– ZAMBIA, Lusaka – ZCCM Investments Holdings Plc (LON: ZCC) announced the appointment of Phesto Musonda to its Board as a Non-Executive Director and Chairperson effective 9 June 2025.
About Phesto Musonda
Phesto Musonda is a seasoned entrepreneur and a prominent figure in Zambia’s construction and mining industries, bringing over three decades of experience in driving industrial growth, innovation, and strategic development. As Chairman and CEO of both Phoenix Materials Ltd and the Sub-Saharan Gemstone Exchange Industrial Park Ltd, he has combined technical and business acumen with visionary leadership to advance the mining and gemstone sectors not only in Zambia but across the Sub-Saharan region.
Renowned for his leadership in industrial development and policy advocacy, Phesto Musonda has played a key role in shaping Zambia’s economic and infrastructural development landscape. His ability to scale businesses, influence national policy, and implement Total Quality Management (TQM) systems has been instrumental in elevating operational standards across the sectors he engages in. Under his leadership, Phoenix Materials Ltd has grown to become a key player in providing mining support services in Zambia and is the founder of the Sub-Saharan Gemstone Exchange Industrial Park Ltd, the first indigenous owned economic zone in Zambia.
Phesto Musonda holds several leadership positions, including Chairman and President of the Sub-Saharan Gemstone Exchange Industrial Park Ltd, Chairman of Phoenix Materials Ltd and as well as Chairman of Manda Hill Centre, one of Zambia’s largest shopping malls.
His leadership extends into both the public and private sectors, having served in pivotal roles such as Vice-Chairman of the National Roads Fund Agency (NRFA), Vice-Chairman of the National Council for Construction (NCC), and President of the Association of Building and Civil Engineering Contractors (ABCEC). He also holds the distinction of having been the longest-serving Chairman of the Zambia International Trade Fair (ZITF). He further served as a Board Member of Flying Doctors Services and as a Board Member of the Zambia Association of Chambers of Commerce and Industry (ZACCI). He also consulted for the inaugural Zambia Mining and Investment Insaka (2024).
Phesto Musonda holds a Master of Business Administration (MBA) with a specialization in Total Quality Management from the University of South Wales and is a graduate of Construction from the Copperbelt University. His career exemplifies a rare blend of technical knowledge, executive leadership, and a long-standing commitment to Zambia’s industrial and economic development.
For more: https://www.zccm-ih.com.zm/
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