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Home Economic

Emmanuel Tutuba appointed Bank of Tanzania Governor

by Editor
08/01/2023
in Economic
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Emmanuel Tutuba appointed Bank of Tanzania Governor
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Tanzanian President Samia Suluhu Hassan on Saturday appointed Emmanuel Tutuba, previously a permanent secretary at the Ministry of Finance and Planning, to the position of Central Bank Governor.

Tutuba replaces Florens Luoga, who reached the end of his five-year tenure, and inherits an economy facing inflationary pressure – inflation stood at 4.9% in November, roughly a five-year high – as well as a softer currency as the result of global economic pressures associated with the Russia-Ukraine conflict.

Former Bank of Tanzania (BoT) Governor Florens Luoga whose five-year tenure has ended. PHOTO / COURTESY.

Tanzania’s finance minister in November said the East African country would increase spending in 2023 with a focus on infrastructure projects, and that its economy is expected to grow faster than the previous year.

SOURCE: REUTERS

Tags: #LatestBusinessNews#LatestTanzaniaBusinessNews#LatestTBWNews#TanzaniaBusinessNews
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