Zambian president makes deputy governor finance minister
New finance minister must tackle large debt burden, rising inflation and falling growth
The president of Zambia dismissed his government’s finance minister and replaced her with the deputy governor of the country’s central bank, amid signs of major economic challenges.
President Edgar Lungu’s office announced the changes in a brief statement issued during the night on July 13, the news agency Reuters says. The president’s statement gave no reasons for his dismissal of finance minister Margaret Mwanakatwe and her replacement by Bank of Zambia deputy governor Bwalya Ng’andu. The
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