ZB Financial Holdings (ZB) has appointed Luxon Zembe as chairman of the board, effective August 1, 2023. Zembe is a prominent and reputable business leader and economic analyst with over 30 years of corporate governance oversight, foresight, and insight experience across all sectors of the economy.
His appointment comes as ZB recorded a 796 percent increase in total income to $917,284 billion during the half year ended June 30, 2023, from $102,407 billion for the comparable period in 2022. The group’s total assets increased by 153 percent in real terms to $2,539 trillion as of the half-year period from $1,003 trillion recorded in the prior period, outperforming average inflation over the same period