Board of Directors

Appointed to the board on 01 April 2017. Dr. Caleb Fundanga has been the Executive Director of the Macro Economic and Financial Management Institute (MEFMI) since July, 2014 a regional capacity building Institution in the areas of macroeconomic and financial management based in Harare, Zimbabwe. He had worked as Governor of the Bank of Zambia for the period 2002 to 2011 were he was bestowed several accolades during this period: Central Bank Governor of the Year for Africa and Global Award by the Banker magazine, a sister publication to the Financial Times of London in January 2007; African Central Bank Governor of the Year 2007 by Emerging Markets magazine which he received in Washington DC; and African Central Bank Governor of the Year 2008 by the Annual Meetings Daily of Nigeria. He served as Director on the Board of the African Export and Import Bank in Cairo, Egypt from 2002 to 2013. He was also a member of the Executive Committee of the Board during this period.

Prior to joining the Bank of Zambia, he had worked as Senior Advisor to the President of the African Development Bank (1998-2002) and as Executive Director of the African Development Bank (1995-1998). Before joining the African Development Bank, he served as Permanent Secretary for the Ministry of Finance, Cabinet Office and the National Commission for Development Planning of the Republic of Zambia. He started his work experience as Economics Lecturer at the University of Zambia.

Dr. Fundanga obtained his Bachelor’s Degree in Economics at the University of Zambia. He obtained his Master’s Degree at the University of Manchester in the United Kingdom and his PhD at the University of Konstanz in the Federal Republic of Germany. Dr. Fundanga is currently the Chancellor at the University of Lusaka.

Appointed to the board on 01 August 2017. Mr. Munakopa L. Sikaulu is a partner in SLM Legal Practitioners, a leading financial commercial law practice in Zambia. He is the holder of a Bachelor of Laws degree from the University of Zambia where he graduated in 1995 and a Master of Laws degree in Banking and Finance from the London School of Economics where he graduated in 2000. Mr. Sikaulu is an advocate of 20 years standing having been called to the Bar in 1996 after successfully completed studies at the Zambia Institute of Advanced Legal Studies. A Zambian national, Mr. Sikaulu has vast experience of commercial activities in Zambia. He is specialised in the Law of Banking and Finance and has advised and represented local, regional and international banks, financial institutions and companies on various transactions in Zambia as well as in commercial litigation matters.

Mr. Sikaulu, who sits on the Council of the Law Association of Zambia, is a member of the International Bar Association and Commonwealth Lawyers Association. He serves on a number of boards which include Prima Re-insurance Limited and Hollard Insurance Zambia Limited and has previously served on the board of Entrepreneurs Financial Centre Zambia Limited.

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:
• Regional 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.