Parliament is Thursday afternoon expected to ratify the appointment of Michael Gondwe as Bank of Zambia governor, according to radio Phoenix.
Dr. Michael Gondwe is the president (CEO) of the Eastern and Southern African Trade and Development Bank or PTA Bank (Preferential Trade Area Bank) in short. PTA is currently headquartered Bujumbura, Burundi butbhas regional offices in Nairobi, Kenya.
Gondwe holds law degrees from University of Zambia and the University of Virginia as well as a Masters in Business Administration. He is also a board member of the Gulf African Bank
The PTA Bank is owned by eighteen countries of Easten and Southren Africa exceptSouth Africa. In 2000,Chinawas the first non-regional member state to join the PTA Bank.
Gondwe is therefore joining a smaller bank.