[REVISION HISTORY]
Leadership transition at the Bank of Mozambique
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What changed
2026-09-03 11:21 UTC → 2026-09-06 10:36 UTC ·
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President Daniel Chapo has appointed Felisberto Dinis Navalha as inaugurated the new Governor leadership of the Bank of Mozambique, with swearing in Felisberto Dinis Navalha as Governor and Benedita Maria Guimino serving as Vice-Governor. This leadership change follows Guimino, a veteran with over 20 years at the revocation central bank, becomes the institution’s first female Vice-Governor. This restructuring concludes a period of previous appointments leadership that had remained under Rogério Zandamela for Waldemar Fernando de Sousa and Felisberto Navalha due to what were described as ‘supervening issues.’ a decade. During the inauguration on September 2, ceremonies in Maputo, President Chapo emphasized the central bank’s role need for “integrity and frontality” in management, urging the new team to act as a cohesive unit. He stressed that monetary and fiscal policies must prioritize real-world impacts on families, workers, and businesses. Key objectives include maintaining macroeconomic stability, controlling inflation, and stabilizing the metical to improve foreign exchange access for businesses. He access. Chapo also called for better improved credit access for sectors such as to support agriculture, industry, tourism, and logistics, while noting concerns regarding rising domestic public debt. and entrepreneurs, specifically targeting youth and women. The transition has faced scrutiny; Oxford Economics characterized the sudden reversal follows a controversial selection process. The appointment of Navalha succeeded the rapid revocation of initial nominee, nominee Waldemar Fernando de Sousa, an event Oxford Economics characterized as an ‘embarrassing twist.’ “embarrassing twist.” The rapid revocation reversal of Sousa’s appointment within 24 hours has due to “supervening issues” raised questions regarding the effectiveness of background checks for high-level officials, particularly following reports linking him to previous financial investigations.
Versions
- 2026-09-06 10:36 UTC Leadership transition at the Bank of Mozambique
- 2026-09-03 11:21 UTC Leadership transition at the Bank of Mozambique
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