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Former Bank of Tanzania Governor Prof. Benno Ndulu is the winner of the 2018 African Bankers Central Bank Governor of the Year Award in recognition of his contribution to financial inclusion and increased access to banking services in Tanzania. This is the third such recognition for him. He also received such awards in 2009 and 2015.

Prof. Ndulu was honoured this evening at the ongoing annual meetings of the African Development Bank (AfDB) in Busan, South Korea. The Executive Director of the AfDB for the East Africa region, Dr. Namajeje Weggoro, received the award on behalf of the former Governor.

The award is being granted to me and through me the BoTI requested and organisers agreed that Dr. Namajeje Weggoro, the Executive Director at the AfDB for East Africa Constituency to receive this award on my behalf. I had not known then about BoT Deputy Governor Julian Banzi Raphael participation at the AfDB annual meetings, otherwise he could have on behalf, he said in a telephone interview in Dar es Salaam.

According to African Banker Group Publisher and Managing Director, Mr. Omar Ben Yedder, the magazines awards committee chose Prof. Ndulu from amongst his peers to be the winner of the African Banker Central Bank Governor of the Year Award.

Prof. Ndulu has been honoured in recognition of his considerable achievements during his term as Governor, most notably in championing financial inclusion and overseeing increased access to banking services for over 70 per cent of Tanzanias population.

 In this respect, you are a pioneer, both in Africa and globally. You have also been a frontrunner in terms of regulation and maintaining cautious oversight of the banking sector as a whole, as well as encouraging probity and best practice in the industry, he said in an invitation letter to the award winning ceremony.

The awards giving ceremony brought together key banking industry players and top government officials from Africa and around the world to honour the achievements of institutions and individuals who have contributed immensely to the reform, modernization and expansion of the continents banking and financial sector, whilst driving Africas sustained economic growth.

It is the third time Prof. Ndulu, is being recognized as the Best Central Bank Governor in Africa. The first time was in 2009, when he was awarded by Emerging Markets magazine during the Annual Meetings of the World Bank and International Monetary Fund in Istanbul, Turkey. 

Prof. Ndulu also won the 2015 Best Central Bank Governor in Africa award by the Africa Investor magazine. The award, which was in recognition of Prof. Ndulus competence and contribution in attracting investment and developing a hospitable environment for investment in Tanzania, was presented to him on the fringes of the United Nations General Assembly in New York, United States. 

Prof. Ndulu completed his 10-year tenure as Bank of Tanzania Governor in January 2018.