Parliament has ratified Former PTA Bank President and Chief Executive Officer Dr. Michael Gondwe as Governor of the Bank of Zambia.
Dr Gondwe takes over from, Caleb Fundanga who was BoZ Governor until September this year.
The appointment of Dr Gondwe comes a month after Bwalya Ng’andu was appointed deputy Governor in charge of operations at the Central Bank.
Dr.Gondwe a holds Bachelor of Law Degrees from the University of Zambia and the University of Virginia as well as a Masters in Business Administration.
He is an alumnus of the Advanced Management Programme of the University of Oxford.
He is the president or the equivalent of chief executive officer of the Eastern and Southern African Trade and Development Bank.
The bank has its headquarters in Nairobi, Kenya.
The PTA bank still uses its original name, PTA Bank, created by the initial Preferential Trade Area (PTA) agreement.
The PTA agreement later graduated to Common Market for Eastern and Southern Africa (COMESA) regional trade agreement.
[Zanis/Times of Zambia]