Tanzania has lost former Central Bank Governor Benno Ndulu who died on Monday, according to the East African publication. Key Facts:Ndulu was appointed central bank governor after the sacking of his predecessor, Daudi Ballali, in 2008 following widespread graft allegations at the institution. He worked to rebuild public trust and confidence in Tanzania’s central bank. Ndulu is credited with implementing prudent policies and overseeing macroeconomic stabilisation that have underpinned Tanzania’s strong economic performance. Under his stewardship, the central bank licensed the country’s first two credit reference bureaux in a bid to reduce risks of lending and boost credit to the private sector.

Source: Standard Digital February 22, 2021 10:41 UTC