Lawrence Mafuru Biography: Age, Wikipedia, Death, Wife, Education, Family, Career, Net Worth

Admin November 18, 2024

Lawrence Mafuru Biography

Lawrence Nyasebwa Mafuru (1972–2024) was a distinguished Tanzanian financial expert and public servant with over two decades of experience in banking, investment, and government policy. He began his career in 1998 at Standard Chartered Bank, specializing in international trade finance.

Throughout his career, he held several key positions, including; Head of Treasury at the National Bank of Commerce (NBC), Chief Executive Officer and Managing Director of NBC, Chairman of the Tanzania Bankers Association (TBA), and Treasury Registrar at the Ministry of Finance.

In the public sector, Mafuru served as the Executive Secretary of the Planning Commission, where he played a pivotal role in drafting Tanzania’s Vision 2050. He was also the founder and managing partner of Bankable, a financial advisory firm. His contributions extended to various boards, including the Tanzania Electric Supply Company (TANESCO) and the Tanzania Investment Centre.

Tragically, Mafuru passed away on November 9, 2024, at Apollo Hospital in India, leaving behind a legacy of leadership and dedication to Tanzania’s development.

Lawrence Mafuru Age

Lawrence Nyasebwa Mafuru was born on June 20, 1972, and passed away on November 9, 2024, at the age of 52.

Lawrence Mafuru Educational Background and Qualifications

Lawrence Nyasebwa Mafuru was a Certified Chartered Banker from the Chartered Institute of Bankers in London and a Certified Financial Markets Dealer certified by ACI Financial Markets. Additionally, he held a Master’s Degree in Business Administration (Finance) from the University of Dar es Salaam.

Lawrence Mafuru Career

Lawrence Nyasebwa Mafuru was a distinguished Tanzanian financial expert and public servant whose career spanned over two decades. His professional journey encompassed significant roles in both the private and public sectors, contributing to the development of Tanzania’s financial landscape.

Early Banking Career at Standard Chartered Bank

In 1998, Mafuru began his career at Standard Chartered Bank, focusing on international trade finance. His tenure at the bank provided him with a solid foundation in banking operations and financial management, setting the stage for his future leadership roles.

Leadership at National Bank of Commerce (NBC)

Mafuru’s career progressed as he joined the National Bank of Commerce (NBC), where he served as the Head of Treasury. His expertise in financial markets and treasury operations was instrumental in enhancing the bank’s financial strategies. Subsequently, he was appointed as the Chief Executive Officer and Managing Director of NBC, leading the bank through a period of modernization and growth.

Chairmanship of the Tanzania Bankers Association (TBA)

During his tenure as CEO of NBC, Mafuru also served as the Chairman of the Tanzania Bankers Association (TBA). In this role, he advocated for collaboration between banks and mobile network operators, aiming to expand access to financial services across Tanzania. His leadership was pivotal in fostering a more inclusive and competitive banking sector.

Transition to Public Service as Treasury Registrar

In 2014, Mafuru transitioned to public service, taking on the role of Treasury Registrar at the Ministry of Finance. His tenure was marked by significant public sector reforms, including the restructuring of public entities to enhance efficiency and accountability. These reforms have had a lasting impact on the nation’s financial governance.

Role in the President’s Office Delivery Bureau

Following his role as Treasury Registrar, Mafuru served as the Director of Resources Mobilisation and Economic Sectors in the President’s Office Delivery Bureau (PDB). In this capacity, he was instrumental in mobilizing resources and coordinating economic initiatives under the “Big Results Now” program, aimed at accelerating Tanzania’s development agenda.

Founding of Bankable Tanzania

After his public service roles, Mafuru co-founded Bankable Tanzania, a financial advisory firm. As Managing Partner, he leveraged his extensive experience to provide strategic financial advice, contributing to the growth and development of Tanzania’s financial sector.

Executive Secretary of the Planning Commission

In July 2023, Mafuru was appointed as the Executive Secretary of the Planning Commission. In this role, he played a pivotal part in drafting Tanzania’s Vision 2050, focusing on long-term development strategies to propel the nation’s economic growth. His leadership was instrumental in establishing robust institutional systems within the commission.

Lawrence Mafuru’s Death

Lawrence Nyasebwa Mafuru passed away on November 9, 2024, at Apollo Hospital in India, where he was receiving treatment for leukaemia. At the time of his passing, he was serving as the Executive Secretary of the Planning Commission.

Lawrence Mafuru Funeral

A national funeral service was held for Lawrence Mafuru on November 14, 2024, at Karimjee Grounds in Dar es Salaam, where President Samia Suluhu Hassan led hundreds of mourners in paying their last respects.

In her eulogy, President Samia described Mafuru as a “great gift to our nation” and a “true hero,” highlighting his significant contributions to public sector reforms and his exemplary professionalism.

Mafuru was laid to rest on November 15, 2024, at Kondo Cemetery in Tegeta, Dar es Salaam.

Lawrence Mafuru Wife and Children

Lawrence Nyasebwa Mafuru was married to Noela, and together they had two daughters, Lorraine and Lorna.

Lawrence Mafuru Net Worth

Lawrence Nyasebwa Mafuru had an estimated net worth of $700,000 at the time of his passing.

FAQs

Who was Lawrence Mafuru?

Lawrence Nyasebwa Mafuru was a distinguished Tanzanian financial expert and public servant with over two decades of experience in banking, investment, and government policy.

What were his notable roles in the banking sector?

He served as the Head of Treasury and later as the Chief Executive Officer and Managing Director of the National Bank of Commerce (NBC).

Did he hold any significant positions in banking associations?

Yes, he was the Chairman of the Tanzania Bankers Association (TBA), where he advocated for collaboration between banks and mobile network operators to expand financial services.

What roles did he undertake in the public sector?

Mafuru served as the Treasury Registrar at the Ministry of Finance and as the Director of Resources Mobilisation and Economic Sectors in the President’s Office Delivery Bureau (PDB).