The manager, who calmly steered the SB’s helm after António Coutinho went to Angola, is leaving the bank. The general meeting of shareholders meets on 30 August to resolve on two important points: the dismissal of a member of the Board of Directors and the appointment of a member of the Board of Directors. Chuma is a member of the Board of Directors and accumulated the role of Delegate-Administrator. With the misdemeanors detected by the bank, he was banned from exercising in Mozambique for 6 years. He can only get out of here. Interestingly, the fine imposed on him is lower than that imposed on his former Corporate Director, Carlos Madeira. I anticipate that the person in the pipeline to fill Chuma’s place in the CA is Gomezgani Neba, the current Interim Chief Executive Officer, who was CFO before the crisis. According to the agenda, there will be no further changes in the bank’s governing bodies. In other words, Tomás Salomão keeps himself made of stone and lime as a PCA, albeit under shaky foundations. (Letter) Source: Mozambican Letter

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