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 noted 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.