New Zambian governor appointed after Kalyalya dismissed

IMF takes unusual step of issuing statement in support of central bank independence

Christopher Mvunga
Christopher Mvunga
Bank of Zambia

The Zambian government has appointed a new central bank chief, following the controversial dismissal of Denny Kalyalya in August.

Christopher Mvunga, a former deputy finance minister, has taken over as governor. Mvunga served in the Zambian government from 2015 to 2020, and was previously a director at Standard Chartered.

After his swearing-in ceremony, Mvunga told journalists he would uphold the central bank’s independence, Reuters reports.

Kalyalya’s dismissal was widely criticised at the

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