Zambia : Zambia fires deputy cbank governor: source
on 2011/10/5 16:09:30
Zambia

20111005
Reuters
LUSAKA (Reuters) - Zambia has fired one of its deputy central bank governors, a source said on Wednesday, the latest move by newly elected President Michael Sata to remove vestiges of the previous administration.

"The deputy governor (responsible for) operations was removed yesterday," a central bank source told Reuters.

Zambia has two deputy central bank governors. The one in charge of administration has not been removed, the source said.

Although only in his job for little more than a week, Sata has quickly moved against the policies of the previous administration of Rupiah Banda, whose Movement for Multi-party Democracy (MMD) had ruled the southern African country for 20 years.

Sata last week fired respected central bank governor Caleb Fundanga, appointed a new head of the country's anti-corruption agency and disbanded the Energy Regulation Board.

He has also scrapped the $5.4 million sale of unlisted Finance Bank to South Africa's FirstRand Ltd.

He has also launched a probe into last year's sale of telecom operator Zamtel and promised to keep a close eye on copper exports. Zambia is Africa's top copper producer.

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