ZiCA Seeks CFO Action


CFOs urged to strengthen investor confidence and drive economic resilience amid uncertainty

By Francis Maingaila ♥️

Lusaka, Zambia — (02-07-2026) — The Zambia Institute of Chartered Accountants (ZiCA) has called on Chief Financial Officers (CFOs) to take stronger action in attracting investment and supporting Zambia’s economic stability in a challenging global environment.

Speaking at the opening of the 2026 CFO Workshop in Lusaka on Thursday, ZiCA President Joseph C. Matimba said CFOs must move beyond traditional financial reporting and take a more active role in strategic leadership, risk management, and sustainable growth.

Matimba said Zambia’s economic progress depends on finance leaders who can help unlock both local and international investment through transparency, strong financial management, and the development of viable investment projects.

He pointed to sectors such as energy, agriculture, manufacturing, and infrastructure as key areas with strong potential if properly financed.

He noted that exchange rate volatility and inflation have increased economic uncertainty, requiring CFOs to strengthen planning, improve liquidity management, and adopt effective capital structuring to protect businesses while supporting growth.

Matimba also urged finance professionals to embrace artificial intelligence and digital financial systems, saying technology is transforming forecasting, treasury operations, and decision-making.

He said organisations that invest early in data systems, skilled staff, and modern tools will remain competitive.

He further highlighted that new sustainability reporting standards under IFRS S1 and IFRS S2 have expanded CFO responsibilities to include environmental, social, and governance (ESG) disclosures, which are increasingly required by investors and development partners.

Matimba said strong leadership in uncertain times demands foresight, courage, and credibility, urging finance executives to make decisions that inspire confidence in the economy.

He thanked facilitators from both the public and private sectors for supporting the workshop and expressed confidence that the discussions would strengthen the capacity of finance professionals to contribute to national economic growth.

He then officially opened the 2026 CFO Workshop.

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