https://sputnikglobe.com/20230108/tanzania-appoints-new-central-bank-governor-1106126029.html
Tanzania Appoints New Central Bank Governor
Tanzania Appoints New Central Bank Governor
Sputnik International
Tanzania’s President Samia Suluhu Hassan has appointed Emmanuel Mpawe Tutuba as the country’s central bank governor, as part of efforts to address the increasing cost of living.
2023-01-08T11:06+0000
2023-01-08T11:06+0000
2023-01-08T11:39+0000
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Tanzania’s President Samia Suluhu Hassan has appointed Emmanuel Mpawe Tutuba as the central bank governor as part of efforts to address the increasing cost of living.Tutuba assumes the position of governor following the retirement of Florens Luoga after a five-year tenure. Prior to the new appointment, which takes immediate effect, Tutuba was the permanent secretary in the Ministry of Finance and Planning. He becomes the eighth governor to take charge of the BoT. The newly-appointed governor inherits an economy struggling with high inflationary pressure. In November, Tanzania's annual inflation rate stood at a five-year high of 4.9%. The country's national currency, the Tanzanian shilling, has also been weakening in recent months as a result of global economic turbulence. According to the International Monetary Fund, consumer price growth in the East African country is projected to reach an annual average of 5.3% this year, higher than 2020's 4%. This week was marked by some high-profile appointments and layoffs in Tanzania. On Thursday, the president fired the permanent secretary of State House only two days after he was appointed. She likewise named another official to fill the position, giving no reason for the change.
https://sputnikglobe.com/20221224/tanzania-inaugurates-filling-channel-for-new-julius-nyerere-dam--1105752931.html
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tanzanian president samia suluhu hassan, dar es salaam, tanzania, east africa, bank of tanzania, central bank governor, inflation
tanzanian president samia suluhu hassan, dar es salaam, tanzania, east africa, bank of tanzania, central bank governor, inflation
Tanzania Appoints New Central Bank Governor
11:06 GMT 08.01.2023 (Updated: 11:39 GMT 08.01.2023) The Bank of Tanzania (BoT) is the central bank of the country responsible for formulating and implementing a monetary policy aimed at maintaining domestic price stability. Since 1966, the bank has had seven governors and 11 deputy governors.
Tanzania’s President
Samia Suluhu Hassan has appointed Emmanuel Mpawe Tutuba as the central bank governor as part of efforts to address the increasing cost of living.
Tutuba assumes the position of governor following the retirement of Florens Luoga after a five-year tenure. Prior to the new appointment, which takes immediate effect, Tutuba was the permanent secretary in the Ministry of Finance and Planning. He becomes the eighth governor to take charge of the BoT.
The newly-appointed governor inherits an economy struggling with high inflationary pressure. In November, Tanzania's annual inflation rate stood at a five-year high of 4.9%. The country's national currency, the Tanzanian shilling, has also been weakening in recent months as a result of global economic turbulence.
According to the International Monetary Fund, consumer price growth in the East African country is projected to reach an annual average of 5.3% this year, higher than 2020's 4%.
This week was marked by some high-profile appointments and layoffs in Tanzania. On Thursday, the president fired the permanent secretary of State House only two days after he was appointed. She likewise named another official to fill the position, giving no reason for the change.
24 December 2022, 11:03 GMT
