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.
Kakungu Mvula, ACCA, CBCI, MBA
Partner/Chief Financial Officer
Kakungu is the firm’s CFO, accountable for the administrative, financial, and risk management operations of the company, including the development of financial and operational strategy, metrics tied to strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.
As the group’s senior most finance professional, she is responsible for group reporting, overall financial management and risk management across the firm’s operational units, and investments.Kakungu previously worked at IHS Towers, Standard Chartered Zambia Plc, African Life Financial Services, and the Spar Group Zambia. She previously also served as a Non-Executive Director at Butala Financial Services (Izwe Loans Zambia).
Mumamba Mwansa, MCOM.
Investment Partner/Co-Head of Real Estate
Mumamba is the Co-Head of Real Estate at Thebe Investment Management, Zambia’s leading alternative assets investment management firm. As Co-Head of Real Estate, Mumamba is responsible for managing a property assets under management in excess of US$270 million. In particular his portfolio management focus includes pipeline development, opportunity evaluation, development planning and coordination, and performance management. Mumamba 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. Mumamba is presently spearheading the expansion of Thebe’s property investment portfolio; leading a significant pipeline buildup in the tourism and agriculture verticals. Mumamba is a graduate of Rhodes University and previously was an analyst at Meanwood Venture Capital, at the time Zambia’s largest venture capital investment firm.
Ngenda Mwikisa, MSc.
Ngenda Mwikisa is Venture Partner at Thebe Investment Management Ltd – he is responsible for developing new ventures and investment platforms, along with engaging with investment partners. He is responsible for ensuring the sustainability of Thebe as an entrepreneurial entity in line with Thebe’s values and the overarching vision of ‘Advancing African Civilisation’. He moved into this role after successfully assembling the Thebe Development Operations Team in 2014 – which is responsible the construction of infrastructure at the Nkwashi Estate. Ngenda is a holder of an MSc in Management & Entrepreneurship from the University of Sussex (UK); and a BCom in Economics and General Accounting from Monash University South Africa.
Sepo Musokotwane, PhD.
Operating Partner/Managing Director of Elderberry
Dr Musokotwane is an Operating Partner and leads the operations of the firm’s education investment vehicle, Elderberry. 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 Elderberry’s strategy, development plans and working with key partners to undertake the implementation all of its various projects; including but not limited to Thebe International School, American Varsity, Thebe University and Little Explorers Nursery Schools.
Musunga Mwansa, BAC
Senior Associate/Head of Corporate Operations
Musunga, was recruited by Thebe in April 2015 and immediately joined the Lusaka office where he begun work as an Accountant. Shortly after he transitioned into the role of Finance Associate under the direct supervision of the Chief Financial Officer. He was a key member of the Team that designed the firm’s financial operational structure in line with the firm’s business model.
Presently now Head of Corporate Operations, he is responsible for investment financial planning, cash management and cash forecasts, providing the firm’s investment platforms with strategic operational support, compliance review and also review of overall company performance. Musunga reports to the firm’s CEO.
Musunga has a Bachelor of Accountancy Degree from the Copperbelt University (CBU). He is working towards becoming a Chartered Accountant (ACCA).
Pezo Mwanang’umbi, BSc
Senior Associate/Head of Credit & Administration
Pezo is charged with the management of the firm’s Credit and Administration unit. She joined Thebe Investment Management as a Back Office Intern. Since joining the company, she has worked her way up from the position of Customer Consultant to Customer Care Manager to her current position as Head of Credit and Administration.
The Credit Unit manages the firm’s local and international credit portfolios. As Head of Credit and Administration, she oversees all work carried out by the Credit and Collections Departments through the direct supervision of Credit Analysts and Collections Officers. She acts as a link between the Credit and Collections Teams and the CFO who she reports directly to.
Administratively, Pezo manages the firm’s Human Resource affairs as well as to the day to day operational needs of the company from logistics and security to management of relations with credit insurance providers, and the banks the firm uses to support its Collections Process.
Pezo has a BSc in Economics with Major in Planning and Development and is pursuing a Master of Science Degree in Finance and Economics.
Njavwa Musondela, BSc
Njavwa Musondela is Venture Associate within the firm’s Venture Investment Group. Njavwa is responsible for helping oversee the firm’s investments in education among others. He has a Bachelor’s Degree in Development Studies from the University of Zambia and is presently pursuing an MBA with major in Finance. Njavwa reports to the CEO.
Njavwa started at the firm as a sales intern, and later served as offsite operations manager which involved marketing, Administration, Client, cash and credit management. He later transitioned to Development Operations Manager before becoming a Venture Associate.
Njavwa is a technology enthusiast, and a positive thinker with an open mind who does not conform to the status quo and has a large appetite for learning new things.
Simataa Akapelwa, BSc
Venture Associate/ Eldderberry Senior Operations Manager
Simataa is a Business Analyst within the firm’s Venture Investment Group, specifically covering its education investment vehicle, Elderberry Ltd. He graduated from St Cloud State University, in St Cloud Minnesota with a Bachelors Degree in Economics. He previously worked for Wells Fargo in the U.S.; the world’s largest bank by market capitalisation.
Simataa works on all stages of business development, from ideation to complete actualisation. His main focus is building and implementing strategic plans with the aim of creating self-sufficient Education driven ventures. Under the supervision of the Managing Director of the Elderberry Portfolio, he is in charge of the team that is tasked with developing its various operating assets.
Mutale T.C. Kabumbu, BA
Mutale Kabumbu is a Strategy Associate within the firm’s Corporate Operations Unit. She has risen in the firm from being a Customer Consultant, to a Credit Analyst and now to her current role as Strategy Associate. Within this role she is responsible for; strategy review of the firm and its various operations, project performance appraisal, business research, compliance and the provision of operational support to the firm’s various units, departments and investment portfolios. Mutale reports to the Head of Corporate Operations.
Mutale brings a ‘ready to learn and help’ attitude as well as a unique perspective on all matters she is involved in. She is a straight shooter and a forward thinker. Mutale has Bachelor of Arts Degree in Psychology from the University of Zambia, she has previously worked in the arts, media and health sectors.
Thelma Zimba, BA
Associate/Marketing & Communications Manager
Thelma manages, and leads the client management team, providing appropriate coaching and mentoring along the way. She is the visionary behind the development of relationships between the client management executives and all of Thebe’s clients.
She is responsible for developing the client relationship strategy and defining which issues to focus on and which opportunities to pursue. She supports the Head of Marketing & Communications and assists in the development of client communications, advertising collateral and marketing strategy. Outside work she enjoys sewing, reading and travelling.