Mukwandi Chibesakunda


Mukwandi Walusiku Chibesakunda, a prominent figure in Zambia’s financial sector, currently holds the esteemed position of Chief Executive Officer at Zambia National Commercial Bank (Zanaco) Plc. Born on December 3rd, 1970, in Lusaka, Zambia, Mukwandi is a trailblazer and a role model for women in the industry, as she is the first female to assume the role of CEO at this influential financial institution. Her remarkable journey from her early years to becoming an influential CEO is a testament to her dedication and excellence in her field.

Mukwandi’s academic journey began at a trust school on the Copperbelt, Lusaka, and later, she pursued her higher education at Roma Girls. She graduated with a Bachelor of Arts Degree in Economics from the prestigious University of Zambia, where her passion for finance and economics was ignited. Mukwandi’s family background was marked by a strong influence in public service, with her father, Walusiku, holding key positions in the Ministry of Finance and serving as the Director of Administration for COMESA. He also contributed his expertise to the Cabinet Office, while her mother hails from Shang’ombo.

Mukwandi’s thirst for knowledge and professional growth did not end with her undergraduate degree. She obtained a Postgraduate Diploma in Business Administration from the renowned Manchester Business School in the United Kingdom (UK). Her commitment to continuous learning led her to attend the International Credit Skills Assessment Programme at Omega Performance in the UK. Further, she was pursuing an accelerated MBA program at the Alliance Manchester Business School in the UK, showcasing her dedication to honing her skills and knowledge.

Mukwandi’s journey through Zambia’s financial sector was marked by significant achievements. She assumed the role of Past President of the Zambian Institute of Banking and Financial Services, demonstrating her leadership qualities and her commitment to the development of the industry.

In her career, she also served as the Managing Director of NATSAVE, a fully Zambian-owned bank. Her tenure at NATSAVE was marked by dedication to serving the financial needs of the Zambian people.

Notably, her outstanding achievements were recognized on a national and international scale. In 2021, she was named CEO of the Year in Zambia by CEO Monthly, an internationally renowned magazine published by AI Global Media. This accolade reflects her exceptional leadership and transformative impact on Zanaco. The same year, Mukwandi was honored as the African Female Leader of the Year by the Africa Leadership Magazine, further solidifying her influence on the continental stage.

In 2022, she clinched the title of “African Female Leader of the Year,” a testament to her exceptional leadership abilities, foresight, and her impact on the financial landscape of Zambia and beyond.

Moreover, in 2022, she was recognized with the “Most Inclusive Leader: Southern Africa” award by Accenture, as part of Business Engage. This award underscores her commitment to promoting inclusivity and diversity within the business environment.

Mukwandi Chibesakunda’s remarkable career and achievements have made her a prominent figure in Zambia’s financial industry. Her journey from humble beginnings to the pinnacle of the banking world is an inspiring story, showcasing her dedication, leadership, and relentless pursuit of excellence in her field. As the first female Chief Executive of Zanaco, Mukwandi Chibesakunda’s legacy and contributions to the financial sector continue to shape the industry’s future and inspire generations to come.

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