Absa appoints former Mozambique Prime Minister to board

Absa announced today that it has appointed Luisa Diogo, the former Prime Minister of Mozambique, as a non-executive member of the company’s board.

As per JSE listing requirements, Absa informed shareholders that Diogo had been appointed as an independent non-executive director of the Absa Group effective from 1 September 2023.

Diogo is currently the non-executive chairman of Absa Bank Mozambique and a non-executive director on the board of Total Mozambique.

She was the Prime Minister of the Republic of Mozambique from 2004 to 2010 and, before that, served as the country’s Minister of Planning and Finance.

Diogo was Mozambique’s first female Prime Minister and represented the Mozambican Liberation Front (the FRELIMO party), which has ruled the country since independence in 1975.

Absa said Diogo is a seasoned leader with many years of experience in financial services and the broader areas of economics, strategy and stakeholder management, “having also added significant value at the helm of our Absa Bank Mozambique board for more than ten years”.

“We look forward to the contribution that Luisa will make to the Absa Group Board,” the company said.

Diogo holds a B.Econ degree from the Eduardo Mondlane University and a Masters in Financial Economics from the University of London.

She will become a member of Absa’s Group Risk and Capital Management Committee (GRCMC), Social, Sustainability and Ethics Committee (SSEC) and the Board Finance Committee (BFC).