For what is a man profited, if he shall gain the whole world, and lose his own soul? (Matthew 16:26)
For what shall it profit a man, if he shall gain the whole world, and lose his own soul? (Mark 8:36)
My analysis
The Bank of Uganda governor Dr. Prof. Emanuel Tumusiime-Mutebile has died at the age of 72. Despite the media praises and religious hullabaloo, he lived a life of rebellion against the Lord Jesus Christ. He had a very serious drinking problem and it is believed that booze took him to the grave. Feasting on a bottle of whiskey a day was a daily routine for the late Dr.Mutebile. He had a lot of wealth but was not happy due to his rejection of the lord Jesus Christ.
He was the man that was used by the IMF and World Bank to implement the satanic neo-liberal reforms in Uganda that have ravaged hospitals, schools and the civil service. These reforms have impoverished the poor in Uganda through land grabbing and development induced displacements. Dr. Mutebile was a darling for Dictator Yoweri Museveni because he assisted him to loot the coffers of Uganda with impunity.
The truth is Dr. Mutebile worshipped Lucifer and was a neo-liberal thug that cared less about the poor. The scriptures say what is a man profited, if he shall gain the whole world, and lose his own soul? (Matthew 16:26). Let us all repent and give our lives to the lord Jesus Christ in order to escape eternity in hell. Salvation through the Lord Jesus Christ is a free gift. People are condemned to hell for rejecting this free gift. Amen.
Who will replace Mutebile?
https://observer.ug/news/headlines/72543-who-will-replace-mutebile
There is no
doubt that the fallen Bank of Uganda governor Emanuel
Tumusiime-Mutebile was an iconic figure, having spent at least 30 years
as a top economic and financial technocrat of the government of Uganda.
For
this, his replacement is poised to raise interest and excitement among
Ugandans and in the international banking and financial fraternity
abroad, where he was highly regarded.
During his tenure as the
Central Bank chief executive officer and board chairman, Mutebile won
several local and international awards, including the 2011 African
Central Bank Governor of the Year award at the annual World
Bank/International Monetary Fund meetings.
This came at the time when the country’s inflation was at its highest in years, and analysts attributed the situation to two main reasons; the lagging effects of the global financial crisis 2007–2008, as well as the political season that had witnessed a lot of spending by candidates.
Nevertheless, Mutebile
was hailed for having a major role in the high economic growth rates
for Uganda in the previous two decades. The two Bretton Woods
institutions were also the facilitators of Uganda’s economic
liberalization policy that took effect in the early 1990s, leading to
the divestiture of the then-ailing government corporations and
dissolving of national boards.
And, as the permanent secretary in
the ministry of Finance, Planning and Economic Development, Mutebile
was seen as the main architect of these and other policies. In December
2006, Makerere University appointed him an honorary professor in the
School of Economics and Management. And in 2009, Nkumba University
awarded him a honorary doctorate for his “outstanding skills as a
financial manager,” according to the university chancellor Dr Maggie
Kigozi.
One of the attributes Mutebile will be remembered for, is
his boldness in addressing critical matters. In 2010, he threatened to
resign if revenues from oil production, expected to then commence in
2011, were mishandled or not used in a way transparent all Ugandans.
He
told members of parliament that the money would be used to maintain
macroeconomic stability and to provide services for growth.
Unfortunately, he has died 11 years later, before oil production even
starts.
At the beginning of his tenure as governor, the born of
Kigezi threatened to resign if President Museveni agreed to bail out
businessman Hassan Basajjabalaba with Shs 21 billion to revive his
business. However, after mediated negotiations between him and the
president, Mutebile agreed to release the money after the businessman
deposited his land titles with the bank.
In 2012, under pressure
from parliament, a cabinet sub-committee grilled him over the
Basajjabalaba deal which was now at Shs 141 billion but he convinced
them that he was acting under instructions. The following day,
journalists reminded him about his vows to resign over Basajjabalaba.
"I
can assure you I am here for the long haul. There's is nothing that can
take me out of this seat except God. Therefore, the market shouldn't
worry about the rumblings in parliament. Nothing can take me out of
this seat. The Constitution gives only one person the right to take me
out of this position, and that is the president. It gives him only three
reasons: insanity, dishonesty and incompetence. As you can see, I am
not insane, and I am an honest man," he retorted.
In 2018, at
the Africa Block-Chain Conference in Kampala, Mutebile openly opposed
President Museveni for allowing digital currency or cryptocurrency,
saying it would encourage money laundering since it cannot be regulated.
Museveni
thereafter appealed to him to “be more inquisitive, not dogmatic”
before deciding on the issue. In the same year, Mutebile again opposed
Museveni and the government proposals to build a currency printing
factory to print Uganda’s currency locally, saying it would be costlier
and redundant as the economy moves towards digitization. That is the man
who, the appointing authority has to replace.
How Booze Is Driving Bank of Uganda Governor Prof Emmanuel Tumusiime Mutebile to His Grave
https://ugandansatheart.blogspot.com/2015/05/uah-how-booze-is-driving-bank-of-uganda.html
12 May 2015 Stephen K Muwambi
The story of Prof Mutebile's ill-health is common place. The man responsible for managing Uganda's economy is under-going treatment in South Africa.
But what is it really that is weakening the jolly and internationally renowned economist? The answer is right here in these pages. Just concentrate on reading.
Concerned pals of Mutebile, some of them fellow economists, doctors, working in Bank of Uganda and in government, opened up about their friend's heavy drinking habits. They say it must be the reason why his health is degenerating.
