Zambian president replaces finance minister

Zambia’s president Edgar Lungu has fired the country’s finance minister and replaced her with the deputy governor of the central bank, Bwalya Ng’andu.

No reasons for the dismissal of Margaret Mwanakatwe were given in the announcement that was made on Sunday evening.

Mr Lungu simply thanked Ms Mwanakatwe for her services and wished her well in her future endeavours.

Recently, Zambia has been grappling with increasing debt levels.