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Investors Buy Zambian Bonds After President Fires Finance Minister

Zambian President Edgar Lungu

Zambian President Edgar Lungu

Photographer: Gulshan Khan/AFP via Getty Images

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Bwalya Ng’andu was sworn in as Zambia’s new finance minister, a day after Margaret Mwanakatwe was fired from the post.

Ng’andu, 64, a former deputy governor of Zambia’s central bank, is the third person to hold the post in three years. He was sworn in at a ceremony at the presidency in the capital, Lusaka.