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PRESIDENT MAGUFULI APPOINTS IN ADVANCE PROF. LUOGA THE NEW BOT GOVERNOR


President John Magufuli appoints tax law professor Florens Luoga to be the new central bank (Bank of Tanzania) governor.

President Magufuli said Luoga would take over in December or January after the tenure of current governor Benno Ndulu expires.

“I have decided to appoint a new governor for central bank from among members of the committees that investigated the mining sector,” Magufuli said.

He made the announcement at a ceremony to award certificates of recognition to members of two presidential committees that investigated allegations of tax evasion in exports of gold and copper concentrate.

Luoga currently serves as the deputy vice chancellor of the University of Dar es Salaam which is the largest public university.

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

Magufuli said he was aware many people expected him to appoint an economist as next governor.

 “Luoga is a professor of taxation law and he will help us strengthen checks on capital flight by some foreign companies that use tax havens.” Magufuli added.

The government accuses mining firms of cheating Tanzania out of its fair share of mineral wealth through tax dodging and smuggling, allegations they deny.

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

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