Bank of Zambia Governor Dr. Denny Kalyalya has assumed the Chairmanship of the Association of African Central Banks (AACB). Dr. Kalyalya was elected Chairman at the AACB’s 45th Annual Meetings, which were held in Livingstone, Zambia from July 30 to August 4.
In his acceptance speech, Dr. Kalyalya thanked all previous Chairpersons and pledged commitment to the Statutes of AACB during the Bank of Zambia’s tenure. He also acknowledged the cooperation and support of the Southern Africa Sub-Region and all AACB Governors in helping him reach this position.
“Let me reiterate what I said last year on being elected Vice Chairperson – for us to reach this position it has not entirely been on our own efforts, rather it has come about because of the cooperation and support of firstly, colleagues in the Southern Africa Sub-Region, and secondly, to you all Fellow Governors in AACB. We are truly humbled by the trust you have shown in us,” Dr. Kalyalya said.
Dr. Kalyalya previously served as Vice Chairperson to Mr. Buah Saidy, Governor of the Central Bank of the Gambia. He is a respected economist with over 20 years of experience in the financial sector.
As Chairman of AACB, Dr. Kalyalya will be responsible for leading the Association’s work on a range of issues, including monetary policy, financial stability, and economic development. He will also represent AACB on the international stage.
The AACB is a pan-African organization that brings together central banks from across the continent. The Association’s mission is to promote cooperation and coordination among central banks in order to achieve macroeconomic stability and sustainable economic development in Africa.