New president fires low-inflation champion Fundanga


On Thursday the governor of the Central Bank of Zambia, Caleb Fundanga, was fired by the country's new president, Michael Sata.

Fundanga has been praised for his part in preventing Zambia from slipping into the trend of hyper-inflation experienced in many African countries, so his sacking indicates a shift in the new government's policy aims.

"It is impossible to confirm or deny the reports until we receive word from the appointing authority, the president," a spokesperson for the central bank

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