Caleb Fundanga
Dr Caleb Mailoni Fundanga is a Zambian economist, who was governor of Zambia's central bank, Bank of Zambia from 2002 to 2011.
Family background
He was born in Mufulira, but the family later moved to Kabwe in Central Province. His parents were originally Nsofu in Mkushi district. His father was a trader and owned a small grocery, and his mother was a farmer. He first went to Mulungushi Primary School, then Imanza Primary School, which was a boarding school. In 1967 he entered Mumbwa Secondary School, a First National Development Plan school. He completed his secondary school 1971 and went the University of Zambia (UNZA) from 1972. [1]
He is married and has three children.
Career
Dr Fundanga was appointed governor of the Bank of Zambia from March 2002 to 2011 after serving as Senior Advisor to the President of the African Development Bank in Abidjan, Cote D’Ivoire from 1998. In 2006 he was named Global Central Banks for 2006 by the magazine The Banker.
Dr. Fundanga further served as an Executive Director at the African
Development Bank. Dr. Fundanga also served as Permanent Secretary in the
Ministry of Finance for six years at Cabinet Office before finally winding up in
the Office of the President as Permanent Secretary in charge of the National
Commission for Development Planning. Some of his achievements include the
Banker Magazine Award of “Central Banker of the Year – Global and Africa” at
the beginning of 2007, as well as the Emerging Markets Magazine Award of
“Central Banker of the Year 2007”, bestowed in September, 2007 in Washington
DC. He was also awarded the “Central banker of the Year 2008” by the Annual
meetings Daily Magazine. Dr. Fundanga is currently Alternate Governor of the
IMF Board of Governors. Further, he is a Member of the African Export and
Import Bank Board and Executive Committee. He also serves as Board member
and Vice Chairman of the Zambia Revenue Authority. He is currently the
Chairman of the Junior Achievement Zambia Board and is also served as
Chairperson of the Programmes Committee of the African Research Consortium.