Board of Directors

Mr. D. Kafoteka, Managing Director, MPICO Ltd.

Mr Kafoteka is the Managing Director for MPICO Limited and its subsidiaries. He was previously the Finance Director of Old Mutual Malawi Limited. His finance profession spans more than 20 years having worked as Chief Financial Officer for many companies such as Petroleum Importers Limited, Malawi Pharmacies Limited and Peoples Trading Centre/McConnell. He currently serves on the Boards of National Bank of Malawi, Telekom Networks Malawi and Press Corporation Limited. Mr Kafoteka is a Certified Chartered Accountant (FCCA, UK), CPA (Mw) and holds a Bachelors of Commerce in Accounting (Bcom) from the University of Malawi Polytechnic, and a Diploma in Business Studies.

Mr. A. G. Barron, non-executive director.

Mr Barron is a farmer and the Managing Director of Mbabzi Estates Limited and Lincoln Investments (Pvt) Limited, a position that he has held since 1989. Mr Barron holds a Higher National Diploma in Business Studies from the University of West England and has extensive expertise in real estate. He also has a number of other business interests and is a director at Press Corporation Limited, Auction Holdings Limited, Seed-Co Limited, Plantation House Investments Limited and he is Chairman of the Board of Malawi Leaf Limited. He is an alternate councillor at the Tobacco Association of Malawi.

Mr. C. Kapanga, non-executive director.

Mr Kapanga is a Chartered Insurer (UK.) He also holds an MBA degree (University of Cape Town 2005.) He is one of the earliest Malawians to qualify as an Associate of the Chartered Insurance Institute (ACII UK 1985) and has over 35 years of international experience in the insurance industry. He is currently the Group CEO of Old Mutual Ghana on secondment from Malawi.

Mrs. V. Masikini, independent non-executive director.

Mrs Masikini is a holder of Chartered Institute of Management Accountant (CIMA) certification. She is a Group Finance and Administration Manager of Blantyre Printing and Publishing Company with over 30 years of practical experience.

Mrs. E. Jiya, non-executive director.

Mrs Jiya is a holder of MSc. in Strategic Management from University of Derby and Bachelor of Business Administration from University of Malawi. Edith Jiya is currently Acting Group CEO of Old Mutual Malawi Limited. Her substantive position is that of Deputy CEO for Old Mutual Malawi Limited. Previously she was the Managing Director of the Old Mutual Life Assurance Company (Malawi) Limited (OMLAC), a position she held for 5 years. She has also held senior managerial positions at OMLAC and BP Malawi Limited. Mrs Jiya is an associate member of the Chartered Insurance Institute (The CII) UK and associate of the Chartered Institute of Marketing. In addition to serving on the Old Mutual and MPICO Group boards, she also sits on the boards of Malawi Telecommunications Limited, Open Connect Limited and FDH Financial Holdings Limited.

Mr. M. Mikwamba, non-executive director.

Mr Mikwamba is an investment professional with over 15 years experience in investment management and capital markets in Malawi. Mark is a CFA Charter holder, Fellow Certified Chartered Accountant (FCCA, UK) and a holder of Bachelor of Accountancy Degree (BAcc) from the University of Malawi. Mark also completed his Management Advance Program with the University of Wits in 2013. He sits on FDH Group of companies’ board and is currently chairman of FDH Financial Holdings Limited. Mark has held different positions in Old Mutual Malawi Limited and is currently the Managing Director of Old Mutual Investment Group in Malawi. His previous employments include Chief Executive Officer of Stockbrokers Malawi Ltd and Head of Investments and Projects for NICO Holdings Ltd.

Ms E. Salamba, non-executive director.

Ms Salamba is a holder of MSc. in Leadership and Change Management from Leeds Metropolitan University and Bachelor of Commerce (Business Administration) from the University of Malawi Polytechnic. Ms Salamba currently works with National Bank of Malawi and is the Head of Credit Management. She has held different positions within Credit at National Bank of Malawi and has also worked with Standard Bank. Her banking experience spans over 20 years.

Ms C. Kalaile,non-executive director.

Ms C. Kalaile is a holder of an LLM in Commercial Law from Cardiff University and an LLB (Hons) from University of Malawi, Chancellor College. Ms Kalaile also completed her Management Advance Program with the University of Wits in 2013. Ms Kalaile currently works for Old Mutual as the Corporate Governance Manager and Company Secretary, a position she has held since 2008. She previously worked for Ministry of Justice for 7 years as a State Advocate. Her legal career spans over 15 years.

Ms F. Jacobs (RSA),non-executive director.


Faieda Jacobs has over 30 years of experience in property, ranging from valuations to property management and asset management.  She holds a BA LLB from the University of Cape Town and works on strategic projects for Old Mutual Property, based in Pinelands, South Africa.  Prior to this role she led the property management team. Her previous positions included key account management at Drake & Scull facilities management and property management at Allan Gray. She serves on several boards, including the Board of the Cape Town Central City Improvement District and is currently Deputy Chair of the Green Building Council of South Africa.


Mr. C. Katulukira, Financial Controller/Company Secretary.

Mr Katulukira is a Fellow of the Association of Chartered Certified Accountants (FCCA) and a holder of Bachelor of Commerce (Accountancy) and a Diploma in Business Studies. He is responsible for the Group Finances and Secretarial functions. He has 25 years of experience with 17 years in senior management positions.

Mr. E. Jambo, Operations Manager.

Mr Jambo has an MSc in Real Estate from the University of Pretoria, an MBA from ESAMI and a Bachelors of Arts in Public Administration from the Chancellor College. He is a registered valuation surveyor with 20 years’ experience in real Estate. He is currently responsible for leasing, facilities management, property valuation and human resource management at MPICO. Mr Jambo is also the Chairman of the Land Economy Chapter.

Mrs. E. Nyasulu, Facilities/Marketing Manager.

Mrs Nyasulu is currently finalizing her MBA at University of Reading, UK through Henley Business School. She has an MSc Real Estate (University of Pretoria), a Bachelor Business Administration (BBA) from the University of Malawi and Management Accelerated Programme Certificate-generic (WITS University). She is an experienced real estate practitioner with 19 years’ work experience and at present she is an Operations and Marketing Manager responsible for the overall management of The Gateway Mall. She is currently serving a three year term as the President of the Surveyors Institute of Malawi.

Mr. R. Butao, Senior Accountant.

Mr Butao is a Fellow of the Association of Chartered Certified Accountants (FCCA) and a holder of Bachelor of Accountancy Degree. He is responsible for the Group’s Finance and Accounting functions.

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