Respected Trade and Economic Consultant Trevor Simumba has insisted that Finance Minister Margaret Mwanakatwe is incompetetant to run the Ministry.
Mr Simumba last week called for the sacking of Mrs. Mwanakatwe for allegedly failing to manage the economy.
He further suggested that President Edgar Lungu should consider replacing Mrs. Mwanakatwe with Ms. Dorika Banda.
But the Economics Association of Zambia came out in defence of Mrs Mwanakatwe stating that she has the right credentials for the job.
In a statement, the Association Deputy National Secretary Rita Mkandawire said it was ethically incorrect for Mr Simumba to lobby for Mrs Mwanakatwe’s replacement publicly.
But Mr Simumba has responded to the EAZ staging that his sentiments on the performance of Mrs Mwanakatwe still stands.
“I find it quite disheartening that a professional body like EAZ would drag gender into a discussion on the poor management of the economy by the Minister of Finance,” Mr Simumba said.
“This Minister has failed not because she is a woman NO but because she does not have the competence to manage a public finance and macro-economic system of the country,” he said.
“Yes she is well qualified and had a stellar career in banking, finance and investment but running a Ministry of Finance is a whole different ball game especially when you are facing a crisis,” he said.
“It is nothing personal towards Madam Mwanakatwe. In fact you will be shocked to know she is my in-law and a close friend to my immediate family members.”
Mr. Simumba charged that public office demands public accountability.
“My genuine and strong opinion is that she is not capable of managing the real fiscal and monetary crisis Zambia is facing right now. She is not the architect of our problems but unfortunately she has made it worse since she became Minister,” he stated.
“And if she remains beyond the next three months many of you including the EAZ and the President will remember my words and warning. I love Zambia and I want Zambia to prosper and succeed but never will I remain silent and watch my country decline,” he said.