office as Deputy Governor in January, 2010 and his contract ended last week.

Recently, Finance Minister Matia Kasaija revealed that he had written to Museveni about Kasekende’s contract but he was yet to receive any response from him because ‘he had a lot of things to do lately’.

It is understood that Museveni’s silence on the renewal of Kasekende’s contract meant he was not impressed with the work of the governors but honoured their contracts.

It was also revealed in the media that BoU work had suffered from cliques at the Central Bank that fight to bring each other down. The two camps were allied to either the Governor and his now former Deputy.

Additionally, in June last year, Members of Parliament raised concerns over the incessant scandals plaguing the country’s Central Bank following the recent mishap in which a consignment of printed currency flown into the country included extra cargo not on the bank’s documentation.

The scandal saw  State House’s anti-corruption Unit  arrest several bank officers.

Kasekende’s role in swallowing Sudhir’s Crane Bank

In 2018, it came to light that Dr Kasekende was part and parcel of the team that took part in the controversial sale of Crane Bank to dfcu in January 2017. Crane Bank belonged to property mogul Dr Sudhir.

On 19 April, 2018, Kasekende wrote to Attorney General protesting a forensic audit by Auditor General into the operations of the Central Bank among which led to the closure of Crane Bank.

In his letter, Kasekende said the investigative audit on the resolution process of Crane Bank Ltd (in receivership) offends the sub-judice rule.

However, Members of Parliament opposed his move saying that the Deputy Governor was trying to shield a mafia clique at the Central Bank which had done more harm than good to the economy of Uganda.

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