According to these sources, their friend has been literally feeding on the heaviest of whiskeys for a longtime
"When he gets inside the bar, Mutebile forgets anything to do with eating. He attacks booze with Red Banton's thirst and imbibe it with Gen Kahinda Otafiire's concentration," our informer within Mutebile's circles report.
On a good day, our informers narrate how Mutebile can drown two to three gigantic bottles of Red or Blue Label Whisky.
To make us understand clearly how heavy a drinker Mutebile is, our informers likened him to presidential advisor, John Nagenda. Old John is another dedicated fan of heavy whisky brands.
One of high end Ugandans, who knows Mutebile very well, says he normally takes his bitter at Mosa Courts Apartments. Mosa Courts are owned by the NRM second-in-command, Hajj Moses Kigongo.
He also drinks at Grand Imperial. This is when he has to attend Kampala Rotary meetings. The governor is a member of Rotary Club of Kampala Arch. When meetings have ended; he goes straight to Copper Bar. This bar is patronized by loaded members of society. Once inside, he finds his serving of whisky already done by waitresses. Then, he gets down to work at hand.
A journalist, who has covered functions that are attended by Mutebile, offers how organizers never miss to reserve whisky for the governor.
He recounts how Mutebile has been employing a youngman lately to lift his leg, while the governor is getting out and inside his luxurious bullet-proof limousine.
"The youngman walks by Mutebile's side just in case he slips to move faster and help him maintain balance," reports the journalist.
Looking at the governor at close range, the journalist offers, shows a man whose skin is dry and pale, for person of Mutebile's wealthier status.
Now medical doctors approached for this article warn of how heavy alcohol brands, taken on an empty stomach, can end up seriously affecting the partaker's internal organs such as the liver and kidneys.
"Alcohol taken in large quantities over a long time takes its toll on the liver and kidneys. Those organs sieves poison what we drink and feed on. Once one drinks heavily, the organs get overwhelmed by poison. What follows is that the heavy drinker's internal organs lose the body to eliminate poison and it accelerates his death,' doctors warn.
The professionals have talked. We have nothing useful to add, but to hope that the governor is taking heeding.
Bank of Uganda governor Mutebile dies in Nairobi
https://observer.ug/news/headlines/72527-bank-of-uganda-governor-mutebile-dies-in-nairobi
Tumusiime Mutebile voted best drinker
https://www.newvision.co.ug/news/1119479/tumusiime-mutebile-voted-drinker
Tue Aug 09 2005
Anybody
who has seen Emma drink will certainly agree that he is talented. I hope he opens up a drinking school
when he retires, because according to research done by the Australian National
University in Canberra, people who drink are better thinkers than teetotallers.
Ever wondered why Emma was the darling of the IMF and World Bank when he was secretary
to the treasury and why he was elevated to
governor, Bank of Uganda? Think about it!
QUESTION: TB, this Emmanuel Tumusiime-Mutebile chap, isn’t he the governor of
Bank of Uganda? That aside TB, is it also possible we could refer to him as
just Emma, because Emmanuel Tumusiime-Mutebile is a bit of a mouthful to keep
throwing out.
Okay, Emma it is then, and he is the
governor of Bank of Uganda. Emma, so it happens, is the toast of the nation,
after being voted the top drinker in the land, according to a report in one of
the Sunday papers.
I thought Emma was all into figures, interest rates, Treasury Bonds that sort of thing. So, I don’t see how
drinking comes into it.
Remember, Emma does not spend his free time pouring over spread sheets and
pondering about interest rates. After jobo, and if time allows, Emma,
just like you and I, will look for a place to go and have a guzzle.
TB, do you have any idea where he might go for a guzzle?
I have never seen him at Yakobos, The Deep in Ntinda, Just Kicking in
Kisimenti, Little Mama Bar or Capital Pub in Kabalagala. He is above that. He
probably goes to Sheraton Hotel, Kabira Club or Speke Resort Munyonyo.
And what might those drinks be TB? A Tyson Waragi, Eagle Larger or a Senator
beer?
Please. Can you see Emma guzzling down a Senator? Emma has been known to quaff
wine but he usually prefers Johnnie Walker whisky; black if not blue, which
goes for sh36,000 a tot.
Why would Emma want to spend sh36,000 on a tot of whisky? With that money,
he could buy himself a crate of beer and still have some change for a couple of
spare ribs of pork at Yakobos.
True, but as I said earlier, Emma is a refined man.
Anyway, getting back to the point, you said Emma was voted top drinker in
the land. Could you pour more light on that?
According to the report in the papers, Emma can really hold his guzzle. He is
not like you and I, who catch five bottles and start merrily singing. Emma apparently can handle a serious
session and still do his sums before he goes to bed. And while we are still
nursing our hangovers in bed the following morning, he is already in office
deliberating over interest rates with not so much as a hangover.
That is impressive. Who were the other top drinkers in the land?
Other notables included Kahinda Otafiire, Cardinal Emmanuel Wamala, Capital FM’s
Alex Ndawula, pastor Okudi look alike Patrick Oyulu, my colleague Kalungi
Kabuye, Pamela Kangwagye, among others.
Any last words of wisdom?
Anybody who has seen
Emma drink will certainly agree that he is talented. I
hope he opens up a drinking school when he retires, because according to
research done by the Australian National University in Canberra, people who
drink are better thinkers than teetotallers. Ever wondered why Emma was the
darling of the IMF and World Bank when he was secretary to the treasury and why
he was elevated to governor, Bank of Uganda? Think about it!
tbukumunhe@newvision.co.ug
