Chief Executive Officer Mukwandi Chibesakunda | |
---|---|
CEO of Zambia National Commercial Bank | |
Assumed office 2020 | |
Personal details | |
Born | Mukwandi Walusiku Chibesakunda 3 December 1970 Zambia |
Spouse | Chita Chibesakunda |
Children | 4 |
Alma mater | University of Zambia, Manchester Business School |
Mukwandi Walusiku Chibesakunda (born 3 December 1970) is a Zambian accountant and bank executive who is chief executive officer of Zambia's largest bank, the Zambia National Commercial Bank. She is the first female to hold the position. In 2022, she won the African female leader of the year. [1] [2] [3]
Mukwandi was born in Lusaka Zambia to Walusiku and Theresa Kamutumwa. She attended primary at a trust school on the Copperbelt, Lusaka and Roma girls, and graduated with Bachelor of Arts Degree in Economics at the University of Zambia. Her father was a Permanent secretary in the Ministry of Finance and also served as COMESA director of administration. He also worked for Cabinet Office and her mother hails from Shang’ombo. [4]
Mukwandi has a postgraduate diploma in Business Administration from Manchester Business school in the United Kingdom (UK). She attended an International Credit Skills Assessment Programme at Omega performance in the UK. She is pursuing an MBA accelerated programme at Alliance Manchester Business school in the UK. [5] [6] [7]
Chibesakunda joined the banking sector earlier in her life. Previously, she was President of the Zambia Institute of Banking and Financial services. She then served as managing director of NATSAVE, a fully Zambian owned bank. Later, she was appointed CEO of the Zambia National Commercial Bank, Zanaco. [8]
Zambia is a developing country, and it achieved middle-income status in 2011. Through the first decade of the 21st century, the economy of Zambia was one of the fastest-growing economies in Africa, and its capital, Lusaka, the fastest-growing city in the Southern African Development Community (SADC). Zambia's economic performance has stalled in recent years due to declining copper prices, significant fiscal deficits, and energy shortages. The economy has been reliant on mineral extraction since the 1920s, in particular copper.
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