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 NEWS
 MR. MOLEMOHI RETIRES FROM THE BOARD

On Friday, 7th November 2008, the Governor of the Central Bank of Lesotho, Dr. Moeketsi Senaoana held a farewell dinner at the Lehakoe Recreation and Cultural Centre in honour of the outgoing Director of the Board of the Bank, Mr. Ezekiel Kobeli Molemohi.  Present at the occasion were Members of the Board of Directors, Members of the other major Committees of the Bank, and the Bank’s top management.

All in all, speakers expressed their high regard for Mr. Molemohi, for the monumental contribution he has made in the fortunes of the Bank, since its inception.  He was highly commended for being a guide to fellow Board Members, as well as to past and present Governorship – 6 in all. In a word, Mr. Molemohi has been, and will always be “A Walking Encyclopedia” to the Bank.

On a light side; he was also described as a vivacious, kind person, with a booming laugh.  A person with a great capacity to remember people’s names, names of places; a raconteur par excellence when it comes to relaying stories about all manner of things, including stories about people, especially those stories that people about whom would especially prefer not to remember.

In delivering his vote of thanks, Mr. Molemohi highlighted that the importance of his retirement as a Member of the Board is that it comes during the same month that he was appointed as Governor of the Lesotho Monetary Authority (LMA) in 1979.  During his tenure as Governor of the LMA, he was involved in the mobilization of funds for, and construction of, the current Bank headquarters.  He was also involved in the facilitation for the issuing, for the first time, of the country’s currency.  As a Member of the Board of Directors, he was involved in the establishment of, among others, the Audit Committee, the Remuneration Committee, and the Distress Fund.

Mr. Molemohi was appointed as Governor of the Lesotho Monetary Authority in 1979, which position he occupied until 1982.  Prior to his appointment to the LMA, he had been a civil servant in the Ministry of Finance, where he left as Chief Financial Controller.  When the name Lesotho Monetary Authority was changed to that of the Central Bank of Lesotho in 1982, and additional functions added to this institution, he assumed the role of Deputy Governor until his retirement in 1989.  He has served as a Director of the Board, on a number of occasions until his retirement in 2008.  In this capacity, he has also served in various other sub-Committees of the Board.

Thato Mohasoa

Public Relations Division

(17 November 2008)

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