• Latest

Mutebile struggled to stabilize Ugandan Shilling, says FDC

January 24, 2022
Women in Leadership: Shaping the Future with Courage and Vision

Women in Leadership: Shaping the Future with Courage and Vision

October 22, 2025
Nyanjura Runs to Bisaka for Political Blessings

Nyanjura Runs to Bisaka for Political Blessings

October 22, 2025
VINAStech Advert

West Nile Region: President Museveni’s Message Focused on Consolidating Peace, Promoting Wealth Creation and Development

October 22, 2025
Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

October 22, 2025
63 Passengers Perish in Road Crash on Gulu Highway

46 Confirmed Dead as Police Revises Gulu Highway Death Toll

October 22, 2025
PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

October 22, 2025

Why Uganda’s mineral wealth has not translated into prosperity

October 22, 2025
63 Passengers Perish in Road Crash on Gulu Highway

63 Passengers Perish in Road Crash on Gulu Highway

October 22, 2025

All the reasons Mitooma voters are calling for Kyarampe to win the Woman MP seat

October 22, 2025

Namirembe Blessious: A New Voice Rising for Western Uganda’s Youth

October 21, 2025
Presidential Advisor rallies local artistes, radio presenters to canvas votes for Museveni

Presidential Advisor rallies local artistes, radio presenters to canvas votes for Museveni

October 20, 2025

Suzan’s Story: A Painful Reminder That HIV Is Still With Us

October 19, 2025
  • About Us
  • Internship
  • Contact Us
Wednesday, October 22, 2025
Parrots Media
No Result
View All Result
  • Login
  • News
    Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

    Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

    63 Passengers Perish in Road Crash on Gulu Highway

    46 Confirmed Dead as Police Revises Gulu Highway Death Toll

    PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

    PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

    63 Passengers Perish in Road Crash on Gulu Highway

    63 Passengers Perish in Road Crash on Gulu Highway

    Suzan’s Story: A Painful Reminder That HIV Is Still With Us

    Men Sucking Women’s Breasts Doesn’t Prevent Cancer, Oncologists

    Men Sucking Women’s Breasts Doesn’t Prevent Cancer, Oncologists

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
  • News
    Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

    Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

    63 Passengers Perish in Road Crash on Gulu Highway

    46 Confirmed Dead as Police Revises Gulu Highway Death Toll

    PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

    PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

    63 Passengers Perish in Road Crash on Gulu Highway

    63 Passengers Perish in Road Crash on Gulu Highway

    Suzan’s Story: A Painful Reminder That HIV Is Still With Us

    Men Sucking Women’s Breasts Doesn’t Prevent Cancer, Oncologists

    Men Sucking Women’s Breasts Doesn’t Prevent Cancer, Oncologists

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
No Result
View All Result
Parrots Media
No Result
View All Result
Home FEATURES OBITUARY

Mutebile struggled to stabilize Ugandan Shilling, says FDC

Admin by Admin
January 24, 2022
in OBITUARY, RELIGION
0
0
SHARES
0
VIEWS
Share on FacebookShare on X
By Tracy Acen Oiko and Mmeeme Leticia Luwenze,

OBITUARY:

The Forum for Democratic Change- FDC has morned the death of Bank of Uganda Governor, Prof Emmanuel Tumusiime Mutebile which occured yesterday in Nairobi.

READ ALSO

Because even in the house of God, not everyone who says “Hallelujah” means well

COU Head Criticizes Canterbury Appointment

“We extend our condolences to the family, BOU & the country upon the passing of Central Bank Governor Emmanuel Mutebile,” FDC mourns

However, they were quick to note that Governor Mutebile struggled to stabilize Ugandan Shilling during the critical time he served at the helm of the country’s central bank.

Prof. Mutebile died in the wee hours of Sunday at Aghakhan Hospital, Nairobi on life support.

Patrick Oboi Amuriat, the FDC president says Mutebile was held hostage by President Yoweri Museveni and “struggled throughout his tenure at Bank of Uganda to stabilize the shilling he undermined by printing extra money to sustain the regime.”

“Because of the over hatching influence of the regime on bank of Uganda, the economy is on drip,” he said on Monday.

He noted that Uganda borrows more than Shs 7 trillion annually to pay salaries of government employees and to fund other recurrent expenditure something he believes has kept interest rates high.

FDC further blames Prof Mutebile for the failing economy in the country.

