Situmbeko Musokotwane | |
---|---|
Minister of Finance | |
Assumed office 27 August 2021 | |
President | Hakainde Hichilema |
Preceded by | Bwalya Ng’andu |
In office 2008–2011 | |
President | Rupiah Banda |
Preceded by | N’gandu Peter Magande |
Succeeded by | Alexander Chikwanda |
Member of the National Assembly | |
Assumed office August 2021 | |
President | Hakainde Hichilema |
Constituency | Liuwa |
Personal details | |
Born | Situmbeko Musokotwane 25 May 1956 |
Alma mater | Konstanz University (PhD) University of Zambia |
Profession | Economist |
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]
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]
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