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Bank Governance


The Board of Directors retains full and effective control of the bank and monitors the Executive Management Team. The Board is also responsible for direction, policies and strategies and all investment and divestment decisions. It also ensures that the bank meets its responsibilities towards all its stakeholders and that the bank is prudently managed against the major risks inherent in business and banking.



Charity Chanda Lumpa

Board Chairperson

Ms Lumpa is an accomplished executive with over 32 years working experience in the insurance, banking, tourism and telecommunications industries. Ms Lumpa retired from active employment in 2015 and has previously held the positions of Managing Director of the then Zambia National Tourism Board, Ecobank Zambia Limited and Airtel Networks Zambia Plc. To her achievements is having successfully set up Ecobank Zambia Limited as a greenfield project in 2008 and became its founding Managing Director.

She is also the Chairperson of the SOS Children’s Villages Zambia and serves as a Director on the boards of Air Namibia (and is the Chairperson of the Audit Commitee), Livingstone International University of Tourism Excellence and Business Management and on the government appointed project board of the Women’s Bank Zambia Limited. Ms Lumpa also serves as an investment panellist of the Malawi Innovation Challenge fund, an impact investment fund of DFID, IFAD and UNDP in Malawi.

Ms Lumpa holds a Masters Degree in Business Administration (Finance), a Bachelors of Art Degree in Public Administration and a postgraduate Diploma in Marketing Management.



Hastings Mtine

Vice-Chairperson

Mr. Mtine has a career spanning over 40 years as a Chartered Accountant. He is currently serving as the Managing Partner of MPH Chartered Accountants having previously served as Senior Partner of KPMG for 15 years until 2011. He serves on a number of Boards which include Mopani and Kwacha Pension Trust Fund where he is the Chairperson. He also serves on the Audit Commitee of Zambeef Plc.

Mr Mtine has been a Fellow of ACCA and ZICA since 1989. Additionally he holds a Bachelor of Laws Degree from University of Zambia (UNZA).

He received several awards in the accountancy profession including Life time achievement and Presidents Award from ZICA, Member Advocate of the year, lead winner for ACCA in recognition of his contribution to the development of the Accounting profession in Zambia.

Mr Mtine is actively involved with various institutions focusing on SME activities



Henk Gezienus Mulder

Executive Director

Mr Mulder has a career spanning over 35 years in the Banking industry. He has built up 35 years of International Banking experience and during the last 23 years as CEO of several Banks in South America, Europe, Middle East and Asia, mainly with ABN AMRO bank and Rabobank.

Mr. Mulder studied Hotel Management and obtained a Masters in Law from the Netherlands. He has built up experience in strategic, general and change management in multicultural, emerging economies.

He has had extensive experience in restructuring none or poor performing banks to becoming profitable banks and gaining market leadership. His last assignment before coming to Zambia was Managing Director Rabo Development



Getrude M. Akapelwa-Ehueni

Non-Executive Director

Ms. Akapelwa is the Founder and Vice Chancellor of the Victoria Falls University of Technology (VFU). Her career extends over 45 years in the Information Technology, banking and education sectors.

Ms Akapelwa is a recipient of the following awards: the Zambia Society for Public Administrators John Mwanakatwe Distinguished Award, the Zambia Association of University Women (ZAUW) Recognition and Honour for being the pioneer female Computer Scientist; and the IBM Systems Engineering Professional Excellence Award. She also received the Overall, Regional and Country winner Awards for Africa’s Most In¢uential Women in Business in 2013, 2014 and 2015. She is the owner and CEO of La Residence Guest House as well as a Board member on Zambia Railways Limited.

Ms Akapelwa previously served as Board Chairperson of the Zambia Information & Communications Technology Authority (ZICTA) and a member of the Millennium Challenge Account Zambia Steering Commitee and the Technical Commitee for the Government of the Republic of Zambia Lands Information Management System. She also previously worked at the African Development Bank for 23 years in different capacities in both Ivory Coast and Tunisia.

Ms. Akapelwa holds a Doctorate in Education/ABT from the University of Liverpool, a Masters Degree in Public Administration from Harvard University, a B.SC in Mathematics with Education from the University of Zambia and is also a certified IBM Systems Engineer.



Mirjam t’ Lam

Non-Executive Director

Ms ‘t Lam is currently the Chief Financial and Risk Oœicer (CFRO) of Arise and executive member on the Arise board of Directors. She has experience in corporate and retail banking, corporate strategy, credit and risk management. Ms. ‘t Lam works in the financial industry since 2003.

Ms ‘t Lam held various positions in Rabobank and Rabobank International. She was Vice President Renewable Energy and Infrastructure financing Europe and Asia. She served as strategic advisor to the Executive Board of Rabobank Group. She was also an Executive Director on the board of several local Rabobanks in the Netherlands responsible for retail, SME and corporate banking. Prior to joining Arise she was CFRO of Rabo Development.

