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Kalyalya Returns as Bank of Zambia Governor After Shock Exit

Zambia’s $1 billion bonds due 2024 were little changed at 77 cents on the dollar by 8:41 a.m. in London on Tuesday.
Kalyalya was fired in August last year by then-President Edgar Lungu, a move that shocked the financial markets. He was replaced by Christopher Mvunga, who quit earlier this month. Hichilema trounced Lungu in elections in August, giving him the power to name the new governor.
Source: Bloomberg Business News