The Civil Society Constitution Agenda (CiSCA) has said that it is as perplexed as many others in Zambia that have expressed grave misgivings on the suitability of Mr. Christopher Mvunga as Bank of Zambia Governor.
In a statement released to the media CiSCA said that even as the organization appreciated that the President exercised his constitutional powers to appoint Mr. Mvunga, and as much as they acknowledged that Mr. Mvunga met the minimum qualifications as outlined in Article 214 of our Constitution, CiSCA said that it was extremely apprehensive about the suitability of Mr. Mvunga as Chief Executive Officer of our Central Bank.
CiSCA further contended that Dr. Denny Kalyalya’s dismissal and Mr. Mvunga’s appointment is President Lungu’s continued destruction of state institutions, starting with the Anti-Corruption Commission and now the central bank.
“It is a no brainer that our economy is in a comatose state and a critical economic institution such as the Central Bank needs to be led by a highly competent and respected individual who commands both national and international respect, and definitely not one whose only suitability is being amenable and malleable to PF’s machinations. A Central Bank Governor should not only be independent but should also be seen to be independent. Mr. Mvunga’s independence is questionable because he is a politically aligned individual whose allegiance will primarily be to his political sponsors.
“When juxtaposed, Dr. Kalyalya’s CV not only surpasses Mr. Mvunga on academic, professional qualifications and experience, but he also beats him in sobriety of character and public standing. How then is Mr. Mvunga expected to perform better than Dr. Kalyalya? The backlash from the appointment demonstrates that Mr. Mvunga is taking up a position that the public thinks he is not the best fit for. We further contend that there are easily at least 50 Zambians who are better qualified, have sober rock-solid temperaments with formidable national and international track records that can replace Dr. Kalyalya if he absolutely had to go.
“Further, appointing someone to a position requiring ratification by Parliament when Parliament is on recess is wrong and ultra vires to Constitutional procedures. We earnestly appeal to MPs to exercise the doctrine of separation of powers and as the people’s direct representatives, reject Mr. Mvunga’s appointment in the same way parliament refused to ratify the appointment of Judge Lombe Chibesakunda as Chief Justice,” concluded the statement
Poor country will never develop.How can you support such a bank governor with such pathetic performance in the world?This is why we say our education system is pathetic.Why praising somebody who has not performed even if he has a PHD?Please Mvunga can perform better coz he has worked in the private sector.This man Kalyalya it’s bcoz of school and nothing records to show what he has changed.Those people supporting him are cadres from known party who wanted to destroy the economy so that Lungu loses elections.The kwacha will appreciate next month.
Cisca jealously will never take you far in life. You will all die with anger and frustration including the party that sponsers you to write this rubbish. There is a new governor in town get used to it. We are sorry about your fellow tribesman but it is nothing personal just business as usual
Let my Uncle Chris do his job as new BoZ Governor. Nichani ma jealous??? Some of you don’t even have CV’s worth talking about and yet you’re busy criticising others. Go and advance your qualifications then maybe one day you can stand a chance to be considered for the role.
As much as I am also from the camp that doubts that a mere ACCA holder can head BOZ, because ACCA does not teach you economics but it is a very practical course, lets give the man a chance
Thanks CISCA, for voicing out the views of the marjority Zambians. Ignore the demons that have commented before me on this thread, it requires a special sangoma to exorcise them. To Mr Mvunga, all the best, you are in the driving seat now, no mawala please. All economic indicators are upside down hence UNZARALU advising that no sane person can vote for such economic indicators which is only true, so please work hard Sir
Let’s wake up to the fact that in the penultimate year to the elections, there is going to be a lot of scheming by the government on how to raise money to ‘buy’ votes.
The Central Bank is integral to the recovery of the economy of any country and its the fiscal discipline provided by the Central Bank that will speed up that recovery.
Quantitative Easing or printing of money is a last resort for an erring economy to undertake because it’s a catalyst for inflation and subsequent total collapse of economy.
Let’s wake up to the fact that in the penultimate year to the elections, there is going to be a lot of scheming by the government on how to raise money to ‘buy’ votes.
The Central Bank is integral to the recovery of the economy of any country and its the fiscal discipline provided by the Central Bank that will speed up that recovery.
