President Daniel Francisco Chapo has appointed Waldemar Fernando de Sousa as Governor of the Bank of Mozambique and Felisberto Dinis Navalha as Deputy Governor, respectively.
De Sousa replaces Rogerio Zandamela, who has been the governor of the Bank of Mozambique since August 2016.
As governor, de Sousa will chair the central bank’s board of directors, represent the institution before the government, domestic and international bodies and oversee the bank’s senior management and activities.
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Navalha, vice-governor, will be a member of the board of directors, substituting the governor in cases of absence or incapacity, and will perform the functions conferred or delegated by law.
The Bank of Mozambique is responsible for key monetary and financial stability functions, including the conduct of monetary and exchange-rate policy, the management of the country’s foreign assets and the supervision of financial institutions.
Both appointees will be sworn in on Wednesday, September 2, in a ceremony chaired by President Chapo at his Maputo office.
