President Ian Khama has appointed Andrew Maatla Motsomi to the position of Deputy Governor at the Bank of Botswana with effect from February 1, 2016.
This follows the retirement of Deputy Governor Motshidisi whose third 5-year contract expired at the end of January 2016, having served the Bank in various positions for 27 years.
Motsomi joined the Bank in 1983 and rose through the ranks in a number of Departments to head the Research Department (now Monetary and Financial Stability Department) in 2003 and the Banking Supervision Department in 2010.
In the Research Department, he was responsible for, among others, the formulation and implementation of monetary policy and implementation of the exchange rate policy.
In the latter Department, he was responsible for the regulation and supervision of banks.
He has also worked for the International Monetary Fund under the special appointee programme.
Motsomi obtained Bachelors degree in Economics and Accounting from the University of Botswana in 1983, post-graduate Diploma in Economic Development and Planning from the African Institute for Economic Development and Planning (Dakar, Senegal) in 1987, and Masters degree in Economics from the Victoria University of Manchester in 1990.
He has undertaken the executive management and development study programme of the University of Stellenbosch Business School.