Standard Chartered Bank ZAMBIA Announces New Board Chairperson – Dolika Banda

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Standard Chartered Bank ZAMBIA announces the appointment of Madame Dolika Banda as Board Chairperson.

Press statement by Standard Chartered Bank CEO – Mr. Sonny Zulu.

I am delighted to announce the appointment of Dolika Banda as the new Chair of the Board of Standard Chartered Bank Zambia Plc , effective 1st November 2023.

Dolika is the first-ever female Chair of the board of Standard Chartered Bank Zambia Plc. We are exceptionally proud of this and her achievements.

As a bank, one of our key strategic priorities is to lift the participation of women in our economies. We are confident that Dolika will serve as an inspiration to our female bank colleagues and add value not only to the Banks women’s empowerment journey, but to the national agenda more widely.

Dolika is extensive local and international executive experience makes her the best fit to oversee the future of our bank. I have no doubt that Dolika will add great value as we embark on the next phase of our transformational and disruptive banking journey.

Dolika replaces immediate past Chair, Dr. Caleb Fundanga, who retired from the Board earlier this year after serving for 6 years.


Ms. Dolika E S Banda has extensive and deep experience in development finance, and is an Independent Consultant focused on accelerating impact-driven transformational economic development in emerging markets, with a particular focus on sub-Saharan Africa integration.

Equipped with natural leadership talent and proven decisive business acumen, Ms Banda is a globally exposed and versatile C-suite executive, bringing over 30 years of emerging markets development finance experience with a global purview. She has had oversight for portfolios of several billion US-dollars across the globe, managed by diverse multi-cultural teams in multiple geographic locations.

With an over 36-year career, Ms Banda has held senior positions with Citibank Zambia, Barclays Bank Zambia, the World Bank Group’s International Finance Corporation (IFC), the UK government’s development finance institution (CDC Group Plc) and the African Union’s African Risk Capacity Insurance Company (ARC Ltd). With a focus on banking and finance, her international experience combines operational investments as well as policy advice. She has worked across the globe, including Africa, Latin America and the Caribbean, Europe, Central Asia and the United States of America.

Ms Banda has served in various capacities including being the CEO of the African Risk Capacity Insurance Company (ARC Ltd) and worked for the IFC for 16 years from 1996 to 2012, mainly based in Washington DC. Her current board directorship roles include; CARE International USA, CDC Group Plc and Harith General Partners in South Africa.

Ms Banda’s board skills include Business alliances, Financial leadership, Financial management, Organizational leadership, Policy optimization, Relationship management, Shareholder accountability and Strategic planning.