Marie Malangu Kabedi Mbuyi, a former IMF official, has been appointed as the new Central Bank governor in the Democratic Republic of Congo. She is the first female Central Bank governor in the bank’s 70-year history.
Malangu replaces Deogratias Mutombo who served as the Central Bank governor for the last 8 years and has been appointed to lead Congo’s insurance regulator.
The new governor is expected to lead in the implementation of the country’s monetary policy, regulate foreign currency transactions, and strengthen the country’s financial sector. She is also charged with bringing reforms to the DRC Central Bank as part of an agreement between the IMF and the Democratic Republic of Congo signed in May this year.
DRC government spokesperson Patrick Muyaya described Malangu Kabedi as an ‘exceptional woman’. Prior to her appointment, Malangu worked with the IMF for 32 years, including as the IMF representative in Cameroon and Benin.
In addition to appointing Marie Malangu, President Tshisekedi picked 2 deputy governors; Dieudonne Fikiri and William Pambu, and 7 directors to lead the nation’s Central Bank.
Also read: International Monetary Fund to Issue KSh37 Billion Credit Facility to DRC
