Situmbeko Musokotwane Explained

Situmbeko Musokotwane
Birth Name:Situmbeko Musokotwane
Birth Date:25 May 1956
Order:Minister of Finance
Term Start:27 August 2021
Predecessor:Bwalya Ng’andu
President:Hakainde Hichilema
Term Start1:2008
Term End1:2011
Predecessor1:N’gandu Peter Magande
Successor1:Alexander Chikwanda
President1:Rupiah Banda
Order2:Member of the National Assembly
Constituency2:Liuwa
Term Start2:August 2021
President2:Hakainde Hichilema
Profession:Economist
Alma Mater:Konstanz University (PhD)
University of Zambia

Situmbeko Musokotwane (born 25 May 1956) is Zambian politician and economist serving as the Minister of Finance of Zambia since 2021;[1] [2] he is also the Member of Parliament for Liuwa.[3] Prior to his appointment he served as Minister of Finance from 2008 to 2011 under Rupiah Banda.

Education and career

Musokotwane is PhD holder in Monetary Economics obtained from the Konstanz University in Germany.[4] In 1988 he founded an agri-business one of Zambia’s largest dairy farming operations. He has also acted as an alternate Governor at the IMF, African Development Bank, and the World Bank. He introduced the central bank in Zambia to Open market operations and the re-introduction of Treasury Bills and Government securities auctions in Zambia. As Finance Minister during Rupiah Banda's presidency, he was active in the promotion of Zambia as an investment destination which brought a 7.6% growth in Zambia’s economy and generated US$6 billion over a 3 year term.

After being assigned as the Finance Minister under Rupiah Banda's presidency (2008-2011), he was assigned as the Finance Minister for the second time after the 2021 general election by President Hakainde Hichilema.

External links

Notes and References

  1. Web site: zamobserver. 2021-08-27. Situmbeko Musokotwane is new Finance Minister. 2021-08-27. The Zambian Observer. en-US.
  2. Web site: Zambian President Hichilema appoints new finance minister. 2021-08-27. SWI swissinfo.ch. en.
  3. Web site: Liuwa National Assembly of Zambia. 2021-08-27. www.parliament.gov.zm.
  4. Web site: Zambia : President Hichilema appoints Dr. Situmbeko Musokotwane as the New Finance Minister. 2021-08-27. en-GB.