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Vol 61 No 17

Published 27th August 2020


The governor and the guv'nor

Giving no reason, President Edgar Lungu sacked the respected governor of the central bank, the Bank of Zambia, Denny Kalyalya, replacing him with Christopher Mvunga, formerly Deputy Secretary to the Cabinet. The move is widely seen as political interference. South African Finance Minister Tito Mboweni angrily tweeted that Lungu must explain himself 'or hell is on its way. I will mobilize! …This is not some fiefdom of yours.' However, he was almost immediately slapped down by President Cyril Ramaphosa and, after saying he was standing his ground, later deleted the tweets.

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