Botswana Appoints New Central Bank Governor

The President of Botswana Mokgweetsi on Monday appointed Cornelius Dekop as the new central bank governor with immediate effect, replacing Moses Pelaelo, who had served as the Governor of the Bank of Botswana since 2016.

The statement by the Botswana government’s communications department did not provide a reason for Pelaelo’s departure three days before an interest rate decision.

Reuters/Aluko Jane