Home Business and Technology Christopher Mvunga resigns as Bank of Zambia Governor

Christopher Mvunga resigns as Bank of Zambia Governor

1306
Christopher Mvunga

Zambia’s central bank governor Christopher Mvunga quit just over a year into the job, following opposition leader Hakainde Hichilema’s election victory last month.

Hichilema named Francis Chipimo, the deputy governor, to act in the position, the presidency said in an emailed statement Tuesday.

Mvunga’s August 2020 appointment drew criticism as he was seen to be a close ally of then-President Edgar Lungu. The International Monetary Fund responded at the time by urging central bank independence and credibility. Zambia is seeking a $1.3 billion economic program from the fund, and an independent central bank will be critical in securing the financing.

Hichilema also dismissed Fredson Yamba, secretary to the treasury, replacing him with Felix Nkulukusa. He named Paul Kabuswe as Mines Minister, who will be tasked with carrying out the new government’s plans to smooth relations with the industry and more than double the nation’s copper production over the next five years.

In Other News – GOSPEL SINGER BRENDA MTAMBO SHARES WEIGHT LOSS JOURNEY – PICTURES

BRENDA Mtambo has shared her weight loss journey. The Afro-soul singer thanked a certain Mrs Mome for motivating and encouraging her to live a healthy lifestyle.BRENDA Mtambo Brenda said she could now feel the difference and posted before and after photos, showing how she used to look before shedding the weight.In the caption, she wrote: “Yesterday I came across this pic of myself and realised how far I have come with my weight loss journey. There are many. Learn more

Previous articleMuvhango’s Angela Atlang (Itseng) on her role as a pr0stitute
Next articleVIDEO: Master KG lucky to be alive after airplane engine blowup while onboard