Mozambique Appoints New Central Bank Governor and Deputy

Mozambique's President Chapo has appointed De Sousa as the new governor of the Bank of Mozambique, effective September 2. De Sousa replaces Rogerio Zandamela, who served as governor from August 2016 until August 2026.

As governor, De Sousa will chair the central bank’s board of directors, represent the institution before the government and international bodies, and oversee the bank’s senior management and activities. Navalha has been appointed as deputy governor, serving on the board of directors and standing in for the governor in cases of absence or incapacity.

The Bank of Mozambique is tasked with crucial responsibilities related to monetary and financial stability, including conducting monetary and exchange-rate policy, managing the country’s foreign assets, and supervising financial institutions. The swearing-in ceremony for both appointees will take place at the President's office in Maputo.