Lubinda Haabazoka

I Was Asked To Condemn Dr Kalyalya’s Dismissal But I Refused For Our Economy’s Sake, Reveals Haabazoka

Economics Association of Zambia president Mr Lubinda Haabazoka has bemoaned the tribal insinuations surrounding the firing of Denny Kalyalya as Bank of Zambia (BoZ) governor who has been replaced by Mr Christopher Mvunga.

Speaking on Muvi TV’s The Assignment programme on Sunday night, Mr Habazooka noted that it was people with intentions to hold political office who were championing tribalism.

He disclosed that some politicians approached him and told him to issue a statement condemning the dismissal of Dr Kalyalya but he refused.

“Now there’s this issue of tribalism, that a Tonga has been fired and an easterner has been appointed. That is very bad. People that want to hold political office are the ones championing these things. When BoZ governor Denny Kalyalya was fired, they wanted me to condemn that but do you know what that would have meant? Kwacha would have been affected badly because Bloomberg would have picked what we said and that would have sent wrong signals in the market,” he said.

And Haabazoka said he would be doing a disservice to himself if he said that President Edgar Lungu did well to fire Kalyalya.

“The President has more information than all of us, so he knows why he made those changes. Kalyalya was open to us just like Mvunga, they were these 24/7,” he said.

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3 COMMENTS

  1. Just say you can’t bite the finger feeding you right now to maintain your expensive half! Don’t bring tribalism where it’s clearly evident! We are not kids!

  2. Lubinda Haabazoka you are not principled because you have been partisan and always defending the wrongs of the PF government. The Economic Association of Zambia is a very important institution which you should independently offer guidance on economic matters to the Zambian government. Leadership should not be compromised and speaking the truth when things go wrong is not a crime or working against the PF government. Also, why should Haabazoka tell us that the opposition political parties encouraged him to comment on the dismissal of Dr. Danny Kalyalya, his utterances shows that he is very compromised puppet of the PF government. Also, during his reign at the EAZ the man has literally done nothing except being a praise singer of President Edgar Lungu.

    Zambia’ s economy has shrinked and the Kwacha is bleeding and the inflation is too high. Has the EAZ commented or offered any tangible position paper on the bad economy of Zambia? Haabazoka should stop telling lies because his knowledge he acquired from Russia in business studies is purely academic and has little to the contribution to economic growth of Zambia. When the economy is collapsing we expect the Economic Association of Zambia to speak out freely and offer alternative guidance and direction to government.

  3. STRANGE, YOU SAY YOU REFUSED BUT YOU ARE TALKING ABOUT THE SAME THING ON ELECTRONIC MEDIA, ARE YOU NOT CONTRADICTING YOURSELF. (WEED)

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