Dr Tumubweinee Twinemanzi

TUMUBWEINEE TWINEMANZI Ph.D Executive Director National Payment Systems - Bank of Uganda Tumubweinee Twinemanzi aka “Twine” has a PhD in Economics, an Msc Economics, and a MS in Management & Administrative Sciences all from the University of Texas at Dallas, USA. He has received training in: Quantitative Competition Analysis at the Barcelona Graduate School of Economics, and in Utility Regulation and Strategy at the University of Florida – Gainesville. At the University of Texas at Dallas, he taught Mathematics for Economists for undergraduates, and Advanced Macroeconomics to graduate students. Dr.Twine has over 15 years of combined experience in Retail Banking, Telecommunications regulation, Digital Finance policy, and in structured finance for greenfield infrastructure projects in Uganda. Prior to his current role as the Executive Director National Payment Systems since August 2024, he was the Executive Director Supervision at the Bank of Uganda from March 2018. Prior to joining Bank of Uganda, Dr Twine was the Director Industry Affairs and Content Development at the Uganda Communications Commission (UCC), the regulator for the telecommunications, broadcasting and postal sub-sectors in Uganda. At the UCC, Dr Twine held brief over three areas within the communications sector, namely: ensuring effective competition in the sector; maximizing consumer welfare; and the regulation of broadcasting content in the communications sector of Uganda. At the UCC, he was pivotal in the establishment of an inter-agency collaboration framework between the central bank of Uganda (BOU) and the UCC for the co-regulation of the mobile money ecosystem in Uganda. As the head of the Supervision Directorate at the Bank of Uganda, Dr. Twine was tasked with providing risk-based oversight over the prudential operation of both deposit taking financial institutions and for non-bank financial institutions; in a manner that ensured financial system stability, soundness and resilience. This required being cognizant and adaptable to the dynamism and innovation that is increasingly prevalent in the way financial intermediation is conducted in Uganda; and ensuring that the regulation and supervision thereof is equally as agile and responsive. In addition, he has been a facilitator at a training workshop for Mobile Money and Agency Banking organized by the IMF and BOU in Uganda; presented at the Mobile Money & Digital Payments Africa 2015 Conference in Johannesburg-South Africa on maintaining a balance between innovation and regulation in mobile money ecosystems. He was an invited panelist at the Responsible Finance Forum IV held in Antalya-Turkey in September 2015, and more recently was an invited panelist representing Bank of Uganda at the very first Block Chain Technology Conference in Uganda in 2018. Dr. Twinemanzi was an active contributor to: the Focus Group at the ITU on Digital Financial Services, and in the development of the Terms of Reference for its successor Focus Group that evalauted the potential of Digitally Issued Fiat Currency. He has presented at the 2019 IMF Spring Meetings on Uganda’s experience with Financial Sector Stability Review (FSSR) mechanism; been a invited panelist at the Open Banking World Congress held in London, UK in 2019; and presented on Uganda’s Experience with Bank Resolution at the IADI conference held in Kampala-Uganda in 2019. He has also been a moderator at Seminar organized by the International Growth Centre convened to discuss the drivers of the high interest rates in Uganda. Dr Twine was a key member and contributor on the National AML Taskforce that was instrumental in getting Uganda off the FATF Grey List. This is in addition to having represented Bank of Uganda on the National Taskforce for Fourth Industrial Revolution Technologies that was tasked to develop a national strategy and roadmap to guide the adoption, application and regulation of 4IR technology by the Government of Uganda. Now as the Head of the newly established National Payment Systems directorate at Bank of Uganda, Dr Twinemanzi is now directly responsible for the delivery of key initiatives in the payments ecosystem space, namely: the Uganda National Payments Switch; the RTGS upgrade system; monitoring and evaluation of the National Financial Inclusion Strategy for Uganda 2023-2028; Bank of Uganda compliance with the worldwide deadline for implementation of ISO 20022. These initiatives are over and above the objectives of this new Directorate that include: operation & maintenance of a payment system (RTGS, EFT, ACH etc); licensing, regulation and oversight on ALL Uganda licensed based payment systems and their operators in Uganda On a different, note, Dr Twinemanzi is currently a Trustee and one of the past Chairmen of Entebbe Club, the oldest Golf Club in East Africa that was established in 1901. He is a avid golfer with an incurable passion for the game.