The Mozambican president, Daniel Francisco Chapo, appointed this Monday Waldemar Fernando de Sousa as governor of the Bank of Mozambique. The appointment was announced through a statement from the Presidency, which detailed the duties of the position, including chairing the board of directors, representing the institution before the Government and before national, foreign and international bodies.
In the same decision, the Head of State appointed Felisberto Dinis Navalha as deputy governor of the institution. The statement highlighted that the deputy governor replaces the governor in his absences or impediments and exercises the powers delegated to him under the law.
Waldemar Fernando de Sousa succeeds Rogério Zandamela, who led the Bank of Mozambique for ten years. The inauguration of the appointees is scheduled for Tuesday, September 1st.
The Bank of Mozambique is described as one of the structural institutions of the Economic Independence strategy, playing a central role in monetary and financial stability, including guiding monetary and exchange rate policies and supervising financial institutions.
