Preferential trade area (PTA) bank governor dr Michael ngondwe has been appointed as bank of Zambia governor and parliament is this afternoon expected to ratify is appointment.
According to sources the select committee is expected to conclude its recommendations and table them before parliament sine die.
Dr ngondwe has a successful career as governor from the region development bank known as the preferential trade area (PTA) bank and is based in Nairobi Kenya.
Dr ngondwe has been instrumental in securing long term finance for Zambian industries and at one time managed to secure $30million for Zambezi Portland cement.
Recently PTA bank made history when dr ngondwe secured a $1billion Eurobond share and the initial issuance of the $300million PTA bond trading at the Luxemburg stock exchange was over subscribed.