Zambia replaces c bank governor Mwanza

ZAMBIA - Zambian President Levy Mwanawasa has terminated the contract of central bank governor Jacob Mwanza with immediate effect, presidential spokesman Arthur Yoyo said on Tuesday.

Mwanawasa appointed economist Caleb Fundanga - senior adviser to the president of the African Development Bank (AfDB) - as his replacement, Yoyo said in a statement.

Yoyo gave no reasons for the dismissal of the 65-year-old Mwanza, who has served as governor since 1995 and had three years remaining on his second te