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Mozambique: Emanuel Chaves elected chairman of the Sovereign Wealth Fund supervisory committee
1:21 CAT | 23 May 2025
Photo: O País
The former CEO of Mozambique Airports, Emanuel da Conceição Chaves, has been elected chairman of the Supervisory Committee of the Mozambique Sovereign Wealth Fund, the body that will monitor revenues from the production of liquefied natural gas in Areas 1 and 4 of the Rovuma basin in Cabo Delgado province.
In an election presided over by the first vice-president of the Assembly of the Republic, Hélder Injojo, Emanuel Chaves, the candidate for the state business sector, obtained five votes against four votes for the private sector candidate, Inocêncio Joaquim Paulino.
The Supervisory Committee of the Mozambique Sovereign Wealth Fund is made up of nine members from civil society, religious denominations, academics, the private sector and the public sector.
Chaves says he is ready to meet the challenges imposed, ensuring that all 40% of money to be deposited in the fund’s account is well managed.
The event marks the beginning of the operationalization of the fund’s supervision project.
With success in mind, Emanuel Chaves promises greater effectiveness in the supervision actions of the Mozambique Sovereign Fund, especially focused on transparency.
The vice-president of the Assembly of the Republic, Hélder Injojo, challenged the chairman of the Sovereign Fund to ensure technical rigor, taking into account that the fund touches the sensibilities of all Mozambicans.
The resources of the Mozambique Sovereign Fund come from the exploitation of natural gas in the Rovuma Basin.
Source: TV Sucesso / O País
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