Botswana appoints Dekop as new central bank governor

GABORONE (Reuters) – Botswana President Mokgweetsi Masisi on Monday appointed Cornelius Dekop as the new central bank governor with immediate effect, his government said in a statement.

He replaces 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.

(Reporting by Brian Benza, Writing by Bhargav Acharya, Editing by Chris Reese and Chizu Nomiyama)