The Securities and Exchange Commission (SEC) is the regulator of Capital Markets in Zambia. Established in 1993 through an Act of Parliament, the Securities Act CAP 354, the SEC falls under the jurisdiction of the Ministry of Finance. It is one of three financial sector regulators (with Bank of Zambia and Pensions and Insurance Authority) in Zambia.
The Board
The SEC Board members are nominated by various institutions and appointed by the Minister of Finance in accordance with the Securities Act
Mr. Paul Nkhoma, a development economist with a wealth of management, arbitration and insurance knowledge, is the elected Board Vice Chairperson since March 2022. He has been a Board Member since 10th March 2021 and is a founding member of Hollard Insurance, one of Zambia's largest insurance companies and is now the Group Chief Executive Officer for Hollard Holdings Zambia. He represents the Zambia Chamber of Commerce and industry (ZACCI) on the Board and Chairs the Staff and Remuneration Committee
Chairperson
Mr. Mutambo (SEC Board Member), is an accountant and consultant with over 37 years working experience. His experience covers external and internal audit, insurance and manufacturing industries. He is a member of the Audit and Risk Committee and the Market Transactions Committee.
Vice Chairperson
Ms. Mercy C. Munoni ,
Commissioner
Mr. Mulenga Sholomo (SEC Board Member), is a seasoned legal practitioner with extensive experience in public service. He specializes in Corporate and Commercial Law, Corporate Governance, Insurance Law, Labour Law, and Compliance and Regulatory Affairs. He is a qualified Legislative Drafter and a Member of the Law Association of Zambia and the Chartered Institute of Arbitrators (UK and Zambia). He currently serves as Chair of the Staff and Remuneration Committee.
Commissioner
Ms. Sibanje Zulu , a Chartered Accountant and SEC Board Member Since September 2023, serves as Market Conduct Manager Pensions at the Pensions and Insurance Authority. Representing the Authority, chairs the Commission's Property Acquisition & Development Committee
Commissioner
Ms. Brenda Mwanza, a development economist and SEC Board Member since 2022, Currently serving as Assistant Director Financial Sector Development, at the Bank of Zambia, representing BOZ and chairs Licensing Committee, & focuses on financial inclusion & development.
Commissioner
Commissioner
Mr. Chitalu, a chartered accountant, is currently the Chief Executive Officer of the Commission and is an ex-officio Member of the Commission Board.
Ex-officio
