Situmbeko Musokotwane

{{Short description|Minister of Finance of Zambia}}

{{Infobox officeholder

| honorific-prefix =

| name = Situmbeko Musokotwane

| birth_name = Situmbeko Musokotwane

| birth_date = {{Birth date and age|1956|5|25|df=y}}

| birth_place =

| death_date =

| death_place =

| spouse =

| children =

| image = Musokotwane, Situmbeko (IMF 2009).jpg

| caption = Situmbeko Musokotwane at the 2009 International Monetary Fund/World Bank meeting.

| imagesize =

| order = Minister of Finance

| term_start = 27 August 2021

| term_end =

| predecessor = Bwalya Ng’andu

| successor =

| president = Hakainde Hichilema

| term_start1 = 2008

| term_end1 = 2011

| predecessor1 = N’gandu Peter Magande

| successor1 = Alexander Chikwanda

| president1 = Rupiah Banda

| order2 = Member of the National Assembly

| constituency2 = Liuwa

| term_start2 = August 2021

| term_end2 =

| predecessor2 =

| successor2 =

| president2 = Hakainde Hichilema

| profession = Economist

| alma_mater = Konstanz University (PhD)
University of Zambia

}}

Situmbeko Musokotwane (born 25 May 1956) is a Zambian politician and economist serving as the Minister of Finance of Zambia since 2021;{{Cite web|last=zamobserver|date=2021-08-27|title=Situmbeko Musokotwane is new Finance Minister|url=https://www.zambianobserver.com/situmbeko-musokotwane-is-new-finance-minister/|access-date=2021-08-27|website=The Zambian Observer|language=en-US}}{{Cite web|title=Zambian President Hichilema appoints new finance minister|url=https://www.swissinfo.ch/eng/reuters/zambian-president-hichilema-appoints-new-finance-minister/46900402|access-date=2021-08-27|website=SWI swissinfo.ch|language=en}} he is also the Member of Parliament for Liuwa.{{Cite web|title=Liuwa {{!}} National Assembly of Zambia|url=https://www.parliament.gov.zm/node/1147|access-date=2021-08-27|website=www.parliament.gov.zm}} Prior to his appointment he served as Minister of Finance from 2008 to 2011 under Rupiah Banda.

Education and career

Musokotwane is PhD holder in Monetary Economics obtained from the Konstanz University in Germany.{{Cite web|title=Zambia : President Hichilema appoints Dr. Situmbeko Musokotwane as the New Finance Minister|url=https://www.lusakatimes.com/2021/08/27/333697/|access-date=2021-08-27|language=en-GB}} 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. 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.

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.

References

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