Professor Benno Ndulu was appointed Governor of the Central Bank of Tanzania on January 8 2008. As a professor at the University of Dar es Salaam in the early 1980s he led a series of seminars on the economic crisis Tanzania was facing. This work made important contributions to the economic reforms that were implemented in the second half of the 1980s by the second phase government. After this, he worked as a Lead Economist with the Macroeconomic Division of the World Bank for Eastern Africa from the Tanzania Country Office. In that assignment he was directly involved with President Mkapa's reform program - a program that has contributed to over a decade of sustained economic growth in Tanzania. He is best known for his involvement in setting up and developing one of the most effective research and training networks in Africa, the African Economic Research Consortium.
He served first as its Research director and later as its Executive Director. He received an honorary doctorate from the International Institute of Social Studies (ISS) in the Hague in 1997 recognition of his contributions to Capacity Building and Research on Africa . Following his Ph.D. degree in economics from Northwestern University in Evanston, Illinois, he taught economics and published widely on growth, adjustment, governance and trade.