UPDATE 1-Botswana vice president appointed finance minister in new cabinet

(Adds president quote in paragraph 2)

GABORONE, Nov 11 (Reuters) – Botswana’s Vice President Ndaba Gaolathe will also serve as finance minister, the country’s new President Duma Boko said on Monday, announcing his cabinet.

“We are in a dire economic and financial situation. He has a huge job in his hands. He has to steer us through these choppy and turbulent waters,” Boko said during a news conference.

(Reporting by Brian Benza and Nellie Peyton; Writing by Tannur Anders; Editing by Alexander Winning)

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