Jump to navigation

Vol 50 No 25

Published 18th December 2009


Tanzania

Banking on it

The credibility of the Tanzanian government's reform drive depends mostly on the Governor of the Bank of Tanzania, Benno Ndulu. The country is suffering both from a financial meltdown, which the government initially underplayed, and from a half-hearted crackdown on graft. Ndulu took over the BoT two years ago with a brief to staunch the losses arising from a multimillion-dollar foreign exchange fraud and to push through wholesale reforms. His policies are starting to work: some fraudsters face prosecution, although many more have got away with it.

End of preview - This article contains approximately 567 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you have a print subscription already, click here for a password that gives you full access to the website.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.