FACT: Former BOZ Governor Dr Michael Gondwe Is A Lawyer
Former Bank of Zambia governor who served from 2011 to 2015 is a lawyer.
Dr Gondwe was appointed Governor of the Bank of Zambia on December 12, 2011. He had, prior to this appointment, served as the President and CEO of the Eastern and Southern African Trade and Development Bank, commonly known as the PTA Bank. He assumed the position of President of the PTA Bank on March 27, 2001. He had for 15 years served in senior positions in the PTA Bank before his appointment as President. He had worked for the Zambia Industrial and Mining Corporation (ZIMCO) and the Bank of Zambia before joining PTA Bank.
Gondwe holds law degrees from the University of Zambia and the University of Virginia. He also holds an MBA from Moi University as well as a Diploma in Finance from the Kenya College of Accountancy. He is an alumnus of the Advanced Management Program of the University of Oxford.
Other central bank governors who aren’t economists are:
- John Rwangombwa – Governor – Rwanda: Accountant.
- Haruhiko Kuroda – Governor – Japan: Lawyer
- Nor Shamsiah Mohd Yunus – Governor – Malaysia: Accountant.
- François Villeroy de Galhau – Governor – France – Engineer
- Andrew Bailey – Governor – England – Ba and PHD in History.
It is not a mistake that the Zambian Constitution also allows the appointment of different professionals to the position of Bank of Zambia governor because the institution itself already has a large number of economists and other technocrats.