Here are the ten richest people in Zambia. For the criteria of making this list, we did not include some obvious government officials (former or current) because we all know that most of them looted Zambia’s public funds therefore it would be unfair to rank them together with individuals who solely worked hard to earn their great fortunes.
10.Geoffrey Bwalya Mwamba is a Zambian businessman now turned politician who has been known for his immaculate business skills. However, most Zambians have come to know him more from a political perspective.
9.Charles Milupi is another Zambian entrepreneur turned politician. Milupi’s assets include 60 000 shares in Copperbelt Energy Corporation Plc (C.E.C) valued over K4 billion (old currency), 100 000 shares in Lafarge cement valued at K750 million (old currency) and 60% shares in Tiiseza Zambia Ltd valued at K1.8 billion (old currency).
8.Hanson Sindowe is the chairman of Copperbelt Energy Corporation Plc, co founder and Managing director of the Zambian Energy Corporation (Zam-En) and currently serves on several Boards of Directors.
Mahtani is a Fellow of the Chartered Association of certified Accountants and holds a PhD in Commercial Law from the London institute of Business Studies.
1.Mark O’Donnell is the Zambian who made his fortune building places to stay in or shop. On the streets of Zambia he is known as the ‘Mall Man’ but in business, he is known as a strategist who wants to make money and cannot make it fast enough. O’Donnell is a born and bred Zambian. At age 18, O’Donnell was selling auto parts for someone else. But he dreamed of being an entrepreneur. O’Donnell decided to build a mall to keep his business running. Despite his fears, the Arcades Shopping Center was built in 2003 and brought in a number of South African franchises, putting Zambia on the map for investment.
O’Donnell also has ventured into the hotel industry. He negotiated a deal with Africa’s largest hotel group, Protea Hotels, a chain that has been targeted by Marriot international. The first hotel O’Donnell built was in Chingola. He is currently building his eighth in Lusaka, next door to his mall.
As the largest owner of hotels in Zambia it is evident that O’Donnell wants Tourism in Zambia to boom.