Richard Chembe quits post as Investrust boss on poor health grounds

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Investrust Bank Plc Managing Director Richard Chembe has left his post owing to poor health.

According to a brief statement issued by the Lusaka Stock Exchange, he Board of Directors of Investrust Bank PLC notified the market that Dr. Chembe retired on medical grounds on 22nd July 2016 in line with the provisions of the Employment Act Cap 268 of the Laws of Zambia.

“The Board wishes to further notify the market that Mr. Isaiah Chindumba will continue to act in the role of Managing Director until further notice. The Board would like to thank Dr. Chembe for leading the only indigenous Bank through its restructuring process leading to its current focus of sustaining the growth of its retail brand.

Dr Chembe who also served as State House Economic Adviser during the reign of late President Rupiah Banda has been on medical leave since he ruptured his vein last December.

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16 COMMENTS

    • @gm, I tell you that’s Zambian news. Ati the late president Rupia Banda, now you can’t tell if the LT means the late Sata or what. But according to my knowledge this man worked with President Banda but I don’t understand how Rupia Banda ends up late president. Maybe he died that I’m not aware of. Lol.

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  1. Late Rupiah Banda? LT please proof-read before posting stories. unless there is something I do not know.

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  2. Lol……nikufa kwanyonko…nefwa lini neo. nili ku USA kuzotamba ma *erection* yao musimbi Hillary.

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  3. Imwe ba LT you have stingerd me malilo yaba President for All Zambians…..very an fair hehehehehe

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  4. Too bad for Doctor Chembe. I have very high regards for this man. Sad that he has not recovered up to now.

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  5. Ika kunyokola njala yai kulemba news.awuso na nyoko niye echifwa ala bati/uyu mwana alupuse.

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  6. LT, when you write the orbituary of the “late” President of all Zambians, don’t forget to mention that he led Zambia through a turbulent world economy without Zambians feeling it.

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  7. I interacted with Dr Chembe whilst he was the economic adviser to president rupiah Banda. I found him to be articulate in his subject matter. He was consise and intelligent. I wish him full recovery so that he can still contribute to the field he loves so much.

    Get well soon Kumendo

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  8. Comment:
    The whole story is jumbled! Ati ‘Late President, Lupiya Bwezani Banda’ Ati he board of Directors’

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    • And they call themselves journalist. Don’t forget such news you write, other countries to read this you are painting a bad picture to our mother ZAMBIA as if we can’t write better. Please learn to proof read your article before you can finally post it. This is why you don’t get any awards for your jobs. Journalism is such a professional career, get serous. Now a friend of my who likes Zambian news because he lived in Zambia for so many years before coming back to the USA is already asking me when president Banda died.

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  9. Wishing Dr Chembe a full recovery, ba LT please have we had that many late Presidents you have lost count. Please proof read.

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