Thursday, June 18, 2015

PROFILING ZAMBIA’S RICHEST ENTREPRENUERS


 Valentine Chitalu
Mr. Valentine Chitalu, MPhil, BAcc, FCCA serves as Non-Executive Partner at IZWE Loans, the current MTN Zambia Chairman. Mr. Chitalu has 17 years’ experience in the fields of private equity, privatization, merchant banking, corporate finance, accounting, auditing, development economics, capital markets and business development in transitional economies. He served as the Chief Executive Officer of Zambia Development Agency. Before becoming an entrepreneur in 2004, he served as a Central African Executive Director of CDC (formerly, Commonwealth Development Corporation). Mr. Chitalu joined CDC Group Plc in July 1999, specializing in deals origination throughout Southern Africa and portfolio management in Zambia and Malawi. He served as a Regional Director of CDC/Actis until December 2003. He served as the Chief Executive Officer of Zambia Privatisation Agency, where he was responsible for the divestiture of over 240 enterprises. Mr. Chitalu served as an Executive of African Energy Resources Limited Zambia of Energy Ventures Limited since August 19, 2005. He served as an Assistant Manager at KPMG Peat Marwick and as Manager at Meridien Financial Services. He serves as the Chairman of Phatisa Fund Managers L.L.C. He serves as the Chairman of Kifco packaging. Mr. Chitalu serves as the Chairman of Zambian Breweries Plc.; National Breweries Plc; MTN Zambia Limited; Imara Africa Opportunities Fund; and OVAL Biofuels Limited. He served as the Chairman of Albidon Zambia Limited since 2005. He has been a Non Executive Director of African Energy Resources Limited since August 22, 2006. Mr. Chitalu serves as a Director of AgDevCo and Casa Mining Limited. He serves as a Director of Platmin Congo, Tíona Fund, African Life Financial Services Zambia Limited and InfraCo (UK) Limited. Mr. Chitalu serves as a Non-executive Director of Africa Banking Corporation. He has been a Non-Executive Independent Director of Super Group Limited and a Board Member of African Parks Network. Mr. Chitalu serves as a Director of Zambia Bottlers Limited and Zambian Breweries PLC. He serves as a Non-Executive Director at CDC Group plc. Mr. Chitalu served as a Non Executive Director of Gemfields Plc (also known as Gemfields Resources Plc) since September 1, 2005. He served as a Director of Albidon Limited from April 18, 2007 to May 2011. He serves as a Member of the Technical Advisory Panel of the Public Private Infrastructure Advisory Facility of the World Bank based in Washington. Mr. Chitalu is a Fellow of the Chartered Association of Certified Accountants (ACCA) in the United Kingdom and holds a practicing certificate from the Zambia Institute of Certified Accountants. He holds a Master's degree in Development Economics from Cambridge University in the U.K. Mr. Chitalu also holds a Master's degree in Finance and Politics of Development and a Bachelor's degree in Accounting and Finance. He graduated with an M. Phil in Development Economics from Kings College, University of Cambridge in 1987. He holds BAcc, with Distinction from University of Zambia.

Geoffrey Bwalya Mwamba
Aka GBM, Geoffrey Mwamba of the GBM Group currently owns and runs Zambia’s second-largest maize mill, a 28-strong luxury bus fleet, a 5 traditional beer brewery, and markets foodstuffs. He also plays the money markets. However, although the son of Zambia’s first African minister of agriculture, this 50-year-old entrepreneur began his business empire with a $1,000 loan from his mother. He is believed to have investments outside Zambia and specifically South Africa. He also owns a fleet of trucks. Among the company he owns are GBM milling, Arizona, Multitrade and New Dawn.

Hakinde Hichilema
Born in 1962, he is not only the leader of Zambia’s biggest opposition political party, UPND, but also a successful business mogul and commercial farmer. His business entities are pervasive in the entire southern Africa and UK. He is one kind of a guy who emerged from humble background in the village of Monze to become one of Southern Africa’s successful entrepreneurs. He holds BA Economics and Business Administration (University of Zambia) and an MBA Finance and Business Strategy (University of Birmingham, United Kingdom).
HH served/serves on numerous (25) boards of corporate entities including; Chairman of the Board of Directors – Barclays Bank Zambia Plc., Chairman of the Board of Directors – Sun International (Z) Ltd, First Chairman of the Board of Directors, Africa Trade Insurance (ATI) a multilateral Pan African organization based in Kenya, Chairman – Greenbelt Fertilizers Limited, Chairman – Media Trust Fund, Chairman – Export Development Programme II, Chairman – More Beef Zambia, Director – Zambia Investment Limited, Director – Seedco Zambia Limited, Director – African Life Financial Services, Director – Zambezi Nickel (Bermuda) Limited, Director – Westlake Investment Ltd. (Mauritius), Board Member – Zambia Association of Chambers of Commerce and Industry (ZACCI),Member – Zambia Business Forum, Served for seven years on the Coopers & Lybrand’s Africa Governing Board, Served on Coopers & Lybrand’s International’s Governance Committee, Served as Non-Executive Director – Zambia Consolidated Copper Mines (Smelterco) Limited. Others are Pick N Pay, Game Stores, ALS Capital, a bureau de change based in Lusaka, Manda Hill Centre, More Beef Limited, Anglo-American Corporation and Delloitte and Touche. In most these companies Hakainde is either a major shareholder or minority shareholder. He is being tipped to be over K360m.

