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BoU fighting for most critical asset; reputation

Bank of Uganda governor Tumusiime Mutebile

Bank of Uganda governor Tumusiime Mutebile

The music in the Bank of Uganda lift plays ever so softly. In the hallowed corridors, staff walk with a measured tread, wave at strangers with unmistakable grin – and chat almost in whispers not to disrupt those busy in the next room.

This is perhaps what life means when one works for the most important financial institution in the country – take it slow but surely. But as the central bank finds itself being the focus of unflattering public scrutiny, and its activities the subject of various public investigations, the institution faces its biggest stress test.

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