Lusaka Securities Exchange – LuSE listed Zambia National Commercial Bank Plc (ISIN: ZM0000000250) announced the appointment of Mukwandi Chibesakunda as Chief Executive Officer effective 01 November 2020 succeeding Henk Mulder who has leaped the indigenous bank to retain its market share as one of Zambia’s top 5 banks in a financial sector with 18 commercial banks. The big strong reliable bank prides itself as a digital bank with immense presence having focused on credit extension to the SME and agriculture sectors. On Mulders clock the bank has undergone significant repositioning as it seeks to be the countries most profitable institution.
Ms. Chibesakunda is a seasoned banker with a pedigree of excellence having served in senior capacities over a decade and half. She has served as first female Managing Director for Access Bank Zambia Ltd and prior to this recent appointment served as Managing Director for National Savings and Credit Bank driving it digital agenda to heights. She has also served in Executive capacities at Stanbic Bank Zambia as Head of Personal and Business Banking and at Standard Chartered Bank Plc as Executive Director Consumer Banking. The genesis of her banking career was at Bank of Zambia where she served as Inspector in charge of 14 banks under liquidation.
Ms. Chibesakunda is an economist from University of Zambia who also holds a Master of Business Administration and a postgraduate diploma in Business Administration from Manchester University.
Ms. Chibesakunda featured in the Forbes Magazine as driven Chief Executive Officer of a state owned savings and credit bank, against the odds, injecting life through embedding governance and digitization in the transformation process. She has also been very instrumental and influential at The Africa List level and has earned various awards as a leader that drives performance harder.
The Kwacha Arbitrageur