- Publications & Insights
Bwalya Chilufya-Musonda is a partner in our Zambian practice.
She specialises in corporate and financial law and has considerable experience advising clients on mergers and acquisitions, capital market transactions, syndicated lending, corporate financing, project financing, export credit financing and debt restructuring.
Bwalya’s expertise extends to tax and competition law, including representing clients (whether merging parties or third-party challengers) in relation to merger decisions made by both the Competition and Consumer Protection Commission and the Competition and Consumer Protection Tribunal.
She has a unique blend of private and public experience, having worked as State Advocate under the Ministry of Justice’s Department of Civil Litigation, where she advised and represented the Republic of Zambia in litigation both in and outside the country. She also has a well-rounded view of the insurance sector.
Bwalya is a member of the International Bar Association and the Law Association of Zambia and is an advocate of the Superior Courts of Zambia. She has an LLB from the University of Zambia, an LLM in International Business and Trade Law from the John Marshall Law School, Chicago, USA and a post-graduate diploma in Legislative Drafting from the Zambia Institute of Advanced Legal Education.
Experience gained prior to joining Bowmans is as follows
- Industrial and Commercial Bank of China, the largest bank in the world by total assets, in relation to the financing of over USD 72 million engineering, procurement and construction (EPC) contract involving a social security fund, Public Service Pensions Fund, guaranteed by the Government of the Republic of Zambia, for the Alick Nkhata Road Business Park project.
- Copperbelt Energy Corporation Plc (CEC), a Zambian publicly traded power transmission, generation and distribution company listed on the Lusaka Stock Exchange and a major developer of energy infrastructure in Africa, in relation to the first-ever USD 380 million takeover offer of all the ordinary shares of CEC by the CDC Group Plc, which is UK’s development finance institution wholly owned by the UK Government Department for International Development.
- Industrial Development Corporation of Zambia Limited, the Zambian Government holding company for all parastatals, on its 90 per cent stake acquisition in an oil palm plantation business, Zampalm Limited, a wholly-owned subsidiary of Zambeef Products Plc, a fully integrated cold chain food processing and retailing group with operations in Zambia, Nigeria and Ghana, for a cash consideration of USD 16 million.
- Neoen First Solar Consortium as investor shareholders in Bangweulu Power Company Limited (the project company for the Scaling Solar Project) and Bangweulu Power Company Limited as Borrower in relation to a loan facility for an amount of USD 49.9 million from the Overseas Private Investment Corporation (OPIC) and the International Finance Corporation. The loan facility financed the development and operation of a solar PV power plant with a generating capacity of at least 47.5MW (AC) in the Lusaka South Multi-Facility Economic Zone and the development of the interconnection facilities.
- Investec Plc on an ECA, Swiss Export Credit Insurance (SERV) and Israel Foreign Trade Risks Insurance Corporation Limited (ASHRA) backed export credit facility to the Government of the Republic of Zambia for the construction of the Kala Marine Barracks in Northern Province, Zambia.
Publications & Insights
- Zambia: The Cyber Security and Cyber Crimes Act, 2021- Key provisions and implications for service providers and private citizens
- Zambia: Competition and Consumer Protection Commission levies maximum penalties for anti-competitive trade practices in the cement industry
- Zambia: Competition and Consumer Protection Commission fines seven companies for cartel conduct
- Amendments to the regulation of transfer pricing
- Introduction of local content-based incentive to promote manufacturing
- Reduction of corporate income tax rate for tourism enterprises