Finance, Fin-Tech & Economic Performance

Global Banking and Finance Review name ABSA Zambia Head Mizinga Melu 2020 CEO of the year

Absa Zambia’s head Mizinga Melu has been named 2020 Zambia’s Banking Chief Executive Officer of the year according to Global Banking and Finance Review. This was in addition to Absa being voted best Corporate Bank and best Corporate Socially Responsible Bank among the list of accolades the rebranded bank received this week.

Absa just completed a unique Africanacity rebranding whose icing was metamorphosis of legal persona from Barclays Plc to Absa Zambia Plc in February. Mizinga has driven performance of the Zambian unit harder growing its balance sheet aggressively as the credit book expanded over 60% from the time she was appointed as Managing Director. Absa has been key in Zambia’s economic growth agenda financing sectors ranging from mining to agriculture and has to date provided over K450million of COVID relief packages to counterparts that have been adversely impacted by disease pandemic credit risks. The bank has been a major player in the digitization agenda of the financial sector through integration with Mobile Network Operators – MNOs and significant investments in platforms that make transact ability efficient.

It is a proud and humbling moment that we continue to receive international recognition for the banking solutions that we offer, especially after going through a critical transition to Absa. These five awards are a culmination of the work that we continue to put into ensuring that we provide our customers with best in class service and innovative products that are in line with global banking trends. We would like to sincerely thank our customers and stakeholders for their continued support. Our commitment to putting them at the heart of everything we do remains unwavering,” The visbily happy Absa Managing Director commented.