TANZANIA: MAGAFULI NAMES NEW CENTRAL BANK GOVERNOR

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Tanzania’s President John Magufuli

Tanzania’s President John Magufuli named tax law professor Florens Luoga, as new central bank governor, on Monday.

Professor Luoga would resume his new post later this year when current governor Benno Ndulu term of office expires.

The tax law professor was a member of the committees that investigated the country’s mining sector.

President Magufuli made the announcement while speaking at a ceremony to recognise members of two presidential committees that investigated allegations of tax evasion in exports of gold and copper concentrate in Tanzania.

Professor Luoga currently serves as the deputy vice chancellor of the University of Dar es Salaam, the largest public university of the east African country.

In July he was also appointed by Magufuli as chairman of the board of directors of the Tanzania Revenue Authority (TRA).

President Magufuli has ordered the country’s central bank to crackdown on capital flight by foreign investors companies.

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