People: First governor of Congo central bank dies aged 92
Deputy governors depart in Canada and Sweden; and more
Democratic Republic of the Congo: The first governor of Congo’s central bank, Albert Ndele Mbamu, died in Belgium on April 1, aged 92. Ndele had served briefly as finance minister in an interim government before being named head of the National Bank of Congo (now the Central Bank) in 1961. The central bank did not begin operating until three years later.
Ndele served until 1970, during the first five years of president Mobutu Sese Seko’s 32-year rule. During that time, the country introduced a
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