Standard Chartered Bank has announced the appointment of Dolika Banda as the new Chair of the Board of Standard Chartered Bank Zambia Plc, effective 1 November 2023.
Dolika is a renowned banking and international development expert, with over 30 years’ experience in the sector. She has held executive positions with various local and international bodies, including British International Investment (BII) – the UK Government’s development finance institution; Financial Sector Deeping Zambia and Africa; and the ZCCM-IH Investment Holdings, amongst others.
Commenting on the appointment of Dolika Banda as Board Chair, Sonny Zulu, CEO of Standard Chartered Bank Zambia, said, “We are delighted to announce that Dolika has joined Standard Chartered Bank Zambia as Board Chair. Her extensive local and international executive experience makes her the best fit to oversee the future of our bank. I have no doubt that Dolika will add great value as we embark on the next phase of our transformational and disruptive banking journey.”
He added, “Dolika is also the first-ever female Chair of the board of Standard Chartered Bank Zambia Plc. We are exceptionally proud of this and her achievements. As a bank, one of our key strategic priorities is to lift the participation of women in our economies. We are confident that Dolika will serve as an inspiration to our female bank colleagues and add value not only to the Bank’s women’s empowerment journey, but to the national agenda more widely.”
Commenting on her appointment, Ms. Banda said, “I am very proud and honoured to join Standard Chartered Bank Zambia Plc as the first-ever female Board Chair. Standard Chartered was the first bank to open in Zambia 117 years ago. As a bank, we will continue to play our part in contributing to the economic prosperity of this great nation. I am pleased to be part of this exciting phase as the bank continues to contribute to enhancing Zambia’s economic success.”
Dolika is a founding partner of Mondiale Impact, a partnership established in 2022 that is focused on governance for shaping sustainable, equitable and additive impact finance and investment activity globally.
She worked as Chief Executive Officer of African Risk Capacity Insurance company in South Africa. Prior to this, she worked as African Regional Director and Interim Director Africa funds of CDC Group Plc, UK (Now British International Investment – “Bill”). She also served as Director Financial Markets Africa and LAC for the International Finance Corporation (IFC) – World Bank Group, USA. Whilst at IFC, she served in senior roles ranging from Credit Review, Treasury Management and Corporate leadership. In her last role at the IFC, her purview included responsibility for all financial market’s activities across sub-Saharan Africa, Latin, America, and the Caribbean. She worked as a Director – Corporate and Merchant Banking for Barclays Bank Zambia Plc.
Dolika started her career as a Manager at Citi Bank Zambia where she held various managerial roles including Head of Credit, Manager Financial Control and Manager Treasury and Client Relations.
She obtained her master’s degree in International Business & Banking at Schiller International University (France) and her Bachelor’s degree in International Business and Marketing (Schiller International University, UK). Dolika also holds a Higher National Diploma in Business & Finance (Anglia Ruskin University, UK).
She is currently serving on the boards of British International Investment (BII), the UK’s development finance institution, CARE, USA and Harith General Partners, South Africa, Manager of pan-African infrastructure funds. Some past board positions of note include ZCCM Investments Holdings Plc, Zambia, UK DFID Financial Sector Deepening, Africa (FSDA) and Zambia (FSDZ) and Ecobank Transnational Incorporated (ETI), HoldCo of Ecobank pan-African banking Group. She also serves as Trustee on various not-for-profit entities in Zambia, Ghana, and the UK.