Wila Mung'omba

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Wila D'Israeli Mung'omba (born October 18, 1939 in Zambia ; † February 17, 2014 in Johannesburg ) was a Zambian lawyer and the fourth president of the African Development Bank (AfEB) from 1980 to 1985 .

Life

Mung'omba studied at Makerere University in the Ugandan capital Kampala and the Inner Temple in London, which he graduated with a Barrister-at-Law , and obtained a Postgraduate Certificate in International and Comparative Law at the International & Cooperative Law Center in Dallas , USA .

From 1968 to 1970 he was First Secretary Legal Advisor at the Zambian Embassy in New York City and from 1976 to 1978 Minister-Counselor (Economic Affairs) at the Zambian Embassy in Washington, DC

From 1972 to 1978 he was a member of the National Assembly for the constituency of Mporokoso . He was a member of the United National Independence Party , the then Unity Party .

In January 1980 he was appointed fourth president of the AfEB; during his five-year presidency, equity funds were able to rise from USD 1 billion to USD 8 billion thanks to the possibility of membership for non-African countries (17 already took part in the annual conference in 1983) and net income from $ 2 million (1978) to $ 75 million (1985). In 1984, $ 879.3 million in loans was granted. Furthermore, the AfEB was expanded from a pure donor to a promotional and development bank. In addition, the reputation of AfEB could be increased, was rated AAA by Fitch Ratings and AAA by Standard & Poor’s and was thus able to operate on the international financial markets for the first time.

After his presidency, he moved back to Zambia in 1986, where he and others founded the commercial bank Capital Bank, later New Capital Bank, which became today's Cavmont Bank , of which he was chairman and director.

In 1986 he became an advisory board member of the School of Business and Industrial Studies at Copperbelt University .

In 1988 he became an Advisory Board of the University of Zambia .

From March 1995 to June 1998 he was head of the government commission for the privatization of the Zambia Consolidated Copper Mines , appointed by the World Bank .

In 2003 he became chairman of the commission set up by the then Zambian President Levy Mwanawasa to revise the constitution, from which among other things the 50 + 1 rule and the vice-presidency grew; see also Political System of Zambia .

From December 1, 2011, he was CEO of Zambia Consolidated Copper Mines Investment Holdings .

Mung'omba died on the morning of February 17, 2014 in a Johannesburg hospital.

Honors

  • Ivory Coast: Ordre Nationale du Merit (German National Order of Merit)
  • Cameroon: Ordre Nationale du Merit
  • Togo: Ordre Nationale du Merit
  • Tunisia: Ordre Nationale du Merit
  • Senegal: Ordre Nationale du Merit
  • South Korea: Honor for Distinguished Diplomatic Services
  • Zaire: Ordre Nationale du Merit

Individual evidence

  1. ↑ Legacy. In: wilamungomba.com. Retrieved on May 29, 2020 (English).
  2. ↑ a b c d e f g h Leadership / About, CV. In: wilamungomba.com. Retrieved on May 29, 2020 (English).
  3. ^ A b African Development Bank: AfDB Group: The first 50 years. April 3, 2019, accessed on May 29, 2020 .
  4. ^ President. In: wilamungomba.com. Retrieved on May 29, 2020 (English).
  5. ↑ Zambia: Willa Mung'omba is dead. In: LusakaTimes.com. Retrieved May 29, 2020 (UK English).
  6. ↑ a b c Zambia: Willa Mung'omba is dead. In: LusakaTimes.com. Retrieved May 29, 2020 (UK English).
personal data
SURNAME Mung'omba, Wila
ALTERNATIVE NAMES D'Israeli Mung'omba, Wila (full name)
BRIEF DESCRIPTION Zambian lawyer, President of the African Development Bank (AfEB) (1980–1985)
DATE OF BIRTH October 18, 1939
PLACE OF BIRTH Zambia
DATE OF DEATH 17th February 2014
Place of death Johannesburg