Zanaco Plc | Change in Directorate

By Published On: March 1st, 2024Categories: Corporate announcement, Directorate changes

Pursuant to Section 3.59 of the Listing Requirements the Board of Directors of Zanaco Plc (“the Board”) wishes to announce the appointment of Mrs. Musata Ndhlovu as a director of the board effective 15th February, 2024.

Mrs. Ndhlovu is an experienced non-executive director with a background in law, insurance and risk management. She has a proven track record of improving governance structures, introducing innovative strategies, and enhancing overall organisational performance. She is currently serving on the Board of Phoenix of Zambia Assurance (2009) Limited and is the chairperson of the Audit and Risk Committee. She has previously served on the Board of the Energy Regulations Board, served as a non- executive director and vice chairperson of the National Savings and Credit Bank (NATSAVE) Board of Directors and was a Board Member at the Ministry of Tourism Hostels Board of Management (HBOM) where she chaired the Audit, Risk, Compliance and Corporate Governance Committee. She is currently a practicing Lawyer and was previously the Head of the Legal Department at Professional Life Assurance Limited and Company Secretary of the PLA Pension Trust Fund.

Mrs. Ndhlovu holds a Bachelor of Laws Degree from University of Essex (UK) and a Master of Science (MSc) Insurance and Risk Management from Cass Business School (UK). She is a member of Law Association of Zambia, the Chartered Insurance Institute and the Institute of Directors of Zambia.

The Board would like to congratulate Mrs. Ndhlovu on her appointment and looks forward to her contribution to the Company.

By Order of the Board

Ngawo Nakamba – Acting Company Secretary and Chief Legal Officer

Issued in Lusaka, Zambia on 27 February 2024

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