Tanzania Finance Minister Dies at Age 63 After Long Illness

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Tanzanian Finance Minister William Mgimwa died yesterday at a South African hospital after a long unspecified illness, the East African nation’s presidency said.

Mgimwa, 63, was appointed in May 2012Bloomberg Terminal in a cabinet reorganization, following a report by the national audit office that showed the misuse of public funds, according to the Dar es Salaam-based, state-run Daily News newspaper. Last year, Mgimwa announced the country plans to secure an international credit rating in the 12 months through June, ahead of a Eurobond sale.