Absa Bank Zambia MD Mizinga Melu unveils a new branch in Monze Town, Southern Province
By Derrick Sinjela and Ted Jilapi
Absa Bank Zambia PLC has today Wednesday March 4, 2020 unveiled its newly launched branch in Monze Town. With an investment of K2 million.
The Bank is set to serve its customers in the ultra-modern branch that is characterized by the vibrancy that the Bank has become known for since its name change launch on 10 February 2020.
Speaking during the branch launch event, Absa Bank Zambia PLC Managing Director Mizinga Melu reiterated the Bank’s commitment in providing customers with best in class service that meets their needs.
“As Absa Bank Zambia PLC, we are extremely delighted that this day has finally come when we can offer banking services to our customers in a new location that embodies who we are as a Bank and further reflects our commitment to keep playing an integral part in the development of Monze town” Monze is a hub that serves people from areas such as Pemba, Gwembe, Namwala, Chisekese, Rusangu and Itezhi-Itezhi and Absa Bank Zambia PLC is well poised through its new branch, to offer banking services to a wider population in Southern
“We have continued to invest in our branch network because at Absa, we strongly believe in making a meaningful contribution to the communities we operate in. In true Africanacity spirit of getting things done, we want to create social and economic benefits wherever we have a presence and ultimately be a positive force in our communities.” said Retail Banking Director Mr Harton Maliki.
Since 10 February, 2020, Absa Bank Zambia PLC has reopened four (4) refurbished branches and three new branches that include Mutaba, Longacres, Chingola, Kafue and Cosmopolitan that promise to bring customers’ possibilities to life.
With a total of ZMW 120 million being spent on giving the branch network a facelift, Absa Bank Zambia PLC now awaits to open 3 more flagship braches in Kitwe, Ndola and Livingstone.
On 2 March 2020, Absa Bank Zambia PLC also opened the Levy Mall Corporate Service Centre in Lusaka, which is an extension of the existing branch and offers services to Corporate and Business Banking customers as the Bank strives to improve its service offering and touchpoints.
Mizinga Melu, is a Zambian businesswoman, accountant, and bank executive. She is the current chief executive officer, of Barclays Bank of Zambia, effective February 2017, based in Lusaka, the capital and largest city in the country.
Prior to her current assignment, she served as the CEO of Barclays Africa Management, responsible for overseeing the “development of stakeholder relationships with governments, regulators, the Boards and customers” in the subsidiaries on the African Continent, outside of South Africa. All Barclays Africa Group managing directors, outside of South Africa, reported directly to her. She took office effective 1 October 2014.
Prior to that, she was the managing director and CEO of National Bank of Commerce (Tanzania). She was appointed to that position in March 2013, and assumed office on 20 May 2013. Before that, she served as the managing director and CEO of Standard Chartered Bank Zambia, from January 2008 until May 2013.
Mrs. Melu is the first Zambian and the first woman to hold the position of managing director and chief executive officer at Standard Chartered Bank Zambia and during her tenure, was the only female chief executive officer in the thirteen African countries where Standard Chartered Bank maintains subsidiaries.
She was born on 17 March, in Mazabuka, Mazabuka District, in Zambia’s Southern Province. She worked at Zambia National Commercial Bank in the late 1980s and early 1990s. In 1993, she joined Standard Chartered Bank and over the years worked at the bank’s subsidiaries in different countries, including the following: Zambia, South Africa, Kenya, Tanzania, Uganda, the United States of America and the United Kingdom. Prior to becoming managing director and CEO at Standard Chartered Zambia, she served as Global Head of Development Organizations at the bank’s international headquarters in London, UK.
She attended Roma Girls Secondary School, graduating in 1985. After obtaining her first degree from the University of Zambia (UNZA), she obtained the degree of Master of Business Administration (MBA) from Henley Management College, of the University of Reading, in the United Kingdom.
Mizinga Melu is married to Chipepo Melu, an economist and real estate developer. Together they are the parents on one daughter, Ruthmary and one son, Matthew. Mrs. Melu also serves as chairperson of the Zambia Daily Mail.