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DRC Appoints First Female Central Bank Governor

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Nyakundi Report

Newsroom 1 min read

On 6 July 2021, President Tshisekedi appointed Marie Malangu Kabedi Mbuyi as the new Central Bank governor in the Democratic Republic of Congo, marking a historic milestone in the bank's 70-year history.

Malangu, a former IMF official, 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.

As part of an agreement between the IMF and the Democratic Republic of Congo signed in May this year, Malangu is also charged with bringing reforms to the DRC Central Bank.

Government spokesperson Patrick Muyaya described Malangu Kabedi as an 'exceptional woman', highlighting her extensive experience with the IMF, including as the IMF representative in Cameroon and Benin.

President Tshisekedi also picked 2 deputy governors; Dieudonne Fikiri and William Pambu, and 7 directors to lead the nation's Central Bank.

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