Situmbeko Musokotwane

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Situmbeko Musokotwane
Musokotwane, Situmbeko (IMF 2009).jpg
Situmbeko Musokotwane at the 2009 International Monetary Fund/World Bank meeting.
Minister of Finance
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27 August 2021
PresidentHakainde Hichilema
Preceded byBwalya Ng’andu
Member of the National Assembly for Liuwa
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August 2021
PresidentHakainde Hichilema
Minister of Finance
In office
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PresidentRupiah Banda
Preceded byN’gandu Peter Magande
Succeeded byAlexander Chikwanda
Personal details
Situmbeko Musokotwane

(1956-05-25) 25 May 1956 (age 65)
Alma materKonstanz University (PhD)
University of Zambia

Situmbeko Musokotwane (born 25 May 1956) is Zambian politician and Economist and the Minister of Finance of Zambia he is also Liuwa Member of Parliament. 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. 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 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.


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