An accomplished Economist, Investment Analyst, Strategic Planner, Risk Manager, Business and Development Professional with over twenty five years of working experience, thirteen years of which are at Chief Executive Officer level with proven skills in banking, economic research, project management, business planning, mining and energy project management. Versatile, innovative and accomplished professional whose other areas of qualification, competence and skill include; human resource management, business/investment promotion, and facilitation. Also has experience in country, institutional and personnel capacity building.
Overview
36
36
years of professional experience
Work History
Country Head
Maamba Collieries (Zambia) Limited
Lusaka, Zambia
03.2024 - Current
Responsible for all aspects of Maamba Collieries Limited (MCL)’s dealing with its customers and other organizations and for all business relations and facilitation of all interactions, including at highest Government levels and ensuring favorable representation of MCL’s interests
Collected US$650m worth of arrears from ZESCO, MCL's single electricity customer.
Crafted and continuously review MCL’s Strategy Directing operations of MCL so as to ensure timely and full implementation of its strategy, chief amongst which is facilitation, construction and ensuring full commissioning of MCL’s newest investment in Southern Zambia, thermal power plant. Overall management of MCL’s various investments in Zambia to ensure acceptable return to shareholders
Taking leadership role in promoting MCL’s strategic alliances with various stakeholders
Managing and directing team of dedicated professionals in keeping MCL’s vision to invest in and retain best human resources for value delivery.
Coordinating and enhancing MCL’s knowledge and technological transfer, through various capacity building programs
Outlining and leading implementation of MCL’s robust and high impact Corporate Social Responsibility program.
Managing Director and Chief Executive Officer
Development Bank of Zambia
Lusaka, Zambia
06.2012 - 12.2018
I was accountable to Bank’s Board of Directors and responsible for overall executive and efficient management of Bank
I performed this role by: Planning, driving and implementing strategic process of Bank, Presenting to Board of Directors and its Sub-Committees all matters relating to operations of Bank chief amongst which was supervision and implementation of all projects appraised by bank and overall project management of bank’s loan and investment portfolio, Assuming overall responsibility over Bank’s drive to raise resources, Establishing and maintaining strategic alliances with various stakeholders, Creating sustainability in investment transactions, including developing sound relationships with other financial institutions and investors to enhance effective partnership, Ensuring Bank is run in line with best practice and statutory and legal requirements, including all provisions of DBZ Act, Managing financial and human resources, Bank’s organization and methods, systems as well as fixed and movable assets, Managing team of dedicated professionals in keeping with Bank’s vision to invest in and retain best human resources for value delivery, Overall management of Bank in ensuring acceptable return to shareholders, Ensuring acceptable level of portfolio quality by implementing various internal controls and quality control measures aimed at ensuring minimal credit losses, Taking lead in marketing Bank’s major initiatives such as new product development and target marketing and Working with partner Development Financial Institutions in enhancing knowledge transfer, technological transfer, through various capacity building programs.
Coordinator – Strategic Planning and Monitoring Unit
Bank of Zambia
Lusaka, Zambia
01.2009 - 06.2012
Played key role in formulation, monitoring and implementation of Bank of Zambia plans (short, medium and long term) relating to strategic planning and organizational governance effectiveness
In performing this role I have achieved following: Managed Strategic Planning Unit of Central Bank effectively resulting in all Central Bank’s departments’ compliance with process of implementing Strategic Plan in line with Central Bank’s set objectives
Coordinated crafting of new Strategic Plan for Bank of Zambia, Facilitated training and development of all Central Bank employees in courses designed to enhance strategic planning process and goal setting, Coordinated annual reviews of Strategic Plan in order to project Bank’s performance against set targets and areas needing attention in future, Prepared effective budgets for Strategic Plan Unit that ensured clear linkage between Strategic Plan activities and Central Bank’s annual budget, Facilitated formulation and review of policies and practices aimed at creating environment which brought about creativity, innovation and change management and established incentives aimed at encouraging departments to achieve Strategic Plan
Facilitated setting up of Project Management Office (PMO) in Strategic Planning Unit.
Director General and Chief Executive Officer
Zambia Investment Centre (now part of Zambia Development Agency)
Lusaka, Zambia
01.2003 - 02.2006
Played main role of promoting, co-coordinating Government policies on and facilitating as well as licensing investment in Zambia
During tenure as Chief Executive Officer, achieved following: Effectively marketed Zambia as ideal investment destination and as consequence during tenure of office attracted new investment in excess of US $3 billion
Got Presidential appointment as member of Task Force on establishment of Zambia’s Multi-Facility Economic Zones, Served on five quasi government and one private companies’ Board of Directors, Was part of team that organized and published report on first World Bank book on doing business in Zambia (2006), Organized first survey on Foreign Assets, Liabilities and Investor Perceptions in Zambia (2004), Re-organized and restructured Investment Centre and managed to get more resources both financial and technical from Zambian government and European Union and was able to employ more qualified personnel
In this regard was able to set up Business Development and Customer After-Care Department within Institution, Initiated investment promotion conferences in London and South Africa, Conducted twelve successful investment promotion missions and road shows abroad, Assessed technical, commercial and economic viability and licensed over 1000 investors who set up successful businesses in Zambia.
Senior Economist
Bank of Zambia
Lusaka, Zambia
08.1996 - 12.2002
Played key role in planning, supervision and coordination of operations in Balance of Payments and Macroeconomic analysis units of Bank of Zambia
Ensured timely production of analytical and research reports on developments in external and macroeconomic sectors of Zambia.