Ms ‘t Lam holds a Master’s Degree in International Business, a Bachelor’s Degree in Dutch Law and several professional qualifications in credit risk assessment, retail banking, structuring of complex loans, risk management, strategy and governance.



Leonard De Villiers

Non-Executive Director

Mr. De Villiers is Chairman of the CIO Council of South Africa and previous Group CIO at Absa Bank, Nedbank, First National Bank, Transaction Capital and Telkom Group.

He has 30 years’ experience in the IT industry and is considered to be one of the top CIO’s in South Africa. He was voted “the most admired CIO in South Africa” by the CIO Council of South Africa consisting of the top 200 CIO’s in the country and was also voted as one of the Top 10 CIO’s in South Africa by IITPSA / MWEB in 2016.

He has held the position of Managing Director of Microdata, Executive Director at Datakor Holdings, Managing Director of Nedbank’s Group Operation and Managing Director of Nedbank’s Group Technology and Support Services (GTSS).

Mr. De Villiers is also a recipient of several top achiever awards as well as the Nedbank CEO award in 1998. Mr. De Villiers’ currently based in South Africa in Johannesburg and holds the following board positions:

  • Non-Executive Director at BCX (South Africa’s largest IT Company)
  • Non-Executive Director at IEMAS Financial Services
  • Chairman of all their IT Board Sub Commitees
  • Non-Executive Director at University of Pretoria (Advisory Board)
  • Non-Executive Director of Moyo Advisory Services • Strategic Advisor to the Public Investment Corporation (PIC) on Information Technology.


Mukuli Chikuba

Non-Executive Director

Mr. Chikuba is the Permanent Secretary (Economic Management) in the Ministry of Finance. He is also a director on the National Pensions Scheme Authority Board, Zambezi River Authority Board, the National Road Fund Agency Board and on the Boards of two mines in which Government has a stake.

Mr. Chikuba has extensive experience in economic and monetary policy management, commerce and trade and external debt management. He additionally has considerable experience in the banking sector emanating from the diœerent portfolios he had held in the public sector.

Mr. Chikuba holds a Bachelors Degree in Economics, a Master’s Degree in Development Studies, a Master’s Degree in Business Administration (Finance) and is currently pursuing a Doctorate in Business Administration.



Patrick Wanjelani

Non-Executive Director

Mr. Wanjelani is the Chief Executive Officer of Newgen Holdings Limited, a financial consultancy, risk management and construction company.

Mr. Wanjelani has extensive experience in banking, accumulated over a period of 20 years. He also has considerable experience in organisational change and transformation, finance and financial planning and corporate governance.

He has held positions of Head Assets Liability Management (ALM), Barclays Africa Treasury, Regional Office, Johannesburg and Chief Financial Officer and Executive Director at Barclays Bank Zambia Plc. He has additionally held position of Board Chairman of the Rural Electrification Authority (REA) and the position of Board Member on the ZESCO Limited Board, Real Estate Investments Zambia Plc and the Lusaka Water and Sewerage Company Board and was the Chairman the Board Audit Commitee.

Mr. Wanjelani currently holds the position of Executive Director on the Kumil Energy Limited Board and Newgen Construction Limited Board. He is a non-executive Director on the Center for Infectious Diseases Research (Z) Board and the Blue Light Risk Management Limited Board.

Mr Wanjelani is a fellow of the Association of Chartered and Certified Accountants (ACCA) and a Fellow of the Zambia Institute of Certified Accountants (ZICA). He holds an MBA from Oxford Brookes University UK and has a Diplomas in Business Administration and Professional Accounting. Mr Wanjelani has also trained in Leadership for the Cu’ing Edge from GIBS University, South Africa.



Yamfwa Chinyanta

Mr. Chinyanta is currently the Country Head of Human Resource at Cargill Zambia. He is currently serving as Executive Director on the Boards of both Cargill Zambia (2009) Limited and Zamanita Limited. He has extensive local and International experience as a Human Resource Professional in the areas of Talent Management, Talent Development, Leadership Development, Employee relations, Policy Development, Change Management and HR Information Systems.

Mr Chinyanta is also a Software Engineer with experience in setting and administering of IT systems and infrastructre, Enterprise Resource Planning systems and Project management.

He has held various positions as Shared Services Head of Anglphone at Airtel Africa, Head of HR Operations Analysis, Talent Development, Management and Engagement Manager at both Airtel Zambia and Airtel DRC, and as an Information Technology Specialist at John Snow Incorporated.

Mr. Chinyanta holds a Master’s in Business Administration in Strategic Planning, a SAQA Certified Occupationally Directed Education and Training Development Practitioner Certificate (OD-ETDP), Bachelor’s Degree in Computer Science and is a Microsoft Certified Professional (MCP).