BUSINESS
Tanzania has lost former Central Bank Governor Benno Ndulu who died on Monday, according to the East African publication.
Quoting his personal assistant Msafiri Nampesya, to the weekly publication reported that the ex-governor was admitted for more than 10 days before he died.
Benno Ndulu was born on January 23, 1950 and was appointed to the position on 8, 2008.
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.
He presided over strong economic growth averaging 7 per cent a year while bringing down the annual inflation rate to single-digit levels from a peak of 20 per cent in December 2011.
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