Workers at NATSAVE Protesting
Workers at NATSAVE Protesting

Government has reconstituted the board for the National Savings and Credit Bank (NATSAVE).

Ministry of Finance Spokesman Chileshe Kandeta said this is in accordance with the directive of Cabinet at its 25th special meeting held on 26th November, 2015.

Mr Kandeta said taking into consideration gender parity, qualifications, competencies and track records, the following persons have been appointed as new board members for NATSAVE:

1. Dr. Chiselebwe Ngandu – Chairperson
2. His Royal Highness Chief Mumena – Member
3. Ms. Judith Mwananshiku – Member
4. Mr. Frederick Siame – Member
5. Ms. Tiziana Marietta – Member
6. Mr. Cosmas Mambo – Member
7. Mrs. Chobela Mutantika – Member
8. Mr. Vincent Mwanza – Member

Commenting on the appointments made by the Minister of Finance Alexander Chikwanda, Secretary to the Treasury Fredson Yamba assured that, “effective policy oversight in the operations of NATSAVE will now be ascertained and that the board must ensure that the governance systems at the bank are strengthened.”
Mr. Yamba also affirmed that the government would continue to invest in the bank as an avenue for reaching the unbanked areas of the nation.

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14 COMMENTS

  1. What’s wrong with journalism in Zambia …is it only about copying and pasting statements the MOF spokesperson has stated that the appointments are based on qualifications, competencies and track record…why not give us a very brief profile against the appointees’ names.

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  2. I have noticed with dismay that all boards of parastatal companies DO NOT include a single Tonga. These are the same pipo who call others tribalistss and yet they surgically exclude Tongas. What a shame!

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  3. Spot on @ Jay Jay, these names are meaningless without a brief introduction of each one of the appointed board members. These journalists write like they live in the same neighbourhood with all these board members and the article is also meant for people living in the same neighbourhood – why are LT reporters so ‘lazy’ to think?

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    • I am interested to find out what His Royal Highness Chief Mumena brings to the table..the chief of the Kaonde speaking people of Solwezi whom Lazy Lungu visited when the helicopter broke down in back in September…is it another way of buying votes!

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    • Fredrick Siame is aqually from the KKs days as PS tther after AG in Chiluba days, while Dr. Chiselebwe Ng’andwe is the reknown Economics Lecturer at Unza, past BOZ council member and past CEO for sido and Chair for Natsave itself.

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  4. The list of the new Board is full of thieves,the Bembas to monitor another thieving Bemba! Is this not Monkeys in the Maize field – yes they have a field day in our Treasury!!

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  5. Tribalism out,I think retired bankers like Mrs thole should have been appointed to the chair or fundanga.

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  6. do u know the bemba names imwe iyo kwena mulifikopo only the chair has the bemba name the rest a fr other tribes stop being tribal

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