Lungu replaces Michael Gondwe with Denny Kalyalya as BOZ governor

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Denny KalyalyaRepublican President 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.

According to the statement released to the media this afternoon by Mr Amos Chanda, his special Assistant for press and public relations, 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.

“In your previous assignment as Deputy Governor-Operations, you served commendably well and your service at the World Bank as Alternate and later as Executive Director for four years was distinct. You boosted Zambia’s image and you were held in high esteem by your colleagues,” President Lungu said in letter to Dr Kalyalya yesterday. “Your experience and knowledge in the sphere of economics should stand you in good stead to help our country at a time when we face enormous challenges largely on account of external factors.”

The President has stressed that Government would rely on the Central Bank to take measures that stimulate the economy and widen participation by small and medium enterprises as a veritable strategy for employment creation.

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

Meanwhile, President Lungu has appointed Luapula Province Police Commissioner, Mr. Malcom Mutale Mulenga, as Deputy Inspector-General of Police with immediate effect. The appointment is pursuant to the powers vested in the President under Article 44 of the Constitution. The President announced last week that he would appoint two deputies: one for administration and the other for operations in order to improve service delivery.
The Head of State has also renewed the contract for the Inspector-General of Police, Mrs Stella Libongani for another term starting February 20 when her current contract comes to an end.


11 Responses to Lungu replaces Michael Gondwe with Denny Kalyalya as BOZ governor

  1. I want to congratulate who ever advised you Mr. Edgar Lungu on the well timed appointment of Danny Kalyalya as Bank of Zambia Governor. Please Mr. President be informed that The Tongas as an ethnic group have a lot of people who are technically well versed in governance and are not directly linked to UPND from which you could’ve picked for the 8 nominees in your Cabinet in order to ethnically balance it.

    Mwanabayeke Boyd
    February 13, 2015 at 2:50 pm

    • Boyd, no need to say that—-! If I had my way, I would recruit every person in North-Western to support the UPND. Its the only Party in Zambia with quality people to get Zambia out of its sink-hole.

      February 13, 2015 at 3:03 pm

  2. Good luck to Danny Kalyalya.

    February 13, 2015 at 3:00 pm

  3. Let me timely warn all Tongas accepting positions from pf, be careful brothers, remember what happened to Wynter Kabimba! He was used and later damped. They want to suck you like a hungry man milks a cow and when they are full they discard you like trash. No matter what they do remember they hate you as tongas in particular people like davies chama, edith nawakwi and kambwili, they hate Tongas like hell!

    February 13, 2015 at 3:34 pm

  4. Kalyalya/HH=Kalomo sec school but kalyalya has made a big mistake how do you mix with ILLITERATES wania you will be hammered together with the rest because it will difficult for us to separate you from the illiterates so don’t blames,because if it comes to illiterates we really hammer my man.

    Denny Kalyalya only Tonga in PF shame!
    February 13, 2015 at 8:28 pm

    • PF is now run by a graduate – which illiterates? Will you please show a scaling of graduates in the PF cabinet and compare with UPND so that we can have a statistical comparison. This arrogance will get you nowhere.

      February 14, 2015 at 1:41 am

  5. thumb up,God hear our cry

    chiyasa chiyabi
    February 13, 2015 at 11:27 pm

  6. my God, Naomi,your people shell be my people ,your country shell be my country,remove the shame on us.

    chiyasa chiyabi
    February 13, 2015 at 11:31 pm

  7. Yes…that gondwe must go far away….he was useless at bank of Zambia…..

    February 14, 2015 at 5:49 am

    I would appreciate if my article was posted on your online media, I want to simply express my concerns over the press statement from LAZ over the Mutembo Nchito’s case in the Chongwe Magistrate Court.
    LAZ regrets that police arrested the DDP and they are calling the president to intervene in this matter. Unfortunately in the LAZ press statement they don’t clearly show why it is wrong for the police to arrest the DDP when it is clear that the said person abused his office and grossly contravened the Zambian law which he is supposed to uphold.
    The only person in my knowledge who cannot be drugged to court or indeed arrested by the police is the encumbered president or diplomats because of their immunity. I’m not a lawyer but a simple citizen of this great land that is governed by 10 commandments according to our late president Mr Chilufya Michael Sata, may his soul rest in eternal peace. Does the person who holds the office of the DDP also enjoys immunity like the president or diplomats?
    In my civic lessons I learnt that there are three arms of government and that they are separate from each other in terms of function i.e. the Executive, legistrature and the Judiciary. LAZ is suggesting in their press release that the president intervenes in a matter that is already in court. Let us assume that the president intervened in this case, won’t he be sending wrong signal that our courts are not independent but that they can easily be manipulated and controlled by the executive?
    Reading the LAZ press statement makes me sad because it appears the law in Zambia is for the poor who do not have some backing in the corridors of power. The arresting of the DDP by the police is good for this country because it does send a clear message that no one is above the law. Personally one of the things Iam waiting to see is to whether President Edgar Lungu will continue with the crusade of zero tolerance to corruption. No one should be shielded; the judiciary and police must be allowed to do their job professionally without interference from any person including LAZ.
    LAZ is an association of learned lawyers who are supposed to guide this nation but I can see from the press release that someone has a special interest in the matter.

    February 14, 2015 at 10:01 am

  9. Well articulated thank u my brother

    tata palu
    February 24, 2015 at 2:30 pm

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