Quantitative Easing or printing of money is a last resort for an erring economy to undertake because it’s a catalyst for inflation and subsequent total collapse of economy.
Let’s watch this space!
I personally agree with Lungu’s decision to drop but not on the appointment. Dr Denny knew very well that as it is we want only solutions and assurances. But what The Governor did was to show us that even himself he can’t police the economy from further damage which is very much unacceptable from the National Economic Driver like him. Then to whom does he expect us to turn to? The IMF? Off course not. We didn’t employ the IMF to drive the economy for us but him.
This is not time for the GOVERNOR to show us his weakness because the nation needs him the most.
So ECL was very much okay. Maybe we would want to question the caliber of the fella that has appointed.
Mvunga Kikikkkiki!!!!! the dancing boy is now the Governor of the Central Bank kikkikikiki. Pa Zambia awe sure fye!!! Na Kwacha nayamba kale ukupena kkikkk8iki!!!
Edgar Lungu is an empty tin of a president. If you are expecting too much from this guy you will be expecting wind in a vacuum container.
Edgar Lungu is there to destroy the economy and image of the country.
PF must go!
Edgar China Lungu thinks he can save the Zambian economy in the few months left to the 2021 election. But the damage he and his corrupt cronies, including you KZ, have done in all the years in power, cannot be repaired by appointing a yesman and draining the coffers even further. See you in jail, Edgar China Lungu! The Zambian people will never forgive you for looting the entire country.
What they failed to achieve via the Dead Bill 10 they are now achieving by appointing a Politically inclined Governor of BOZ. The mandate given to Chris Mvunga is Print Money to finance the 2021 Elections and allocate foreign exchange for Elections purposes. The writing is on the Wall.
Rather than discuss the apointing authority, why can’t cisca show the nation what Denny achieved rather than his CV.
Some jobs don’t need academic qualifications, but wisdom. Mr. Kalyalya looks a wise man, but Chris is a childish guy with minimum qualifications.
Edgar should not have reacted with emotions, he could have just fired that great man Kalyalya, and wait for 2 weeks to find a great retired man. Not picking from his beer buyers. For that reason Ba Edgar has no wisdom at all.
Was Denny the one borrowing excessive debts? Despite all his warnings and advise did the PF government ever heed ? Today you say let him show what he has done as governor, PF always looking for scapegoats for their own errors.
Chris Mvunga has been especially appointed Governor of BOZ in time for 2021 Elections. He will be ordered to Print the Kwacha like its coming from Heaven.Hyperinflation will set in and Prices of goods and services will skyrocket and the Kwacha will sharply depreciate. Tito Mboweni’s fears will certainly materialize and he will be vindicated. The writing is on the Wall.
Who are these fossils, don’t listen to them. They are broke and some of them will be dying in their sleep. You had your time bane.
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Awe, comments on this issue are very interesting. When we have a nation of play boys, drunkards and thieves who do you expect to be appointed central bank Governors of Zambia. Let us suggest Tito Mboweni, oh no he does not qualify because he has low morals as well ask Gwede. But the qualified Zambians who are not drunkards or thieves, you will only find them on the moon. Very very scarce. If you want to see my point just go to pubs or beer halls called clubs in this country what you will see will shock you if you are a rare sober Zambian. Yes you heard me right. That is what am talking about. So let us not pretend, we are a country of drunkards take it or leave it. It is not tribal, hatred or political but plain truth. So we cannot begin to vilify one person when the majority of the…
…So let us not pretend, we are a country of drunkards take it or leave it. It is not tribal, hatred or political but plain truth. So we cannot begin to vilify one person when the majority of the country wallows ”mumusunga” day and night, shame on us. our head of state is accused of being a drunkards and that is the environment he found himself in. Young Zambians today think that high life is drinking beer that is a fact, shame on us.
Are there no Chinese Zambians who are sober enough to be BOZ governor? Perhaps you could benefit from chinomics!
We are where we are now because of appointments like this one .In a few few weeks or so Zambians will hear of more appointments which will add no value on the poor people of Zambia but will only be an unnecessary drain on tax payers cash He is nearing the end of his term and he is still appointing his friends to completely damage the economy.Oh my God BOZ is in a mess
One really wonders. Some civic organizations led by certain leaders have always fronted hostility to each and every party in government since 1964. To which country is their loyalty?