KPMG Zambia

THE CLEAR CHOICE FOR FINANCIAL SOLUTIONS

INSPIRE CONFIDENCE, EMPOWER CHANGE

Offering audit, tax, and advisory services across the entirety of Zambia, Jason Kazilimani Jr, Senior Partner and CEO of KPMG Zambia, tells us about the firm’s proud history of delivering multidisciplinary finance and accounting skills based on deep industry knowledge

Writer: Lauren Kania | Project Manager: Kieron Harvey

In today’s interconnected global landscape, the importance, serving as the driving force behind

“From the intricate mechanisms of accounting to the risk management strategies of insurance and the fundamental

The opening words of Jason Kazilimani, Senior Partner and CEO of KPMG Zambia, demonstrate one of the most compelling aspects of the finance industry - its remarkable dynamism. History has shown the sector’s unique capacity for both innovation and turbulence, exemplified by events such as the 2008 downturn. This moment of upheaval serves as a poignant reminder of the industry’s everchanging nature, necessitating constant adaptation and resilience from stakeholders.

Moreover, the regulatory landscape governing finance is constantly evolving to address emerging challenges and promote transparency and accountability.

One such company inspiring confidence and empowering change in a world where rapid evolution and unprecedented disruption are the new normal is KPMG Zambia, a leading professional services firm offering a wide range of solutions, including audit, tax, and advisory services.

“Our expertise spans various industries, providing tailored solutions to meet the diverse needs of clients. With a strong commitment to quality and integrity, we continue to be a trusted partner for companies seeking to navigate the complexities of today’s business environment,” expands Kazilimani Jr.

Having operated in Zambia for nearly seven decades, the firm has worked diligently to develop a reputation for delivering a globally

consistent set of multidisciplinary finance and accounting capabilities based on deep industry knowledge, regardless of current hurdles or unexpected economic environments, thus showcasing the importance of a well-oiled financial machine.

“As we navigate through an era of change and uncertainty, the enduring relevance of the finance industry remains steadfast. Its multifaceted role in facilitating economic growth, managing risk, and allocating resources underscores its indispensable nature,” asserts Kazilimani Jr.

SERVING PUBLIC INTEREST

Despite initially aspiring to become a lawyer, Kazilimani Jr eventually decided to go into the financial industry after learning how fulfilling a career in accountancy could be from Emmanuel Hackipuka – a close friend of his father and one of Zambia’s first qualified chartered accountants.

“I embarked on my professional journey in 1992 with what was Zambia Consolidated Copper Mines, where I spent two years in its group accounting unit before transitioning to other roles with KPMG Peat Marwick, eventually being made a partner at KPMG Zambia in 2004,” he explains.

Alongside the usual auditing and consulting work, Kazilimani Jr has worked in various positions throughout the KPMG network. After spending just over four years at the Financial Services practice in Nigeria, he returned to Zambia in 2011 as the Senior Partner for the newly reconstituted KPMG firm in the country.

Most recently, he led a major receivership assignment for one of the country’s largest copper mines that lasted for over a year and a half.

This lifetime of hard work, dedication, experience, and passion for the industry has culminated in a

KPMG ZAMBIA’S VALUES AND PURPOSE

Each of KPMG Zambia’s five values are designed to bind the firm together across different backgrounds and represent the foundation of its culture.

Empowered by its people and purpose, KPMG Zambia is building a values-led organisation of the future.

• Integrity – Doing what is right.

• Excellence – Constantly learning and improving.

• Courage – Thinking and acting boldly.

• Together – Respecting one another and drawing strength from differences.

• For better – Doing what matters.

KPMG Zambia’s purpose is to inspire confidence and empower change. By inspiring confidence in people, clients, and society, the company helps empower the change needed to solve the toughest challenges and lead the way forward.

“WE HAVE BEEN IN ZAMBIA FOR NEARLY 70 YEARS NOW, ENSURING THAT WE SERVE OUR CLIENTS WITH OUR FULL PURPOSE, WHICH IS TO SERVE THE PUBLIC INTEREST IN EVERYTHING WE DO”

– JASON KAZILIMANI JR, SENIOR PARTNER AND CEO, KPMG ZAMBIA

workplace that prioritises excellence every step of the way.

Through the guidance and leadership of Kazilimani Jr, KPMG Zambia sets itself apart from the competition through its commitment to delivering innovative solutions, leveraging cutting-edge technology, and providing deep industry expertise.

“We have been in Zambia for nearly 70 years now, ensuring that we serve clients with our full purpose,

which is to serve the public interest in everything we do,” he prides.

“Additionally, KPMG Zambia’s global network enables access to a wealth of resources and insights, allowing us to offer comprehensive and tailored solutions to clients. Our focus on building strong client relationships and delivering valueadded services ensures we remain a preferred partner for businesses looking to achieve their goals effectively and efficiently.”

NAVIGATING TODAY’S FINANCIAL ENVIRONMENT

Currently, Zambia is in the process of debt restructuring, which is expected to lead to an increase in foreign direct investment (FDI).

With greater FDI, local production sectors such as farming, mining, and manufacturing will be boosted, thus enhancing the nation’s export capabilities and, in turn, strengthening the economy and exchange rate.

“Zambia’s debt restructuring will have significant implications for both the country and firms like KPMG Zambia, as it could result in access to much-needed capital for infrastructure development, job creation, and economic growth,” highlights Kazilimani.

“In this respect, we are currently setting up a specialised infrastructure team to address the opportunities that will arise, as this increase in FDI could translate into new business opportunities and demand for our services.”

