Zambian president sacks finance minister

Zambia’s president has appointed central bank deputy governor Bwalya Ng’andu as finance minister, taking over from Margaret Mwanakatwe who has been fired, a statement from the president’s office said.

President Edgar Lungu’s spokesman Isaac Chipampe said in the statement that Ng’andu would be sworn in today.

Ng’andu has previously served as managing director of the Development Bank of Zambia, managing director of the National Savings and Credit Bank and director general of the Zambia Investment Centre.