Professor Emmanuel Tumusiime-Mutebile was one of Uganda’s most distinguished economists and public servants, whose career spanned over four decades of transformative service to his country and the African continent. Renowned for his integrity, intellectual rigor, and unwavering commitment to sound economic governance, he remains a towering figure in Uganda’s modern economic history.
Between 1979 and 1984, Professor Tumusiime-Mutebile served in several senior government positions, marking the beginning of his enduring contribution to national development. He was appointed Deputy Principal Secretary to the President at State House in 1979, before moving to the Ministry of Planning in 1981 as Undersecretary. There, he rose steadily through the ranks to become Senior Economist and later Chief Economist in 1984.
His work during this period laid the foundation for Uganda’s economic recovery and reform agenda. In 1992, he was appointed Permanent Secretary to the newly merged Ministry of Finance, Planning and Economic Development, a consolidation he had strongly advocated for while serving under Minister of Finance, Gerald Ssendaula. This merger strengthened policy coordination and fiscal discipline, setting Uganda on a path toward macroeconomic stability.
In 2001, Professor Tumusiime-Mutebile was appointed Governor of the Bank of Uganda, a position he held with distinction until his passing in 2022. He became the longest-serving Governor in the Bank’s history and, at the time of his death, Africa’s longest-serving central bank governor.
His tenure was marked by steadfast leadership, independence of the central bank, and the pursuit of prudent monetary policies. He is widely credited with shaping and championing the sound macroeconomic reforms of the 1990s and early 2000s, which stabilized inflation, strengthened financial institutions, and restored confidence in Uganda’s economy. Under his stewardship, the Bank of Uganda became a respected institution both regionally and internationally.
Professor Tumusiime-Mutebile’s legacy in central banking is defined by:
Strong institutional independence
Fiscal discipline and transparency
Long-term economic stability
Development of Uganda’s financial sector
Beyond public service, Professor Tumusiime-Mutebile was deeply committed to education and mentorship. From 2006, he served as a Visiting Professor in the Department of Economics at Makerere University, Uganda’s oldest and most prestigious institution of higher learning. There, he inspired generations of students with his practical insights and academic excellence.
He also served as Chancellor of the International University of East Africa, a private institution established in 2011, further demonstrating his dedication to nurturing future leaders.
In recognition of his exceptional contribution to Uganda’s financial sector, Nkumba University awarded him an Honorary Doctor of Philosophy degree in 2009, honoring his lasting impact on national development.
Professor Emmanuel Tumusiime-Mutebile’s legacy is one of visionary leadership, ethical governance, and unwavering public service. He believed in building strong institutions, investing in human capital, and creating systems that empower future generations.
His life’s work continues to inspire policymakers, economists, students, and leaders across Africa. Through the Tumusiime-Mutebile Foundation, his vision of “A Better World for Everyone” lives on—driven by his belief that each individual has the power to be a “Gift to the World.”
Professor Emmanuel Tumusiime-Mutebile passed away in Nairobi on 23rd January 2022 at the age of 72. Uganda lost a national treasure, but his legacy endures through the institutions he strengthened, the policies he shaped, and the lives he touched.