Dr Addis Othow Bids Farewell as Yeni Costa Takes Over Central Bank

(JUBA) – The Bank of South Sudan (BoSS) has welcomed Hon. Yeni Samuel Costa as its new Governor, following a leadership transition at the country’s central bank. The appointment comes after the departure of Hon. Dr. Addis Ababa Othow Akongdit, who expressed gratitude to President Salva Kiir Mayardit for the opportunity to serve the nation during his tenure.

In a statement issued in Juba, the Bank’s Board of Directors, management, and staff congratulated the new Governor and pledged their full support as he takes on the role. The Bank said Mr Costa’s leadership is expected to strengthen institutional reforms, improve financial services, and enhance monetary stability across South Sudan.

“Your knowledge and leadership will help strengthen the Bank’s work, improve financial services, and support the country’s economic growth,” the statement read. Staff members also expressed their best wishes, noting that the appointment marks an important step in advancing the Bank’s mission of progress and stability.

Mr Costa’s appointment comes at a crucial time as South Sudan continues to work on stabilising its currency, improving banking systems, and restoring confidence in financial institutions. The central bank plays a key role in shaping the country’s economic direction, particularly through efforts to control inflation, modernise payment systems, and strengthen collaboration with the Ministry of Finance and commercial banks.

In a related message, outgoing Governor Dr Addis Othow expressed appreciation to President Kiir for the trust and opportunity to lead the Bank. He said serving as Governor was one of the greatest privileges of his career, adding that the Bank had made progress in strengthening monetary stability and enhancing governance within the financial sector.

Dr Othow said, “Over the past months, we have worked diligently to strengthen the foundations of monetary stability, modernise the banking and payments systems, enhance institutional governance, and restore public confidence in the national currency.”

He thanked the President for his decision to release him from his duties, describing it as part of the natural process of leadership renewal and continuity in national service. Dr Othow reaffirmed his commitment to continue contributing to the country’s economic development and stability wherever called upon.

He concluded by wishing the new Governor success and pledged to support the government’s vision of building a modern and prosperous South Sudan.

Recent Leadership at the Bank of South Sudan