Our Leadership
The Board and executive team building ZAMACE — the Zambian Commodities Exchange — into a transparent regional commodities marketplace.
Governance
Board of Directors
Emmanuel Chikoti
Board Chair
A group executive in Zambian financial services and Chairperson of the ZAMACE Steering Committee. Emmanuel brings group-executive leadership across exchanges and financial services.
Ngosa Bwalya
Board Director
A chartered accountant and former mining-sector chief financial officer, Ngosa brings deep financial leadership and governance experience.
Dr. Kadri Alfah
Board Director
Accomplished economist and commodity exchange founder with deep expertise in agricultural markets, trade policy, and sustainable development across Africa.
Sipo Hamusonde
Board Director
A legal and trade-law specialist, Sipo contributes regulatory, enforcement and investment-agency expertise.
Rose Mambo
Board Director
A capital-markets and depository leader, Rose brings extensive exchange, clearing and settlement governance experience.
Management & Analysis
Executive & Analysis Team
Leading operationalisation, strategy, market development, and intelligence
Dr. Kadri Alfah
Chief Executive Officer
Dr. Alfah leads ZAMACE with a vision to transform Zambia's commodity markets through innovation, transparency, and regional integration. He brings first-hand experience establishing exchanges across Africa.
Chilufya Mwale
Senior Commodities Analyst
A CFA and CAIA charterholder, Chilufya leads commodity analysis at ZAMACE with an investment-management and advisory background.
Munda Sakala
Commodities Analyst
Munda combines markets and corporate-communications experience, having traded and analysed securities earlier in his career.
Namukolo Chibwe
Commodities Analyst
An economist with development and investment-attraction experience, Namukolo supports market and product analysis at ZAMACE.
Steering Committee
Implementation Workstreams
Five workstreams oversee delivery under the ZAMACE Steering Committee, chaired by Emmanuel Chikoti.
Board establishment, regulatory submissions, recruitment, and the risk & compliance framework.
ExchangeNet implementation, platform providers, and architecture capacity and capability.
Business operations, revenue opportunities, product development, and operational set-up.
Stakeholder engagement, warehouse registration, broker accreditation, and international affiliation.
Finance, investment, procurement, feasibility, and budget management.
Our Objectives
ZAMACE is built to diversify the economy, deepen market efficiency, and advance regional integration.
Market Integrity
Transparent price discovery and trade authentication through robust market infrastructure.
Regional Integration
A logistics and trading hub linking Zambia with SADC and beyond.
Diversification & Growth
Creating new markets for producers, supporting jobs and economic growth.