- 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 the Competition and Consumer Protection Commission.
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.
- LafargeHolcim, a French-Swiss multinational company that manufactures building materials, in relation to its disposal of 75% of its shareholding in Lafarge Zambia Plc (Lafarge) to Huaxin (Hainan) Investment Co., Ltd. at an enterprise value of USD 150 million for full ownership of Lafarge.
- Advising BP Investment Limited (BPIL), in relation to its mandatory offer to the minority shareholders of CEC Africa Investments Limited (CECA), a public company quoted on the Lusaka Securities Exchange, following a substantial acquisition of shares in CECA by BPIL.
- Network International Holdings plc, an enabler of digital commerce across the Middle East and Africa, listed on the London Stock Exchange, in relation to the Zambian law aspects of its acquisition of 100 per cent stake in DPO Group, an online commerce platform operating across 19 African countries, for a total consideration of approximately USD 288 million.
- MTN Group Limited, a South African multinational mobile telecommunications company, operating in many African, European and Asian countries, in relation to the restructuring of aYo Holdings, a 50/50 joint venture between MTN Group and Momentum Metropolitan Strategic Investments Proprietary Limited (MMH), a subsidiary of the listed entity MMI Holdings Limited.
- Absa Bank Zambia Plc in relation to a ZMW 220 million refinancing facility to Zambeef Products PLC, an integrated cold chain food products and agribusiness company in Zambia
- Zambia National Commercial Bank, in relation to a USD 3 million Warehouse Receipt Financing Facility to Parrogate Ginneries Limited, a subsidiary of the Parrogate Group, which has operations in Malawi, Zambia, and Zimbabwe.
- 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.
Publications & Insights
- Zambia: Regulatory developments on cyber security
- Africa: M&A in Key Jurisdictions – Bowmans report on current trends published
- Zambia: Fiscal incentives to promote manufacturing in economic zones re-introduced
- Zambia: Tourism fiscal relief extended for another year
- Zambia: Deductibility of the mineral royalty re-introduced for corporate income tax assessment purposes
- Zambia: Measures to support the agricultural and agro-processing sectors
- Zambia: Public-private partnerships to fund transport infrastructure
- Zambia: The insurance sector as a source of revenue
- Zambia: 2022 National Budget aims to revitalise the country’s economy
- 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