At CFG-Holdings, the Board Chairman plays a pivotal role in providing strategic direction, fostering good governance, and ensuring that the organization’s mission aligns with its operations.
As the Chairman of the Board of Directors at CFG-Holdings Plc, Benedicto Bena Nkhoma provides visionary leadership to the board, ensuring strong governance, strategic direction, and accountability across the group. With over 25 years of banking, investment, and board-level leadership experience across Africa, he plays a central role in defining CFG-Holdings’ corporate values and shaping its future as a Pan-African financial powerhouse.
Benedicto brings a rare blend of technical expertise and transformational leadership, driving board-level oversight and ensuring alignment with the group’s mission for sustainable financial development. His experience in both private sector finance and public institutional governance ensures CFG-Holdings operates with sound policy, risk management, and long-term strategy.
He acts as a guiding force for executive leadership, supporting strategic fundraising, investor engagement, and corporate ethics, while championing CFG’s broader mission of financial inclusion and innovation across Africa.
Benedicto Bena Nkhoma has a strong record of achievement in the financial services sector, holding senior roles in banking, insurance, risk management, and sustainable investments. He has consistently led institutions through organizational growth, digital innovation, and operational excellence.
Chairman of the Board of Directors – Britam Insurance Malawi (March 2024 – Present)
Provides strategic leadership to the Board of Directors, ensuring robust governance and driving the institution’s growth agenda.
Oversees the alignment of Britam’s operations with best practices in strategic vision, financial risk management, and corporate governance.
Managing Director – Legacy BV Holdings Ltd (January 2023 – Present)
Leads strategic investment initiatives across multiple sectors with a focus on financial risk management, derivatives, investment banking, and asset management.
Responsible for business development, capital markets strategy, and portfolio growth in emerging markets.
Chairman of the Board of Trustees – The Mufwiri Trust (July 2022 – Present)
Heads the Trust’s social impact initiatives in education, health, and entrepreneurship.
Oversees financial risk management and ensures corporate governance practices within the Trust's operations.
Board Member – National Construction Industrial Council (September 2020 – Present)
Advises on strategic business development, financial oversight, and risk management for the construction industry in Malawi.
Board Governor – Saint Andrew’s International High School (June 2018 – Present)
Provides governance and financial oversight to one of Malawi’s leading international educational institutions.
Chief Treasury & Global Markets Officer – NBS Bank (September 2020 – September 2022)
Led Treasury operations, driving 65% of the bank’s revenue generation.
Managed relationships with regulators, Development Finance Institutions (DFIs), and correspondent banks.
Acting Chief Executive Officer – NBS Bank (October 2020 – November 2020)
Oversaw the entire operations of NBS Bank, engaging key stakeholders including regulators and the Board.
Acting Chief Commercial Officer – NBS Bank (December 2019 – September 2020)
Headed the Commercial Division encompassing Corporate and Institutional Banking, SME & Agriculture, Treasury, and Digital Banking.
Head of Treasury – NBS Bank (March 2014 – September 2020)
Directed the Bank’s Treasury strategy, driving significant revenue through FX and Money Markets, and managing global financial relationships.
Acting Chief Finance Officer & Head of Treasury – NBS Bank (June 2017 – January 2018)
Led financial reporting, capital raising efforts, and treasury operations, including listing initiatives on the Malawi Stock Exchange.
Head of Risk and Compliance – NBS Bank (July 2011 – March 2014)
Developed and implemented the Bank’s Enterprise Risk Management (ERM) frameworks including Basel II standards.
Directed risk governance structures, stress testing, and capital adequacy assessments.
Managing Director – Fortune CP Limited (November 2006 – March 2014)
Founded and managed one of Malawi’s leading renewable energy companies, delivering solutions to governments, banks, telecoms, and NGOs across Malawi and Mozambique.
With a distinguished career in executive banking, including a tenure as Managing Director of KCB and BPR banks in Rwanda, Maurice brings unparalleled expertise to CFG Holdings. His extensive knowledge of the East African financial sector and proven leadership abilities makes him a valuable asset to our team.
Our customer success team would love to hear from you.
Board Chairman
Benedicto BENA NKHOMA
Benedicto Bena Nkhoma is a Malawian citizen is an Award-Winning Executive, Inspirational Leader, Veteran Banker, Strategic Investor and Public Speaker. He is a highly respected financial sector leader with over two decades of experience in banking, insurance, investment, and corporate governance across Africa.
CV