Responsible for the company’s strategic direction, talent development and financial performance, our Executive Team is dedicated to building a company that. Although they represent a diverse collection of experience, each of them has a strong track record of leading people to achieve results.

Mr. Henry Sakala
Chief Portfolio Officer
Mr. Henry Sakala

Chief Portfolio Officer

Main Responsibilities as the Chief Portfolio Officer;

  • Development and implementation of transformation strategies for the IDC subsidiaries;
  • Monitoring performance of the IDC Group portfolio of companies;
  • Development and implementation of strategies for business remodeling of subsidiaries, recapitalisation and other interventions;
  • Spearhead the development and implementation of strategies relating to mergers, acquisitions and other strategic alliances between the IDC Group and the private sector;
  • Development of strategies for divestitures in the Group;
  • Liaison with Boards and Management of IDC subsidiaries on policy and operational matters;
  • Liaison with external stakeholders including Government Ministries, agencies and departments, consultants, DFIs, donors and the private sector.

Work Experience:

  • Over 25 years’ experience in private sector development, public sector reform, and restructuring of State-owned enterprises;
  • Director Public-Private Partnership (PPP) Unit; Director PPP & Privatisation, Zambia Development Agency;
  • Advisor on PPPs and privatisation to the governments of Sierra Leone, Uganda and Ethiopia;
  • Other work experience includes: Barclays Bank, Lima Bank and Finance Bank;

Qualifications:

  • Master of Development Finance; Bachelor of Accountancy; Post-Graduate Diploma in Management Studies; Certified
  • Public-Private Partnerships Specialist; Fellow of the Chartered Institute of Development Finance; Member of the Institute of Directors.

Board Memberships:
Pendulum Estates Limited; Zambia Industrial Commercial Bank Limited; Zambia Airways (2014) Limited; Mofed London Limited; Belsquare (Belgium) Limited and Pendulum Fisheries and Transport Limited.

Interests:
Fishing, Game hunting, Reading and Travelling

Mr. Muchindu Kasongola
Chief Investments Officer
Mr. Muchindu Kasongola

Chief Investments Officer

Mrs. Chearyp Sokoni
Chief Finance Officer
Mrs. Chearyp Sokoni

Chief Finance Officer

Mrs. Pamela S. Musepa
Chief Corporate Services Officer
Mrs. Pamela S. Musepa

Chief Corporate Services Officer

Mrs. Leya M. Ngoma
Chief Legal Officer/Company Secretary
Mrs. Leya M. Ngoma

Chief Legal Officer/Company Secretary

Main responsibilities as Head of the Legal Division and Company Secretariat:

  • Provision of legal services to the office of the Group Chief Executive Officer and Management
  • Company secretarial services to the Board and Shareholders of the Company.
  • The division is responsible for statutory and corporate governance compliance in the company.

 

Work experience:

  • 22 years of work experience as a legal practitioner, 15 of which have been in corporate practice as in - house counsel.
  • 12 years performing company secretarial functions with a bias in parastatal institutions - Workers Compensation Fund Control Board, Zambia Postal Services Corporation, University of Zambia, Zambia Telecommunications Company Limited and currently, Industrial Development Corporation Limited.
  • Prior, worked in private practice with Legal Resources Foundation and Messrs. Shamwana and Company as an advocate.

Qualifications:

  • Bachelor of Laws Degree. Certificate of law practice from the Zambia Institute of Advanced Legal Education. Master classes on corporate leadership and governance. Awarded Company Secretary of the year for Zambia for the year 2019 by Quest Masterclass from Singapore.
  • Chairperson of the first Parents Teachers Association of Great North Road Academy (2014 to 2016), Board member of Superior Milling Company Limited (2018), Board member and member of the Audit Committee of ZSIC Life Limited.

 

Interests: 
Spending time with family, music, gardening, playing squash and event organizing.

Mrs. Lizzie M. Mukwasa
Chief Human Capital Officer
Mrs. Lizzie M. Mukwasa

Chief Human Capital Officer

Main responsibilities as Head of Human Capital and Administration:

  • Responsible for the Human Capital Strategy which broadly covers areas of Staff Planning & Resourcing; Talent Management; Compensation & Rewards Management; Performance Management; Staff Development; Employee Relations and all staff welfare related matters.
  • Responsible for Fleet Management; Life & Non-Life Insurance; Security; Office Cleaning and Sanitation; Management of office Bills and provision of office consumables.

 

Work experience:

  • Over fifteen years’ experience in Human Resources Management and Administration from both the private and public sectors.
  • Human Resources Manager at ZCCM Investments Holdings Plc (ZCCM-IH responsible for overall HR strategy; engaged as Interim HR Manager for IDC, on a self-starting basis, to operationalize the institution and set up the HR department with all the attendant policies and systems.
  • Head of Human Resources at Kitwe Central Hospital under the Ministry of Health.
  • Production Planner and certified Global trainer for Colgate Palmolive Workplace programs and HR Liaison person for the subsidiary.

 

Qualifications:

Fellow of the Zambia Institute of Human Resources Management (FZIRM) and an Affiliate of the Chartered Institute of Personnel and Development (aCiPD); Masters of Art Degree in Human Resources Management; Bachelor of Arts Degree in Human Resources Management and Diploma in Production Management. Certified planner by Institute of Leadership and Management (ILM) and in-house resource person for the Balance scorecard.

Board Member at NIEC School of Business Trust and World Skills Zambia; committee member for the Nominations Committee at the Zambia Industrial and Commercial Bank (ZICB) Board and a committee member for the Standards and Compliance Committee of the ZIHRM Council.