Lecturer in Macroeconomics
University of Zambia
Lusaka, Zambia
01.1993 - 08.1996
Increased student interest by incorporating real-world examples into lessons and connecting material to relevant experiences.
Evaluated student progress through regular assessments, providing detailed feedback for improvement and growth.
Graded quizzes, tests, homework, and projects to provide students with timely academic progress information and feedback.
Collaborated with faculty and staff to create meaningful learning experiences.
Guided students in researching, structuring and presenting debate case.
Senior Projects Officer
Development Bank of Zambia
Lusaka, Zâmbia
07.1988 - 01.1993
Developed and monitored project schedules, budgets and objectives for successful completion.
Evaluated completed projects for lessons learned, incorporating feedback to refine future initiatives and drive ongoing improvement.
Reported regularly to managers on project budget, progress, and technical problems.
Secured necessary resources for project execution, including budget approval, personnel assignments, and equipment procurement.
Education
PHD. Business Administration (Finance) -
International School of Management
MSc. Economics -
Southern Illinois University at Carbondale
BA. Economics and Mathematical Statistics -
University of Zambia
Skills
Business Objective Analysis
Operations Management
Analytical problem solver
Monitoring and Evaluation
Personal Information
Place of Birth: Chingola, Zambia
Date of Birth: 10/22/1964
Gender: Male
Awards
Fellowship: African Training for Leadership and Advanced Skills – African-America Institute, New York, USA.
African Graduate Research Fellow – Southern Illinois University, Carbondale, USA.
Certificate of Recognition for Outstanding Contribution to the Bridges to Other Cultures Awareness Camp – International Programs Service, Carbondale, Illinois, USA.
MEFMI Fellow in Domestic Debt and Capital Markets, Harare, Zimbabwe.
Other Qualifications
Post graduate diplomas and certificates in;
Project Preparation Appraisal, and Reporting and the Computer Model for Feasibility Analysis and Reporting (COMFAR) – United Nations Industrial Development Organization (UNIDO).
Financial Programming and Policy – International Monetary Fund (IMF).
Central Banking Policy and Operations – Bank of England’s Center for Central Banking Studies (CCBS), London, UK.
Economic Modeling and Forecasting – CCBS, London, UK.
Macroeconomic Analysis and Management - Harvard Institute for International Development.
Monetary Policy Formulation and Implementation – IMF.
Facilitation, Consulting, Research and Management Skills – Resource Development and Management Associates, Arusha, Tanzania.
Capital Markets – New York Institute of Finance, New York, USA.
Attachment to the Debt Management Office, Bank of England, London.
Attachments to the Bond Exchange of South Africa, the Johannesburg Stock Exchange and the South African Reserve Bank.
Government Debt Management – CCBS, London, England.
Central African Leadership Program, the British Council.
Research and Training Fellow of MEFMI.
Strategic Leadership, Crown Agents.
Knowledge Management, Bank Negara, Malaysia.
Policy and Strategic Planning, Royal Institute of Public Administration, United Kingdom.
Publications
Interest Rates and Commercial Banks Loans, October 2023, International Journal of Innovative Science and Research Technology, ISSN No. 2456-2165.
Leadership Styles and Performance of SMEs, September 2023, International Journal For Multidisciplinary Research, ISSN No.2582-2160.
Deficit Financing and Unemployment in a Developing Economy-Evidence from Zambia, 1st version, December 1988, presented to the Economics Association of Zambia annual conference, 2nd version, 1994.
Financial Markets and Credit Rationing – Their impact on Investment (1994).
Division of Nominal Income Changes between Prices and Output (1994).
Co-authored the Zambia Human Development Report (1996), published by the UNDP.
The Asian Crisis: What Experience and Lessons for Africa (1991), published by MEFMI in their Quarterly Journal.
Domestic Debt and Capital Markets Developments in Zambia (1999), published by MEFMI.
References
Mr. Robert Chomba, Past Board Chairman, Development Bank of Zambia and Entrepreneur, PO Box 33955, Lusaka, +260 966 796400/ 960 129658
Dr. Moses Banda, Country Director at Vedanta Mines and Economic Consultant, PO Box 350057, Chilanga, +260 977770104, mosesbanda@zamtel.zm
Mr. George Silutongwe, Group Managing Director, Zambia State Insurance Corporation, PO Box 31933, +260 211 221758, +260 977 872894, gsilutongwe@zsic.co.zm
Extracurricular Activities
Chairman of the Board of Governors of the International School of Lusaka (a multinational and multiracial international school offering primary and secondary education up to A-level). Served as a Member of various Boards of Directors including NORSAD (a Development Fund based Gabarone, Botswana), Zambia Forestry Company (ZAFICO), Southern Africa Development Community Development Finance Institutions (SADC DFI), Kaleya Small Holdings (Sugarcane Plantation and The Africa Hope Foundation (An orphanage situated in Chisamba). Actively participates in community development and charity activism Enjoys fishing, gardening, rugby, football, golf, keeping fit, music, traveling and reading.
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Timeline
Country Head
Maamba Collieries (Zambia) Limited
03.2024 - Current
Managing Director and Chief Executive Officer
Development Bank of Zambia
06.2012 - 12.2018
Coordinator – Strategic Planning and Monitoring Unit
Bank of Zambia
01.2009 - 06.2012
Director General and Chief Executive Officer
Zambia Investment Centre (now part of Zambia Development Agency)