Microfinance Zambia, a subsidiary of atlasmara has announced the appointment of Ackim Chalwe as Chief Executive Officer – CEO for Microfinance Zambia.
Chalwe takes over from M’kwinda Sakala who has exited the micro lender. Chalwe’s appointed is subject to regulatory approvals, a note from atlasmara to the Zambian Business Times – ZBT stated.
Ackim Chalwe’s last appointment was at First National Bank (FNB) Zambia where he served as Chief Financial Officer (CFO) from 2009 to 2018 and was instrumental in the setup of FNB in Zambia.
Chalwe has also worked for ALC Business Consulting Ltd and Isshin Consulting Ltd (2018 – to date), Deloitte and Touché Botswana (2000 – 2004), Central Bank of Botswana (1995 – 1999) and Deloitte Haskins and Sells Zambia (1984 – 1989). He is a Fellow of the Association of Chartered Certified Accountants (FCCA) and an Associate of the Association of Chartered Certified Accountants (ACCA).
Meanwhile, Microfinance Zambia has rubbished liquidation claims saying it has actually emerged among the top three Micro Finance Institutions by profit in Zambia after posting an income of K24 million for the year 2019.
Microfinance Zambia Acting CEO Mpimpa Miyoba stated in a statement availed to ZBT that they are elated by this performance for 2019 and disclosed that the notable balance sheet growth which has seen the institution grow by 41% makes it one of the leading micro finance institutions in Zambia.
“This was a great performance for MicroFinance Zambia despite the macro-economic headwinds the market experienced, I am particularly impressed with the 33% growth in customer deposits and savings which is a testimony of the confidence that our customers have in Microfinance Zambia,” He said.
And outgoing board Chairperson Ngosa Chisupa commended the Microfinance Zambia management for delivering a commendable 2019 performance.“I am proud to have presided over the Board of Micro Finance Zambia, which has been a trendsetter in micro finance services and has covered a lot of ground as an institution in promoting financial inclusion among our targeted clients”. He said.
