Tumubweinee Twinemazi | 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 in 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, panelist and presenter at numerous workshops, seminar and industry events including but not limited to: training workshops for Mobile Money & Agency Banking in Uganda; Mobile Money & Digital Payments Africa 2015 Conference in Johannesburg-South Africa; Responsible Finance Forum IV held in Antalya-Turkey in 2015; Block Chain Technology Conference in Uganda in 2018; 2019 IMF Spring Meetings on Uganda’s experience with FSSR; Open Banking World Congress in 2019; IADI Africa Regional Committee Conference, 2019; and the Inclusive Fintech Forum of 2025. Dr Twine was a key member and contributor on the National AML Taskforce that was instrumental in getting Uganda off the FATF Grey List. He has 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. He is also the Chairman of the Anti-Fraud Consortium that brings together all financial sector regulators & their licensees, in addition to Industry Associations & law enforcement agencies for a coordinate response and management of fraud in the financial sector. Now as the Head of the newly established and nascent 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; and ensuring payment systems offered by Bank of Uganda are ISO 20022 compliant. These initiatives are over and above the objectives of this new Directorate that include licensing, regulation and oversight for ALL payment systems and their operators licensed to operate in Uganda On a different, note, Dr Twinemanzi is currently a Trustee, and was a past Hon Chairman and Hon Secretary of Entebbe Club, the oldest Golf Club in East Africa established in 1901. He is a avid golfer with an incurable passion for the game.