Hanson Sindowe – CEC Group
Hanson is the Chairman of CEC Plc., co-founder and Managing Director of the Zambian Energy Corporation (Zam-En). Hanson holds an Electrical Engineering degree from the University of Zambia and is a fellow of the Engineering Institution of Zambia. He also holds senior management certificates from Penn State University (USA) and Ashridge College of Management (United Kingdom). He led the Zam-En team in the acquisition of the controlling interest in CEC in 2006.
He sits on the following boards: Batoka Energy Holding Limited, Green Trade Limited, Zambia Energy Corporation (Ireland) Limited, Zambia Energy Corporation Limited, Madison General Insurance Company Zambia Limited, CEC Liquid Telecommunications Limited, Realtime Technology Alliance Africa Limited, Sinazongwe Energy Corporation Limited and CEC Kabompo Hydro Power Limited. Recently CEC Liquid Telecom acquired the full 100% shares in Real-time Technologies.

Mark O'Donnell – Union Gold Group
From selling auto parts to being one of the wealthiest man in the country.  In Construction he runs Velos Enterprises Ltd, Velos Sisk Zambia Ltd; Development: Platinum Gold Zambia and Real-Estate Investments Zambia (Arcades shopping complex, Central Park, Stanbic Head Office, Eureka park, Abacus Square and counting house square); Distribution: Kazuma Enterprises Ltd. The group also runs franchise business with the following brand names: Protea Hotels Zambia, Mica Zambia, and SPAR Zambia Ltd. Other businesses include Kalulushi Clay Bricks Ltd, Kazuma Plastics Ltd, Zambezi Roofing Ltd, Partsworld Ltd, and The Wildlife Shop Ltd.

Constain Chilala - Chimsoro Group of Companies
Constain was born in the Namwala district of southern Zambia. He owns Global Chimsoro farms (which grows maize, wheat, soy beans and cattle), Chimsoro Milling Company, Chimsoro Transport, Chimsoro Polymer (which produces grain bags), a milling company in Zambezi district and Kapiri Mposhi Glass Factory. The man indeed is a farmer and to him agriculture means money and business. He is a self-made millionaire with no dirty tactics attached to his wealth, this is clean money!

Lawrence Sikutwa- LSA Group
He runs a group of company with a brand name “Madison”. Lawrence Sikutwa and Associates Limited was founded in 1995 and is based in Lusaka, Zambia. The group has grown and have subsidiaries such as Madison Life Insurance Company, Madison General Insurance company(MGEn), Madison Aset Management Company(MAMCo), Madison Health Solutions(Mhs), Madison Finance Company, (MFinance) ,Madison Investments Property and Advisory Company( MIPAC), Amalgamated Tourism Investments( ATI). Madison has not brown but it has become a Zambian household name. The group has expanded operations in other countries such as
Monica Katebe Musonda – Java Foods
The high-flying lawyer turned entrepreneur is among Zambia’s crème dela crème entrepreneurs. Before forming her food company, Monica worked in the corporate world for 15 years. She worked with one of Africa’s richest men, Aliko Dangote, as director of legal and corporate affairs at Dangote Group, where she led a project to build a cement plant in Zambia. Dangote Cement Company is now operational and the commodity is on the Zambian market. She now runs Java Foods which manufactures eeZee brand of instant noodles. Monica currently serves on the Boards of the Central Bank of Zambia and Dangote Industries Zambia Limited, and is Chairperson of Kwacha Pension Trust Fund.

George Narder
Goege Narder is the Swiss-born Zambian who arrived in the country in 1963. He trained and qualified in Italy before heading to Zambia to form on the largest electrical company that this country has ever witnessed, Electrical Maintenance Limited. Apart from that he owns other real estate properties around Zambia.

Friday C. Ndhlovu
He is the man at the helm of Investrust Bank Plc. Prior to his journey as an entrepreneur he was ZANACO Managing Director, later formed Investrust Bank in 1995. Apart from being a founder member and chairman of Investrust, he also owns a number of properties within Zambia. He also served on LUSE Board.

David Nama – Dana Holding Group

David Nama is the chairman and CEO of Dana Holdings. He is a very devoted Christian and sits on Kaniki Bible College. Business wise he own a group of 7 conglomerates: Dana Services Limited, Proxy IT Company, Danatrac, Dana Investments, Goshechem, Terotech Construction, Danachem SA and Lodge Serenity.

Lukonde L. Chaibela