 

Interests:

Cooking; Gardening

Mr. Phinias Lupaka
Chief Internal Auditor
Mr. Phinias Lupaka

Chief Internal Auditor

Responsibility
Phinias is responsible for the effective management of the Internal Audit function at Industrial Development Corporation. He is currently also responsible for managing the risk management function at IDC.

Work Experience
He has over 17years of experience in Internal Audit. He once worked as Graduate Engineer Production Management in the Electricity Industry, external Auditor, and Management Accountant in Water and Sanitation Industry.

Qualification
He is an Associate Chartered Management Accountant (ACMA), Chartered Global Management Accountant (CGMA) and Fellow member of ZICA. He possesses a Master of Business Administration with Finance and Bachelor of Science Production Management from Copperbelt University.

He has served as Council Member of the CIMA -Zambia in various ranks of Treasurer, Vice Chairperson and ultimately Chairperson till his end of tenure in 2019.

Interests: Reading, Chess, and  Social football and athletes

Mr. Brian Nalishuwa
Head of Investments - Manufacturing, Mining & Agri Business
Mr. Brian Nalishuwa

Head of Investments - Manufacturing, Mining & Agri Business

Mr. Longwe Samson
Head of Portfolio - Manufacturing, Mining & Agri Business
Mr. Longwe Samson

Head of Portfolio - Manufacturing, Mining & Agri Business

Mr. Chimuka Nketani
Head of Portfolio - Energy, Infrastructure & Services
Mr. Chimuka Nketani

Head of Portfolio - Energy, Infrastructure & Services

Main responsibilities as Head of Portfolio Management:
Responsible for delivering Group Strategic Interventions in EIS Subsidiaries to achieve
sustained positive performance by subsidiaries and deliver a return on investment to the
Shareholder.

Work experience:
Chimuka has over 15 years’ experience in the Financial Sector; (Business Financial
Analysis, Loan Facility Structuring, Corporate Banking, Project, and Investment Analysis).
Before joining IDC, he worked for ZANACO Bank Plc, whereas, prior to that he worked with
Standard Chartered Bank (Origination & Client Coverage and SME Banking), Development
Bank of Zambia (DBZ) and African Life Financial Services Ltd as a Financial Analyst.

Qualifications:
MBA–Finance (CBU); BAcc. (CBU); Credit Analysis Certification; Strategic Project
Management Professional (SPMP); Renewable Energy Economics; Renewable Energy
Deployment; Stockbrokers Training.

Mr. Tapiwa Msusa
Head of Portfolio - Transformation & Restructuring
Mr. Tapiwa Msusa

Head of Portfolio - Transformation & Restructuring

Mr. Christopher Sichinga
Head of Finance - Operations
Mr. Christopher Sichinga

Head of Finance - Operations

Main Responsibilities:
Sourcing of finances to finance for investments and projects, development of financing policies and strategies. Lead finance team to provide professional accounting, finance, forecasting and reporting services.

Work Experience:
Prior to joining the Industrial Development Corporation Limited, Mr. Sichinga worked as a finance professional for the last 23 years having served as Director Finance at the Citizens Economic Empowerment Commission; Chief Financial Officer Zambezi Portland Cement Limited; Finance Director Marie Stopes Zambia Limited; Director Finance, Acting Director Finance and Investments and Finance Manager at Workers’ Compensation Fund Control Board; Finance Manager and Accountant at Occupational Health Management Board; and Supervisor Standard Chartered Bank Zambia Plc. He has also undertaken consulting engagements involving financial systems setup, business support services and capacity building to start up entities.

Qualifications:
Mr. Sichinga holds a Bachelor of Accountancy Degree from the Copperbelt University and is a Fellow Member of the Association of Chartered Certified Accountants (ACCA) and Zambia Institute of Chartered Accountants (ZICA).

Interests: He enjoys game viewing, watching soccer, reading articles on finance and business and jogging.

Mr. Harrison Sinkala
Head of Finance - Reporting
Mr. Harrison Sinkala

Head of Finance - Reporting

Mr Khayalami Ngono
Head of Treasury and Equity
Mr Khayalami Ngono

Head of Treasury and Equity

Mr. Akapelwa Pumulo
Head of Tax
Mr. Akapelwa Pumulo

Head of Tax

Ms. Namakau V. Mukelabai
Head of Corporate Communication
Ms. Namakau V. Mukelabai

Head of Corporate Communication

Main responsibilities as Head of Public Relations:

  • Responsible for managing the Corporation’s Communication strategy, external communication and public affairs.
  • Responsible for the management and protection of the Corporation’s brand and image
  • Responsible for developing, implementing and delivering Public Relations policies and
  • Spokesperson of the Corporation

 

Work experience:

  • Public Relations, Corporate Communication and Media consultant at Group level in private sector
  • 26 years Broadcasting experience as an accomplished TV and Radio News anchor in public media.
  • TV production and photography consultancy for private and public-sector institutions
  • International moderator of high level panel discussions and events manager.

 

Qualifications:

Masters of Art Degree in Public Relations and Strategic Communication. Bachelor of Art Degree in Communication, Diploma in Journalism, Diploma in Diplomacy and Protocol.

 

Interests:

Art, Music, Travelling and Sports

Mr. Tonny Simbaya
Head of Procurement
Mr. Tonny Simbaya

Head of Procurement

Mrs Annie Chungu
Head of Legal Services
Mrs Annie Chungu

Head of Legal Services