ADVERTISEMENT

Blessed Vines ad

 

“Mutebile has been the regime’s principal economic advisor &he takes a big share of the blame for its failed economic policies. Bank of Uganda was turned into a Museveni wallet.” FDC said

FDC remimded Ugandans of the Sh19 billion which he (Mutebile) dished out to tycoon Basajjabalaba during his time as the Chairperson of the NRM entrepreneur’s league on orders of the president.

“Remember the first Shs 19 billion bailout to Bassajjabalaba, NRM chairman for entrepreneur’s league then and the Shs 142 billion fictitious compensation to the same man.”

FDC further accuses government of keeping hostage Prof Mutebile saying that he should have retired from office before his death.

“His death in Nairobi speaks volumes about the hailing health facilities in the country. And Mutebile did not have to die in office. He has been unwell for a number of years and ought to have vacated office”, FDC added

Mutebile’s fourth tenure of office had expired but in 2021, president Museveni re-appointed him as the governor of Bank of Uganda for the a fifth term.

This FDC believes there is something between Mutebile and Museveni.

Tags: Patrick Oboi AmuriatProf Emmanuel Tumusiime Mutebile

Related Posts

Because even in the house of God, not everyone who says “Hallelujah” means well
RELIGION

Because even in the house of God, not everyone who says “Hallelujah” means well

October 17, 2025
COU Head Criticizes Canterbury Appointment
RELIGION

COU Head Criticizes Canterbury Appointment

October 4, 2025
COU Head Criticizes Canterbury Appointment
News

Sarah Mullally named first female Archbishop of Canterbury

October 3, 2025
Mbarara Archdiocese Announces Major Priest Transfers
RELIGION

Mbarara Archdiocese Announces Major Priest Transfers

September 25, 2025
5,430 Recive Medical Services at AMDA Camp Rekindling Hope and Healing in Historic Pilgrimage
RELIGION

5,430 Recive Medical Services at AMDA Camp Rekindling Hope and Healing in Historic Pilgrimage

August 31, 2025
Centenary Bank Staff Among Two Killed in Kasese Road Tragedy
OBITUARY

St Augustine Seminary Clarifies Fatal Thursday Accident Involving Parent, Student

August 15, 2025
Next Post
Tough conditions as court grants bail to Kakwenze

Tough conditions as court grants bail to Kakwenze

POPULAR NEWS

Minister Amongi, Akena Scrapped from EC Voters’ Register Oops

Minister Amongi, Akena Scrapped from EC Voters’ Register Oops

September 3, 2025
Catholic Priest Speaks Out Against Museveni and Son’s Leadership

Catholic Priest Speaks Out Against Museveni and Son’s Leadership

February 16, 2025

“Life Is Scum”: Kabale University Student Leaves Suicide Note, Takes Own Life

July 25, 2025

Former IGP Okoth Ogola Dies

February 14, 2025

CAF Warns Fans Against Obscene and Politically Charged Jerseys at Namboole

August 20, 2025

EDITOR'S PICK

UNEB to release PLE, UCE results

UNEB to release PLE, UCE results

June 16, 2021

West Nile Region: President Museveni’s Message Focused on Consolidating Peace, Promoting Wealth Creation and Development

October 22, 2025
KCCA halts Ham’s Nakivubo redevelopment works despite Museveni’s nod

Fake Online Accounts Target Hamis Kiggundu Followers

October 7, 2025
Auditor general presents special audit report on COVID-19

Auditor general presents special audit report on COVID-19

November 23, 2022
VINAStech advert VINAStech advert VINAStech advert
ADVERTISEMENT

About

Parrots Media

A Public Relations and Media Services Company registered and licensed to operate in Uganda and the Great Lakes Region.

Follow us

Categories

  • Business
  • BUSINESS REPORTS
  • CLIMATE ACTION REPORTS
  • Climate Change
  • COMMUNITY REPORTS
  • Education
  • Entertainment
  • FEATURES
  • Health
  • Lifestyle
  • News
  • News
  • OBITUARY
  • Obituary
  • Opinions
  • RELIGION
  • Religion
  • Science and Technology
  • Sports
  • Sports and Entertainment
  • TOURISM

Recent Updates

  • Women in Leadership: Shaping the Future with Courage and Vision
  • Nyanjura Runs to Bisaka for Political Blessings
  • West Nile Region: President Museveni’s Message Focused on Consolidating Peace, Promoting Wealth Creation and Development
  • Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines
October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
  • About Us
  • Internship
  • Contact Us

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

No Result
View All Result
  • Parrots Media
  • News
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Lifestyle
  • Others
    • Climate Change
    • Education
    • Religion
    • Opinions

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

You cannot copy content of this page