Dr. DENNY KALYALYA Takes Over From Dr. GONDWE As BOZ Governor

According to a press statement issued by Amos Chanda, the Special Assistant to the President for Press and Public Relations monitored by WM Media Pty. Ltd, the President Mr Edgar Lungu has appointed Dr. Denny Kalyalya as Governor of the Bank of Zambia with immediate effect, replacing Dr. Michael Gondwe who will be assigned a new role elsewhere. 

Dr Kalyalya is a former Deputy Governor-Operations of Bank of Zambia. 

The three-year contract appointment is pursuant to the powers vested in the President under Section 10 of the Bank of Zambia Act Number 43 of 1996.

The Head of State paid unqualified gratitude to Dr Gondwe for serving with distinction both at home and abroad. President Lungu noted that the vast reservoir of knowledge, experience and contacts Dr Gondwe posses will enable him serve Zambia well in his new role.