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Alba Iulia
Thursday, August 6, 2020

Simangolwa Shakalima is new Investrust Bank Chief

Economy Simangolwa Shakalima is new Investrust Bank Chief

Investrust Bank Plc has announced the appointment of Mr. Simangolwa Shakalima as Managing Director effective 7th November 2016.

The appointment which is subject to approval by the Bank of Zambia follows the retirement of Dr Richard Chembe from the Bank.

Mr. Shakalima has over seventeen (17) years’ experience in banking with functional expertise in Retail Banking.

He started his Banking career at Finance Bank Zambia in 1999 before joining Barclays Bank Zambia in 2001 where he served in various portfolios which include being the Head of Retail Expansion, Head of Affluent Segment and Chief of Staff & Head of Strategy for Southern Africa covering Zambia, Zimbabwe and Botswana.

In 2009, he was appointed Retail Director for Barclays Bank Zambia and served for five (5) years before going on to Ghana to serve as Consumer Banking Director for Barclays Bank Ghana in 2014. In 2016, he joined First National Bank Zambia as Head of Retail before being appointed as the Managing Director for Investrust Bank Plc.

Mr. Shakalima holds a Bachelor of Arts degree in Economics from the University of Zambia and an Executive MBA from ESAMI/Maastricht.

Meanwhile, Investrust Bank Plc has appointed Harry Mafuta as Chief Financial Officer effective 10th October 2016.

Mr. Mafuta was until now the Bank’s Head of Corporate and Investment Banking.

Mr. Mafuta has over eighteen (18) years’ work experience. He started his career at PricewaterhouseCoopers in 1997 where he accumulated seven (7) years of audit experience, specializing in audit of banks and financial institutions, before joining Investrust Bank in 2004.

At Investrust Bank he has served as Financial Controller from 2004 up to 2012 and as Head of Corporate and Investment banking for the past four and half years (from 2012 to 2016).

Mr Mafuta was primarily accountable for managing all corporate customer relationships across the Bank’s network until his recent appointment as Chief Financial Officer.

Mr. Mafuta holds a Bachelor of Accountancy degree from the Copperbelt University and an MBA from Oxford Brookes University, U.K.

He is a fellow of the Institute of Chartered Certified Accountants, U.K. (FCCA), and a fellow of the Zambia Institute of Chartered Accountants (FZICA). He is also a member of the Institute of Directors of Zambia (IoD).


    • Sounds like a really good team at Investrust – soon, there shall be an uproar from the women movement about gender. These me have fought hard to be where they are now and have been appointed on merit!

    • Sima and Harry are my very good friends!!!! 😀 This is so so so inspiring and I wish them more of God’s grace and continued favour!!!

      ….ooooooh I’m so happy!!!!

  1. Excellent CV..this is what you do when a company is under performing; get rid of the top man…simply look at Zamtel not made a single ngwee in profit but the useless Mwanakatwe will collect Christmas bonus and annual package at the end of the year.

    • I don’t think this bank was ”grabbed” from Mr Njobvu! Someone just bought more shares and decided it was time management got a shake up. The one who wa acting has even taken leave, anyway I hear he was a very bad hearted character a Mr. Chindundu or something like that!

  2. Congratulations to my former UNZA mate simangolwa. You were a shining star at UNZA and you have continued to be one

  3. Your journey has molded you for your greater good, and it was exactly what it needed to be. There is no short-cutting to life. It took each and every situation you have encountered to bring you to the now. And now is right on time. Congratulations. I knew the record would stand until it was broken. Congratulations Mr. Simangolwa

  4. Congrats Mr. Simangolwa, a Magoye school product with the late Proff Chigunta. Wishing you the best in your new assignments. God bless you

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