Business and Technology

Dr. Situmbeko Musokotwane appoints new BOZ board of directors

Minister of Finance and National Planning, Situmbeko Musokotwane, has appointed six members to become part of the reconstituted board of directors of the Bank of Zambia.

Dr Musokotwane said the appointment is in Pursuant to Section 13 (1) (b) of the Bank of Zambia Act, Cap 360 of the Laws of Zambia.

He said those appointed are Mrs Sarah Sally Tembo an audit specialist, Professor Douglas Kunda a systems specialist, Dr Patricia Nchimunya Kamanga, a lawyer and an economist Caesar Cheelo.

Others appointed include Pamela Bwalya, an economist and Shebo Nalishebo a statistician.

“The appointments of the above persons bring the total number of Board Members to eight (8) as provided in the Bank of Zambia Act – two of whom are Dr. Denny Kalyalya, Governor of the Bank of Zambia and Chairman of the Board as provided for under 13 (1) (a) of the Act; and, Mr Felix Nkulukusa, Secretary to the Treasury, appointed to the Board as provided for under Section 13 (3) of the Act,” reads the statement.

The Minister has congratulated the new Board Members, wished them success, and urged them to provide the Bank of Zambia with the guidance and leadership needed to ensure a stable monetary and financial system for the Zambian economy.

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