Situmbeko Musokotwane

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.[1]

Situmbeko Musokotwane
Situmbeko Musokotwane at the 2009 International Monetary Fund/World Bank meeting.
Minister of Finance
Assumed office
27 August 2021
PresidentHakainde Hichilema
Preceded byBwalya Ng’andu
In office
2008–2011
PresidentRupiah Banda
Preceded byN’gandu Peter Magande
Succeeded byAlexander Chikwanda
Member of the National Assembly
Assumed office
August 2021
PresidentHakainde Hichilema
ConstituencyLiuwa
Personal details
Born
Situmbeko Musokotwane

(1956-05-25) 25 May 1956
Alma materKonstanz University (PhD)
University of Zambia
ProfessionEconomist

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.[4] 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.[4]

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.[4]

References
  1. zamobserver (2021-08-27). "Situmbeko Musokotwane is new Finance Minister". The Zambian Observer. Retrieved 2021-08-27.
  2. "Zambian President Hichilema appoints new finance minister". SWI swissinfo.ch. Retrieved 2021-08-27.
  3. "Liuwa | National Assembly of Zambia". www.parliament.gov.zm. Retrieved 2021-08-27.
  4. "Zambia : President Hichilema appoints Dr. Situmbeko Musokotwane as the New Finance Minister". Retrieved 2021-08-27.



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