First National Bank of Botswana (FNBB) has appointed former Bank of Botswana governor Moses Pelaelo as an Independent Non-Executive Director, effective 3 September 2025. The appointment will be ratified by shareholders at the bank’s next Annual General Meeting.
Pelaelo, who retired as central bank governor in 2023, brings more than three decades of experience in financial sector regulation, supervision, and policy. His career at the Bank of Botswana spanned several senior roles, including Deputy Governor from 2006 to 2016, before he assumed the top post in 2016.
During his tenure as governor, Pelaelo oversaw significant monetary and financial sector reforms, such as the introduction of a deposit protection scheme, the establishment of a Financial Stability Council, and enhancements to banking regulation under revised legislation.
Beyond the central bank, he served on the boards of Debswana Diamond Mining Company and Diamond Trading Company, and participated in high-level policy committees including the Minerals Policy Committee and the Financial Sector Coordinating Committee.
Pelaelo holds an MBA from the University of Miami and a Bachelor of Commerce from the University of Botswana and Swaziland. He has also undertaken executive training at Harvard University. In 2024, he was awarded Naledi ya Botswana, one of the country’s highest honors, for his contribution to national development.
Welcoming his appointment, FNBB’s board expressed confidence that Pelaelo’s extensive expertise will add value to the bank’s governance and strategic direction.
Meanwhile, Doreen Ncube has retired from the board of the bank after a ten year tenure.