RBM Deputy Governor Nkosi retires

The Reserve Bank of Malawi (RBM) Deputy Governor responsible for operations, Mary Nkosi, retires today from the central bank after 10 years of “distinguished and most enviable service”.

Nkosi told The Nation on Thursday that the years she has been at the RBM were “fruitful”.

“It was unchartered ground for me. I learnt a lot and I enjoyed my stay,” she said.

Commenting on the next move, Nkosi said she will have to wait patiently for what God will avail to her.

“I will be looking after my grandchildren. I will also have more time for prayer,” said Nkosi, who is also a pastor.

In a statement released on Thursday, RBM spokesperson Ralph Tseka said Nkosi joined the RBM on April 14 2003 and, throughout her working life in the bank she has discharged her duties with care and due diligence.

“She has also been exceptionally exemplary to other members of staff. She, therefore, retires as a role model to all staff in the Bank as well as in the Malawi society.

“She leaves a legacy as a distinguished banker, first female deputy governor, the first ‘two-term’ deputy governor, a person who has served diligently and selflessly, and a very humble individual,” he said.

Apart from the various achievements within the central bank, Tseka said Nkosi has an impeccable record in society.

Nkosi once served as the first vice-president of Bankers Association of Malawi (BAM) in January 1996 and also served as the association’s president from 1998.

She was nominated acting executive secretary for the Common Market for Eastern and Southern Africa (Comesa).

Nkosi also served on various boards in Malawi. She was the chairperson of the National Lotteries Board from 2006 to 2010, vice-chairperson of the Malawi Constitutional Review Committee from June 2006 to October 2007 when the review was completed.

In the RBM, she has overseen and spearheaded a number of reforms both institutional as well as policy wise.

She was also in the key person in the Mzuzu Branch construction project.

The RBM family will bid farewell to Nkosi at a cocktail to be hosted in her honour on Friday.