BoM Governor Named 2025 Co-Winner of Top African Bank Award

Rama Sithanen, the Governor of the Bank of Mauritius, has been named co-winner of the 2025 “Central Bank Governor of the Year” award by African Leadership Magazine. This award recognizes a visionary leader whose strategic management has helped maintain monetary stability, strengthen financial resilience, and drive sustained economic growth.

In the final stage of a rigorous selection process, the editorial committee unanimously selected Sithanen for this honor, acknowledging his distinguished leadership and significant impact on Mauritius’s economic and monetary landscape in a short period.

“We are very honored by this recognition, and I share this privilege with all my colleagues at the Bank of Mauritius.

We will continue to fulfill our mandate of price stability, orderly economic development, and financial stability for the benefit of our country,” said Sithanen.

The selection process included public nominations, editorial committee selection, a global public vote, and a final evaluation based on verifiable measures to ensure that each winner meets the highest standards of excellence, innovation, and impact in Africa.

For the 2025 edition, the final score was composed of 65% from an online global survey and 35% from verified documents, including evidence of institutional growth, innovation, sustainability, and measurable outcomes.

Since taking office as Governor in November of last year, Rama Sithanen has demonstrated bold and decisive leadership, quickly addressing political imbalances, managing excess liquidity, and stabilizing the Mauritian rupee through prudent monetary tightening.

African Leadership Magazine noted that Sithanen’s immediate interventions not only halted inflationary pressures but also restored public and investor confidence in the country’s financial system.

With the foresight of a statesman and the precision of an economist, he has positioned the Bank of Mauritius as a progressive and forward-looking institution.

His commitment to sustainable finance is evident through the establishment of a Climate Change Center, a national green taxonomy, and support for over 400 clean energy projects, highlighting his dedication to climate resilience and long-term development.

The magazine also praised Sithanen’s strategic international engagement, particularly the historic bilateral currency agreement with the Reserve Bank of India, reflecting his vision for enhanced regional cooperation, trade facilitation, and de-dollarization.

His advocacy for inclusive governance is illustrated by the balanced gender representation on the Bank’s Board and Monetary Policy Committee.

Rama Sithanen’s leadership embodies the highest ideals of central banking: prudence, integrity, foresight, and inclusive progress.

By aligning Mauritius’s monetary strategy with national priorities, the Agenda 2063, and the United Nations Sustainable Development Goals, he not only preserves economic stability but also lays the groundwork for shared prosperity.

This award is a testament to his lifelong service, technocratic excellence, and emerging legacy as one of Africa’s most respected voices in economic governance.

Source: Le Mauricien