Board of Directors, Management and staff of the Bank of Tanzania learned with extreme grief the passing on of Professor Benno Ndulu, the retired and 6th Governor of the Bank.

Prof. Ndulu, served as the Governor for 10 years from 2008 to 2018. He put the Bank on a stable course and steered the monetary sector to become a firm pillar in sustaining the economy. Under his firm leadership Tanzania enjoyed moderate inflation, stable exchange rate of the Tanzanian shilling and generally sound macro-economic indicators, including maintaining adequate foreign currency reserves.

Prof. Ndulu championed financial inclusion on the Continent and the world, a zeal that steered the Bank into undertaking massive initiatives to innovate and develop information technology to revolutionize the offering of financial services and bring on board the majority of the adult population, making Tanzania one of the best performers in financial inclusion in the world.

Prof. Benno J. Ndulu will remain the icon of the Bank and a luminant to guide its track in its second 50 years of operations. He commenced the track in June 2016.

We join the Tanzanian and international communities to express our heartfelt sympathies to the bereaved family, friends and all others who were graced with his charm, intellectual leadership, inspiration and his abundance of generosity.

The funeral mass will take place on Thursday 25th February 2021 at St. Peters Catholic Church from 1.00 pm followed by his internment at the Kinondoni cemetery at 4.00pm.

May his soul rest in eternal peace. Amen.