ZCCM Holdings Appoints New Director Following Resignation
ZCCM Investments Holdings Plc has announced the resignation of Ms Dolika E S Banda as Non-Executive Director and Board Chairperson, effective May 5th, 2023. The resignation is in compliance with the Securities Act No. 41 of 2016 and the Listing Rules of the Lusaka Securities Exchange (“LuSE”).
Ms Banda had served as Non-Executive Director and Board Chairperson of ZCCM-IH since December 13, 2021. The Board expressed gratitude to Ms Dolika Banda for her significant contribution to the Company during her tenure of office and wished her success in her future endeavors.
The Board also announced the appointment of Mr Kakenenwa Muyangwa as Non-Executive Director and Board Chairperson with effect from May 5th, 2023. Mr Muyangwa is an experienced mining and financial expert with over 35 years of experience gained from working in the international mining, metals, and concentrates trading, finance, and accounting industries.
Mr Muyangwa is a skilled negotiator in complex business transactions, business planning and strategy, copper mining and trading, managerial finance, and accounting. He is a strong business development professional with a Bachelor’s degree in Mining Engineering from Imperial College of Science and Technology, London.
He is also a qualified Chartered Certified Accountant, who has spent many years in Audit and Business Advisory services with PricewaterhouseCoopers in Zambia and London.
Mr Muyangwa is currently engaged as a long-term consultant in the corporate turnaround of distressed companies and projects across Africa for the African Development Bank.
Since November 2017, he has represented ZCCM-IH on the board of Mopani Copper Mines Plc, Kariba Minerals Limited and CNMC Luanshya Copper Mines Plc. In November 2021, he was appointed to the board of First National Bank Zambia Limited as a Non-Executive Director.
The Board expressed confidence that Mr Muyangwa’s vast experience will make a valuable contribution to the success of the Company.
ZCCM Investments Holdings is a premier diversified mining investment company with a focus on mining, energy, and other natural resources sectors of the Zambian economy.