As investors seek to navigate the complexities of entering or expanding

“BY EMBRACING INNOVATION, FOSTERING RESPONSIBLE PRACTICES, AND NAVIGATING REGULATORY COMPLEXITIES, THE FINANCE INDUSTRY CONTINUES TO SHAPE AND PROPEL THE WORLD FORWARD”

– JASON KAZILIMANI JR, SENIOR PARTNER AND CEO, KPMG ZAMBIA

the Zambian market, they will turn to KPMG Zambia for assistance with company registrations, financial and tax advice, risk management, and other consulting services.

Additionally, the firm is open to supporting the government and stakeholders throughout the debt restructuring process, providing expertise in different financial analyses and implementation.

Alongside the preparation for this potentially industry-changing event, KPMG Zambia has recently integrated into the newly launched Southern African partnership, comprising

Botswana, Namibia Zimbabwe, Mozambique, Mauritius, South Africa, and Zambia.

“This integration into one large Southern African firm will bring several potential benefits for the future of our Zambian business. For example, it will provide access to a broader pool of resources, expertise, and specialised services from other parts of the region,” expands Kazilimani.

This will enhance KPMG Zambia’s capabilities, allowing it to offer more competitive solutions to clients and operate more effectively within the market.

Additionally, being part of this larger regional entity will strengthen the firm’s position in attracting and retaining top talent, as it will have access to enhanced training and development programmes, career advancement opportunities, and the

Zamgreen Agriculture Limited is a fish company which falls under the Sun Share Group of Companies umbrella. Zamgreen Agriculture is also known as ZamFresh. Zamgreen was established in Zambia in 2018.

Currently, Zamgreen is the biggest fish company in Zambia with over 300 massive fish cages on the great Kariba Dam, in Siavonga District, Southern Province of Zambia. Zamgreen supplies high quality fresh Kariba Tilapia (fish) to the whole country, neighbouring countries and other countries on the African continent.

ability to work on more diverse and complex projects.

Furthermore, the integration is fully expected to lead to operational synergy, resulting in improved efficiency, streamlined processes, and cost savings.

Zamfresh fish is sold in all supermarkets in Zambia like Zambeef, Choppies, Pick n Pay, Shoprite, JUMBO, etcetera. Zamfresh also sells its fish to other fish companies like Capital Fisheries, small merchants who are mainly based in small communities, butcheries, fish centers, and to the general public.

Apart from Zambia, Tanzania, Zimbabwe and Uganda, our fish business continues to grow every year, recently expanding to South Africa. In addition, aside from fish, Zamfresh also produces and sells high quality fish feed.

“Overall, the integration into a larger Southern African firm presents exciting opportunities for the future growth and success of KPMG Zambia, positioning us as a leading professional services provider in the region,” asserts Kazilimani.

CHAMPIONING THE FUTURE OF ZAMBIA

Recognising the incredible and dedicated team members who continue the firm’s time-tested legacy is a priority for Kazilimani Jr and the rest of KPMG Zambia.

“Our staff are critical to the success of the business. Without our people, we cannot deliver services to clients and meet our strategic vision, mission, and objectives,” he details.

The firm aspires to be ‘the clear choice’ by recruiting exceptional, high-calibre staff who contribute positively to achieving KPMG Zambia’s overarching strategy.

“Our ambition is to be the most trusted professional services firm and grow our market share, which is dependent on our ability to recruit quality staff and engage and retain talent.”

Equally, the firm places high importance on its corporate social responsibility (CSR) practices and the ways in which it contributes to a positive future for the country and the people it serves.

KPMG Zambia recently partnered

with Build Zambia 2064, a civil society organisation working to support the government in its agenda to transform Zambia into an economically prosperous nation.

“The organisation’s focus is on facilitating a positive mindset change and skills training for citizens, specifically younger generations,” informs Kazilimani Jr.

The organisation is ultimately championing Zambia’s mission of attaining first-world status by its

100th independence anniversary in 2064. One of the primary ways this is being accomplished is by actively engaging schools and universities in debate programmes to raise interest in discussing national development.

“We partnered with Build Zambia 2064 because its initiative resonates and aligns with our agenda to sponsor corporate social initiatives (CSI) for FY24 that speak to positioning KPMG Zambia in the education sector,” he explains.

AFRICA OUTLOOK: WHAT PROJECTS HAVE KPMG ZAMBIA EMBARKED ON THAT HAVE CONTRIBUTED TO THE SUCCESS OF THE BUSINESS?

Jason Kazilimani Jr, Senior Partner and CEO: “In a high-risk and highly publicised role, KPMG Zambia took on the challenge of serving as the receiver for one of the country’s largest mining companies through my appointment as agent of the mine’s provisional liquidator.

“With diverse stakeholders vying for consensus, we successfully maintained operational stability, ensuring the mining company continued to function.

“This experience showcased our ability to navigate complex stakeholder dynamics, make strategic decisions under pressure, build trust with various interest groups, drive consensus-building efforts, and lead with integrity in a high-profile setting.

“This experience demonstrates our capacity to handle sensitive, high-stakes situations and my ability to collaborate with diverse stakeholders to achieve a common goal.”

As the firm continues to look towards a positive future for itself and the community it serves, it is determined to continue to inspire confidence and empower change as it confidently navigates this dynamic environment.

“Our key priority for the coming year is to strategically expand our business operations by capitalising on opportunities for growth in both new and existing markets,” concludes Kazilimani Jr.

KPMG Zambia is committed to quality and excellence in everything it does, bringing its best to clients and earning the public’s trust through actions and behaviours.

Being a part of the financial solution has driven the firm since its inception, and as the world evolves, the company is determined to keep learning and improving, working alongside others to do the same.

Tel: 0211372900

https://kpmg.com