Banco Nacional de Investimento (BNI) has appointed Abdul Jivane as the new CEO to replace Tomás Matola, as a result of a decision by the shareholder (the state), Domingo newspaper reported on Thursday, August 31.
Abdul Jivane had been an executive director of the state-owned bank since 2015. He has a degree in Economics from Eduardo Mondlane University and a master’s degree in Corporate Finance from the University of Liverpool and a post-graduate degree in Banking Management from the Catolica Lisbon School of Business and Economics. He has been with BNI since 2011.
BNI is a state-owned development bank whose aim is to provide long-term financing for sustainable ventures that contribute to the country’s social and economic development. The bank’s main areas of activity are infrastructure, natural resources, energy, agriculture, industry and trade, and transportation. BNI aims to strengthen the capital structure of private companies and development.