Former Bank of Zambia Governor Operations in the October 2010-2011 period, Dr. Austin Mwape will head Absa Zambia PLC board effective April 01, 2021. Dr. Mwape will succeed Chishala Kateka who in the previous year, on September 30, retired. On Kateka’s clock, the bank was steered through the metamorphosis of legal persona from Barclays PLC to Absa Zambia, the autopsy effect of the divorce Barclays PLC divorce from the ABSA Africa operation as part of a divestiture strategy from emerging markets.
In addition to serving at the central bank, Dr. Mwape did time at the World Bank as senior financial sector consultant in Addis Ababa focusing on regulatory and supervisory policy framework design. Absa will be the second board he will chair in parallel to the Zambia National Advisory Board for Impact Investment, an affiliate of the G8 Global Steering Group for Impact Investment (GSG), which he heads. Other boards on his experience score board include that of Stanbic Bank Zambia Limited, Zambia Electronic Clearing House Limited (ZECHL), Economic Policy Management Programme and the Financial Sector Development Plan Implementation Committee which he headed too while on the Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH) he served as board member.
“We are very pleased to have Dr. Mwape on our board and that the experience he brings is one that is unmatched. we are confident that he will take the bank to greater heights,” Absa Zambia Plc Managing Director Mizinga Melu commented in a telephone conversation.
Dr. Mwape’s experience spans financial sector stability matters including policy analysis and design, economic policy analysis and enterprise-wide risk management having worked at the central bank for 28 years.
His Doctorate of Philosophy (PHD) in Finance was obtained from University of London after completion of an Master of Science in Industrial Economics from the University of Lancaster. Dr. Mwape is Bachelor of Economics with Business Administration graduate from the University of Zambia.
Absa Zambia’s remains one of Zambia’s leading banks and was last year cited for being the leader ahead of the digital curve after launching WhatsApp chat banking, Novo-FX (an trading App) and the vertical contactless debit and credit card in addition to many other digital enhancements in pandemic times.
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