Board of Directors

Dolika Banda was appointed Chair of the Board of Standard Chartered Bank Zambia Plc. On 1 November 2023.

Dolika is a founding partner of Mondiale Impact, a partnership established in 2022 that is focused on governance for shaping sustainable, equitable and additive impact finance and investment activity globally.

She worked as Chief Executive Officer of African Risk Capacity Insurance company in South Africa. Prior to this, she worked as African Regional Director and Interim Director Africa funds of CDC Group Plc, UK (Now British International Investment – “Bill”). She also served as Director Financial Markets Africa and LAC for the International Finance Corporation (IFC) – World Bank Group, USA. Whilst at IFC, she served in senior roles ranging from Credit Review, Treasury Management and Corporate leadership. In her last role at the IFC, her purview included responsibility for all financial market’s activities across sub-Saharan Africa, Latin, America, and the Caribbean. She worked as a Director – Corporate and Merchant Banking for Barclays Bank Zambia Plc.

Dolika started her career as a Manager at Citi Bank Zambia where she held various managerial roles including Head of Credit, Manager Financial Control and Manager Treasury and Client Relations.

She obtained her master’s degree in International Business & Banking at Schiller International University (France) and her Bachelor’s degree in International Business and Marketing (Schiller International University, UK). Dolika also holds a Higher National Diploma in Business & Finance (Anglia Ruskin University, UK).

She is currently serving on the boards of British International Investment (BII), the UK’s development finance institution, CARE, USA and Harith General Partners, South Africa, Manager of pan-African infrastructure funds. Some past board positions of note include ZCCM Investments Holdings Plc, Zambia, UK DFID Financial Sector Deepening, Africa (FSDA) and Zambia (FSDZ) and Ecobank Transnational Incorporated (ETI), HoldCo of Ecobank pan-African banking Group. She also serves as Trustee on various not-for-profit entities in Zambia, Ghana, and the UK.

Year Joined the Bank:

Main Responsibilities:
• Chief Executive Officer and Managing Director of Standard Chartered Bank Zambia Plc.
• Responsible for the overall strategic direction of the Bank.

Work Experience:
• Head – Consumer, Private and Business Banking (Standard Chartered Bank UAE)

• Regional Head – Strategic Transformation, AME (Standard Chartered Bank AME Office UAE)

• Head of Retail Banking (Standard Chartered Bank Zambia)

• Head of Corporate Affairs (Standard Chartered Bank Zambia)

Hobbies:
• Astronomy, natural history and travelling

Appointed to the Board on 01 April 2020, Kelvin Bwalya joined Standard Chartered Bank Zambia Plc in 1998 and has served in various capacities within the Finance Department. He became Financial Controller in 2008, and then held various positions within the Group. These include: Product Specialist for the Finance Transformation (FT) programme (Standard Chartered Bank Singapore); FT Programme and Projects Manager (Africa and Middle East); and Head CoE Change Africa (Standard Chartered Global Finance Services). Prior to his current appointment, Kelvin served on the Group Aspire programme as Aspire Champion Africa and Middle East. He has undertaken assignments within the Group across multiple projects in key markets including Kenya, Ghana, Angola, Singapore and India.

Kelvin is a member of the Chartered Institute of Management Accountants (CIMA) and the Zambia Institute of Chartered Accountants (ZICA).

Mainga Mukando is an independent consultant with over 25 years of experience in investment and corporate finance across sub-Saharan Africa. Until the end of 2020, he spent 11 years as an Investment Officer with the International Finance Corporation (IFC), the private sector arm of the World Bank Group, based in Nairobi, Kenya investing in private equity funds and executing co-investments across Africa.

Before IFC, Mainga was an Investment Manager with the Danish International Investment Funds (IFU), a Danish development finance institution (DFI) providing risk capital to companies in emerging economies. While with IFU, he led transactions in Kenya, Tanzania, Uganda, Zambia and Zimbabwe, and represented the fund on the boards of several companies.

Before IFC Before IFC, Mainga was an Investment Manager with the Danish International Investment Funds (IFU), a Danish development finance institution (DFI) providing risk capital to companies in emerging economies. While with IFU, he led transactions in Kenya, Tanzania, Uganda, Zambia and Zimbabwe, and represented the fund on the boards of several companies.

Prior to IFU, Mainga worked as a Senior Investment Officer at Norsad, which provides debt like financing to companies in Southern Africa. Before this, he spent 5 years at Price water house Coopers (PwC) Zambia providing corporate finance advice to clients in Zambia and East Africa. Mainga started his career at the Zambia Export and Import (EXIM) Bank where his work involved corporate and traditional banking, as well as project finance.

Mainga obtained his Bachelors Degree in Political Science from the University of Zambia and an Executive Masters in Business Administration (International Business and Leadership) from the Scandinavian International Management Institute (SIMI-CBS) in Copenhagen, Denmark. Mainga also holds the Certified Diploma in Accounting and Finance issued by the Association of Chartered Certified Accountants.

Mainga serves as a member of the Independent Investment Committee of the Enterprise Zambia Challenge Fund and as a Director on the Ridgeway Properties board.