Mozambique: Banking role for former minister

Salvador Namburete has been appointed president of the new Mozambique arm of a major Portuguese bank, the former energy minister told African Energy on 8 June. Pending a formal announcement, he declined to say which bank. Namburete joined the government following Mozambique’s 2004 general and presidential elections; he left in the reshuffle that followed President Filipe Nyusi’s victory at the polls last October 2014. Namburete received a lifetime achievement award at the Africa Energy Forum in Dubai. Several leading Mozambicans have senior posts in local banks.