Leadership Timeline

Records

Denny Kalyalya

Zambian economist serving a second term as Governor of the Bank of Zambia, reappointed in September 2021.

CurrentLatest source dated 2026-05-13Last reviewed 2026-10-26

What roles did Denny Kalyalya hold, and when?

Roles in date order

  1. 2019-12
    Borrower Representative, IDA18 and IDA19, International Development Association (World Bank) Former

    Represented borrowing countries in IDA replenishment negotiations.[1]

  2. 1998 to 2002
    Director (Economics), Bank of Zambia Former

    Headed the central bank's economics function.[2]

  3. 2002 to 2010
    Deputy Governor (Operations), Bank of Zambia Former

    Deputy head of the central bank responsible for operations.[1, 2]

  4. 2010 to 2012
    Alternate Executive Director, World Bank Group Former

    Alternate board member for the 22-country Africa Group One constituency.[1, 2]

  5. 2012 to 2014
    Executive Director, World Bank Group Former

    Board member representing the 22-country Africa Group One constituency.[1, 2]

  6. 2015-02 to 2020-08-22
    Governor and Chairman of the Board, Bank of Zambia Former

    Head of Zambia's central bank, appointed by President Edgar Lungu; contract renewed for five years in 2018; removed in August 2020.[1, 3, 4, 5]

  7. 2019-06
    Non-Executive Director, African Export-Import Bank (Afreximbank) Date uncertain

    Member of Afreximbank's board of directors.[1]

  8. 2021-04
    Independent Co-Chair, IDA20 Replenishment, International Development Association (World Bank) Former

    Co-chaired the twentieth IDA replenishment negotiations with Axel van Trotsenburg.[1, 5]

  9. 2021-09-27
    Governor, Bank of Zambia Current

    Reappointed head of Zambia's central bank by President Hakainde Hichilema, about 13 months after his removal. Last confirmed in office at the 13 May 2026 Monetary Policy Committee briefing.[6, 5, 7]

Sources

  1. Statement on New Independent Co-Chair of the IDA20 ReplenishmentWorld Bank, 2021-04-01, primary source
  2. Denny H. KalyalyaInternational Growth Centre, primary source
  3. President Lungu appoints Denny Kalyalya new Bank of Zambia GovernorLusaka Times, 2015-02-13, secondary source
  4. President Lungu extends Kalyalya's contract as central bank governorLusaka Times, 2018-05-18, secondary source
  5. Denny Kalyalya reappointed Zambia's central bank governor 13 months after terminationThe Business Telegraph, 2021-09-27, secondary source
  6. BoZ cuts monetary policy rate to 13.25%Lusaka Times, 2026-05-13, secondary source
  7. Bank of Zambia cuts lending rate as inflation falls, reserves hit record US$6.5 billionZambia Monitor, 2026-05-13, secondary source

Change history

  • 2026-10-26 Record published.

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