We’re believers in the philosophy that a team with shared and deeply held values, a common dream and core purpose, and most importantly- the right skills, can achieve the seemingly impossible. We don’t just believe this, we practice it. We strive to ensure that our teams, and our leadership embody this philosophy.
Situmbeko Musokotwane, PhD
Co-Managing Partner/Co-Founder/Executive Chairman
Dr Situmbeko Musokotwane is a leading regional Monetary Economist with several decades of experience in developing markets having served as Finance Minister, Secretary to the Treasury, Deputy Governor of the Zambian Central Bank, IMF Advisor and Founding Head of the Financial Markets Department at the Zambian Central Bank. Dr Musokotwane has also acted as an alternate Governor at the IMF, African Development Bank, and World Bank. At the Bank of Zambia (Zambia’s Central Bank) he was responsible for the re-introduction of Treasury Bills and Government securities auctions in Zambia, as well as the introduction of Central bank Open Market Operations. He led the development of Zambia’s Poverty Reduction Strategy Paper which among others led to the re-introduction of National Planning in Zambia. During his time in public service he was part of the country’s economic management team whose efforts led to the reduction of inflation from rates of over 100% to 8%, and interest rates in excess of 45% to 18%. Under his leadership as the Minister of Finance, Zambia experienced economic growth in excess of 7.6%. As Minister of Finance and prior to that Secretary to the Treasury he was responsible for Zambia’s national budget, managing in excess of US$3 billion when he left the Ministry of Finance. As Finance Minister he was also active in the promotion of the Republic of Zambia as an investment destination, helping to contribute in the generation of investment commitments in excess of US$6 billion over a 3 year term. As an entrepreneur, Dr Musokotwane founded an agri-business in 1988, which included a cattle ranch and dairy operation that is today among the larger dairy farming operations in Zambia. The land on which the beef ranching operation was based is now being re-developed as the Nkwashi Estate. He has a PhD in Monetary Economics from Konstanz University in Germany and also spent many years as an academic at the University of Zambia.
Mwiya Musokotwane, MSc.
Mwiya co-founded Thebe and has been responsible for taking the Nkwashi project from ideation level through to present development. Mr Musokotwane is responsible for planning encompassing marketing, financial management, investment operations, civil works and the creation of its innovative payment plan models. Prior to the formation of Nkwashi, Mwiya worked as an investment analyst at African Life Financial Services Zambia Ltd, a unit of South African Investment giant Sanlam (through its holdings in BIFM of Botswana). At African Life Mwiya was responsible for helping manage over US$400 million in assets under management, specifically the management of capital allocation across fixed income, equity, property and private equity asset classes. Whilst there, he developed new credit risk management systems and equity portfolio management tools. Mwiya has a BA in Finance from Richmond the American International University in London, as well as an MSc in International Business Management from The University of Surrey; both in the United Kingdom. Mwiya brings a firm understanding of African asset management as well as a discerning understanding of strategy, marketing and consumer behaviour.
Sepo Musokotwane, PhD.
Operating Partner/Head of Education
Dr Musokotwane is an Operating Partner and is a Co-Founder of one of the firm’s portfolio companies, Class Guru Limited. As an Operating Partner she leads Academics and Content Development at Class Guru. She has previously worked with the United Nations at the International Fund for Agricultural Development (IFAD) in Washington D.C. She has previously also worked as an Assistant Dean at the University of Lusaka (UNILUS) in the School of Health Sciences and the School of Business. Sepo is responsible for Class Guru’s academic development strategy, content development teams and working with key partners to undertake the implementation all of its various projects, including education initiatives being undertaken at the Nkwashi Estate.
Ray Kumwenda, ZICA.
Junior Partner/Head of Finance
Ray is the Head of Finance at Thebe Investment Management, Zambia’s leading alternative assets investment management firm. As Head of Finance, Ray is responsible for managing property assets under management in excess of US$270 million. He is in charge of the organization’s finances and ensuring the company is as profitable as possible. His seven year career includes conducting risk management, approving or rejecting budgets, forecasting financial results, and assessing risks in financial transactions. Ray is a principal member of the development team responsible for the development of the US$1.5 billion Nkwashi estate, presently Zambia’s largest non-mining real estate development; and among the largest in Africa. Ray is also spearheading the expansion of Thebe’s property investment portfolio; leading a significant pipeline buildup in the tourism and agriculture verticals. Ray is a ZICA graduate and previously worked at Airtel Zambia one of Zambia’s largest telecommunication companies.
Pezo Mwanang’umbi, MSc
Junior Partner/Head of Operations
Pezo serves as the Head of Operations, overseeing the functions of Credit and Client Management involving both the firms local and international credit portfolios, onboarding of new sales and residents, management of existing client relationships from point of sale to home construction, business development ventures and working closely with the marketing department on sales strategies. Administratively, Pezo manages the firm’s Human Resource affairs as well as the day to day operational needs of the company from records management, IT requirements, logistics and security to management of relations with credit insurance providers and banks the firm uses to support the its collections process.
Pezo began her career at Thebe Investment Management in 2014 in the credit and collections department, between the years 2014-2019 She has served in the roles of Customer Care Manager, Credit and Administration Manager, Head of Credit and Administration and Head of Operations.
Ms Mwanangumbi earned a Bachelor of Science degree in economics from Mouloud Mammeri University of Tizi Ouzou Allgeria and a Master of Science degree in Economics and Finance from the University of Lusaka.
Thelma Zimba, BA
Junior Partner/Head of Marketing & Communications
Thelma is responsible for managing the company’s marketing and communications function across its platforms. She offers an extensive knowledge and experience in the area of social media and emerging digital communications tools and techniques. She spearheads all things marketing; from social media, photography, and the Thebe Investment Management Associates website, speaking engagements, and press to name a few. She is passionate about creating unique and tailored messages to reach clients through applicable forms of media.
Offering over 5 years of experience in the area of business development, sales, marketing, and public relations. Thelma is a visionary who has a holistic approach to developing communication strategies that are both effective and efficient. She has gained a true understanding of data and analytics
that explain the power of strong, targeted, strategic content.
Her eye for design, her business acumen and training in communications, helps her deliver the value the firm needs to develop their communications programs. Thelma is a graduate of the University of Zambia.
Hezron Zulu, BA
Chief of Staff
He is responsible for managing Thebe’s Executive Office. He serves as the primary strategic advisor to the CEO, helping develop and drive implementation of the CEO’s goals, key activities, and long-range plans focused on organisational effectiveness and strategic impact. He acts as a link between the CEO and the various departments in the company.
Hezron also works with various stakeholders and business partners in the evaluation of business opportunities and the management of external government relationships.
Previously, Hezron served as a venture analyst and executive assistant to the CEO.
Hezron received his bachelor’s degree in International Relations and Development from Mulungushi University and a National Certificate in Insurance studies from ZIBCT.