Three years with no Uganda Central Bank governor, and Museveni is a happy man

President Museveni has been able to get away with it because Uganda's economy has done well without the governor. Illustration | Joseph Nyagah | NMG

Uganda is close to achieving something no free country in peacetime has managed in the modern era. In under three months on January 24, 2025, it will notch three years without a substantive Central Bank governor.

Ever since the long-serving, cerebral and combative economist Emmanuel Tumusiime-Mutebile who was Governor of the Bank of Uganda (BoU) died on January 23, 2022, President Yoweri Museveni has not appointed a successor.