23 October 2017

Tanzania: Magufuli Appoints New BoT Governor

Photo: The Observer
Professor Florens Luoga

Dar es Salaam — President John Magufuli appoints Professor Florens Luoga the new Bank of Tanzania (BoT) governor.

The President revealed this during a ceremony to hand over certificates of appreciation to the members of the team that negotiated an agreement between the government and Barrick Gold Mining Corporation following a mineral export dispute.

Prof Luoga will take over from Professor Benno Ndulu, whose second five year term expires in January 2018.

Prof Luoga also sat in the team that negotiated with Barrick and is also the chairman of the board of Tanzania Revenue Authority (TRA), a position he was named to in July this year by President Magufuli.

"I know Prof Ndulu's term will come to an end at the end of this year or in January... I am therefore appointing Prof Luoga to be the next BoT governor," said president Magufuli.

The President asked the outgoing governor to quickly facilitate the take over of his successor.

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