Situmbeko Musokotwane
Situmbeko Musokotwane | |
|---|---|
.jpg) Musokotwane at the 2026 IMF-World Bank Spring Meetings. | |
| 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 September 2011 | |
| Preceded by | Hastings Imasiku |
| 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 a 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]
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.
After Rupiah Banda was elected as the President of Zambia, Banda appointed Musokotwane as Finance Minister,[5] where 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 his tenure as the Minister of Finance, he was adopted by the Movement for Multi-Party Democracy to be their candidate in Liuwa constituency for the 2011 general election and he was elected.[6][3] Ahead of the 2016 general election, he was adopted by the United Party for National Development (UPND) to recontest his seat in Liuwa constituency and he was re-elected.[6][3] In September 2018, he was appointed as the UPND's party whip in Parliament.[7] In 2021, he stood again as the UPND candidate in Liuwa constituency and he was elected for his third consecutive term as MP.[6][3]
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 in September 2021 by President Hakainde Hichilema.[4][8][9]
Musokotwane decided to stand again as the UPND candidate in Liuwa constituency at the 2026 general election.[10] After the filing of nominations by aspiring candidates, Musokotwane only had one challenger.[10] On 27 May 2026, the challenger withdrew and Musokotwane was automatically re-elected unopposed as the member of parliament for Liuwa constituency for the upcoming term.[10][11]
References
- 1 2 zamobserver (2021-08-27). "Situmbeko Musokotwane is new Finance Minister". The Zambian Observer. Retrieved 2021-08-27.
- ↑ "Zambian President Hichilema appoints new finance minister". SWI swissinfo.ch. Retrieved 2021-08-27.
- 1 2 3 4 "Liuwa | National Assembly of Zambia". www.parliament.gov.zm. Retrieved 2021-08-27.
- 1 2 3 4 "Zambia : President Hichilema appoints Dr. Situmbeko Musokotwane as the New Finance Minister". Retrieved 2021-08-27.
- ↑ Zambia: Banda Unveils Cabinet - AllAfricaA
- 1 2 3 "Situmbeko Musokotwane | National Assembly of Zambia". www.parliament.gov.zm. Archived from the original on 2025-11-08. Retrieved 2026-03-01.
- ↑ Tuesday, 18 September 2018 - National Assembly of Zambia
- ↑ gregkawere (2021-09-11). "Zambian President Hichilema's 1st cabinet – 25 ministers (21 males & 4 females)". Povo News. Retrieved 2025-08-05.
- ↑ "HH Names Full Cabinet, Appoints New BOZ Governor". Open Zambia. 2021-09-08. Retrieved 2025-08-10.
- 1 2 3 "Zambia : ACC urged to probe candidate withdrawals ahead of August elections". Lusaka Times. 2026-05-28. Retrieved 2026-05-29.
- ↑ SICHULA, AUGUSTINE (2026-05-28). "Mwamba calls on anti-graft agency to probe candidates withdrawing from political race | Zambia Monitor". Retrieved 2026-06-06.
External links