By JAMES KUNDA –
PRESIDENT Edgar Lungu has appointed Denny Kalyalya as Bank of Zambia(BoZ) governor with immediate effect.
Dr Kalyalya replaces Michael Gondwe who will be assigned a new role elsewhere.
Meanwhile, President Lungu has appointed Luapula Province Commissioner of Police Malcom Mulenga as Deputy Inspector General of Police with immediate effect.
Mr Lungu has also renewed the contract for Inspector General of Police Stella Libongani for another term starting February 20, 2015 when her current contract expires.

. Kalyalya

Dr Kalyalya has been given a three-year contract and his appointment is pursuant with the powers vested in the Head of State under Section 10 of the BoZ Act number 43 of 1996.
“In your previous assignment as deputy governor – operations, you served commendably well, and your service at the World Bank as alternate and later as executive director for four years was distinct.
You boosted Zambia’s image and you were held in high esteem by your colleagues,” President Lungu said in letter to Dr Kalyalya yesterday.
“Your experience and knowledge in the sphere of economics should stand you in good stead to help our country at a time when we face enormous challenges largely on account of external factors.”
Mr Lungu said the Government would rely on the Central Bank to take measures that could stimulate the economy and widen participation by small and medium enterprises as a veritable strategy for employment creation.
President Lungu paid gratitude to Dr Gondwe for serving with distinction both at home and abroad.
He said that the vast reservoir of knowledge, experience and contacts Dr Gondwe possessed would enable him serve Zambia well in his new role.
This is according to a statement released yesterday by Special Assistant to the President for Press and Public Relations Amos Chanda.
Meanwhile, the appointment of Mr Mulenga was pursuant to the powers vested in the President under Article 44 of the Zambian Constitution.
President Lungu announced last week that he would appoint two deputy inspector generals of police – one for administration and the other for operations – in order to improve service delivery. The other one is Kakoma Kanganja.