His Majesty King Letsie III has, in accordance with the advice of the Right Honourable the Prime Minister, appointed Dr. Moeketsi Senaoana and Dr. Retšelisitsoe Matlanyane as First and Second Deputy Governors, respectively.  The appointments took effect from 01 April, 2006.

Dr. Senaoana, a former Minister of Finance and Economic Planning in Lesotho, joins the Central Bank after five years as Investment Advisor within the Directorate of Trade, Mining, Industry, Finance and Investment (TIFI) of SADC, based in Gaborone, Botswana.  Previous to this position, he spent two years as Technical Advisor, at the National Treasury in the Republic of South Africa.  He had started his career in 1982 to 1994 as Senior Lecturer in Economics, at the National University of Lesotho.

Dr. Matlanyane is the first woman in Lesotho to become a Deputy Governor.  She graduated from the National University of Lesotho.  She obtained her MA Economics at the University of Botswana and PhD, Economics, specialising in Macroenonomic Modelling from the University of Pretoria.  She has held teaching positions at the Universities of Botswana and Pretoria.  She joins the Bank after teaching at the National University of Lesotho from 1994 to date.

Dr. Senaoana will be in charge of the Financial Stability aspects of the Bank’s mandate as stipulated in the Central Bank of Lesotho Act No.2 of 2000; while Dr. Matlanyane will be responsible for achievement of monetary stability.  In his role of promoting financial stability, Dr. Senaoana will be in charge of Supervision, Administration and Information and Communication Technology Departments.  Dr. Matlanyane, in pursuit of the monetary stability, will be responsible for Research, Operations and Financial Markets Departments.  Both Deputies hold high qualifications which are relevant to the Central Bank business.

Chief, Public Relations - 2006 April, 05