Tumubweine Twinemanzi

Ugandan economist

Tumubweine Twinemanzi is a Ugandan economist and central banker who, effective 7 February 2018, serves as the Executive Director of the Bank Supervision Directorate of the Bank of Uganda, the country's central bank and national banking regulator.

Prior to his appointment to his current position, he served as the Director of Industry Affairs and Content (Economic Affairs) at the Uganda Communications Commission.

Quotes edit

  • To transition to a climate-resilient and low-carbon economy, we need to adopt business models that foster economic growth and development, while ensuring that we do no harm to the environment and communities that we operate.
  • The central premise in Islamic Banking is that money, in itself has no intrinsic value, but rather it must be used to generate income through trade or investment in tangible assets where it derives its value. Any gain arising from the trading is shared between the party providing the capital and the one borrowing the money and providing the expertise.
  • The banks and their customers are partners, and share in a predetermined and agreed ratio, the profits or losses arising from this "joint venture"

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