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 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, deputy governor, will sit on the board of directors and will substitute the governor in cases of absence or incapacity, whilst undertaking duties assigned or delegated under the law.
The Bank of Mozambique is responsible for key functions related to monetary and financial stability, including conducting monetary and exchange-rate policy, managing the country’s foreign assets and supervising financial institutions.
Both appointees will be sworn in on Wednesday, September 2, in a ceremony chaired by President Chapo at his Maputo office.