Joshua Mwamulima

Joshua Mwamulima

Senior Associate
Lusaka, Zambia: B&M Legal Practitioners
T: +260 96 6974004
E: joshua.mwamulima@bowmanslaw.com
  • Overview
  • Experience
  • Publications & Insights

Overview

Joshua Mwamulima is a senior associate at B&M Legal Practitioners. He specialises in banking and finance, mergers and acquisitions, data protection, carbon markets, tax, competition and regulatory law. He also has significant experience in the energy and mining sector.

Joshua has helped clients ensure regulatory compliance at every stage of the company life cycle or project life cycle. He offers legal support to local and foreign clients on regulatory and policy issues relating to investments in Zambia. My role extends from project design and implementation, to drafting and reviewing commercial, financing and land related agreements. Regardless the role, risk management remains an indispensable expectation of my output.

His clients include multinational investors, international and local financial institutions, mining companies, independent power producers, renewable energy companies (wind, solar and hydro), carbon trading funds, large infrastructure and construction companies as well as real estate enterprises.

Education

  • Mater of Laws (LLM) in Mineral Law and Policy from the Center of Energy, Petroleum and Mineral Law and Policy at the University of Dundee, Scotland, United Kingdom; and
  • Bachelor of Laws (LLB), University of Zambia.

Professional membership

Joshua is:

  • a member the Law Association of Zambia; and
  • an advocate of the Superior Courts of Zambia.

Specialist Services

Relevant Experience

Jurisdictions worked in: Zambia
Languages fluent in: English

Joshua has advised:

  • 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;
  • Zambian Breweries Plc (Zambrew), a Lusaka Securities Exchange listed company and subsidiary of Anheuser-Busch InBev (AB InBev), in relation to the restructuring of its business by way of a spinoff. Zambrew sought to separate its manufacturing unit from the sales and distribution unit. The spinoff company, Zambian Breweries Distribution Company Limited (ZBDCL), focusing on the sales and distribution (warehousing and logistics), while Zambrew on the core business of production;
  • 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;
  • Absa Bank Zambia Plc, a part of Absa Group Limited an African financial services group, in relation to a ZMW 220 million refinancing facility to Zambeef Products PLC, an integrated cold chain food products and agribusiness company in Zambia. The purpose of the facility was to refinance an existing USD9,333,710.63 facility that the Borrower obtained from the German Investment and Development Corporation (DEG);
  • Stanbic Bank Zambia Limited, The Standard Bank of South Africa Limited in relation to a revolving facility for an aggregate amount of ZMW 825 million (est. USD47.2 million) availed to Coca-Cola Beverages Zambia Limited, a subsidiary of Coca-Cola Beverages Africa Proprietary Limited;

Corporate and M&A

  • 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;
  • Zambian Breweries Plc (Zambrew), a Lusaka Securities Exchange listed company and subsidiary of Anheuser-Busch InBev (AB InBev), in relation to restructuring of its business by way of a spinoff. Zambrew sought to separate its manufacturing unit from the sales and distribution unit. The spinoff company, Zambian Breweries Distribution Company Limited (ZBDCL), focusing on the sales and distribution (warehousing and logistics), while Zambrew on the core business of production;
  • Allianz SE, the holding company of the Allianz group of companies, (Allianz Group), in relation to the Zambian law aspects of its joint venture with the Sanlam group of companies (Sanlam Group), in which parties will contribute certain entities held by the respective groups for shares in the joint venture company;
  • 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;
  • ARC Limited (ARC Ltd), a sovereign-level mutual insurance facility, and one of the arms of the specialized agency of the African Union (AU), African Risk Capacity, that provides weather-related agricultural-type insurance coverage to Member States in relation to providing insurance programmes in Zambia;
  • International Finance Corporation in relation to a loan facility for the sum of USD 20 million to Bayport Financial Services Limited secured by a floating charge over its loan book and a security trustee and intercreditor deed;

Banking and Finance

  • Absa Bank Zambia Plc, a part of Absa Group Limited an African financial services group, in relation to a ZMW 220 million refinancing facility to Zambeef Products PLC, an integrated cold chain food products and agribusiness company in Zambia. The purpose of the facility was to refinance an existing USD9,333,710.63 facility that the Borrower obtained from the German Investment and Development Corporation (DEG);
  • Stanbic Bank Zambia Limited, the Standard Bank of South Africa Limited in relation to a revolving facility for an aggregate amount of ZMW 825 million (est. USD47.2 million) availed to Coca-Cola Beverages Zambia Limited, a subsidiary of Coca-Cola Beverages Africa Proprietary Limited;
  • Export Development Canada (EDC), Canada’s export credit agency, in relation to financing the purchase of two Q400 aircraft by the Ethiopian Airlines Group, which will be leased to Zambia Airways (2014) Limited. The Zambian Government through its holding company for all parastatals, Industrial Development Corporation of Zambia Limited, established Zambia Airways, a National Airline, through a joint venture with Ethiopian Airlines;
  • Gemcorp Capital Management Limited, an Emerging Markets Asset Manager focused on investing in high quality growth opportunities in emerging markets, in relation to a USD45 million refinancing facility to Jumo World Limited (Jumo) and its subsidiaries in Africa, a banking as a service platform that uses AI to power financial services in emerging markets;
  • Standard Chartered Bank London and Standard Chartered Bank Zambia Plc (together referred to as Standard Chartered Bank), a British multinational banking and financial services company, in relation to repurchase transactions, reverse repurchase transactions and buy/sell back transactions(repos) entered into with various counterparties in Zambia, including the Central Bank, corporates, financial institutions, insurance companies and pension fund managers;
  • 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;
  • Absa Bank Zambia Plc and Absa Bank Mauritius, in relation to refinancing an aggregated USD63 million term loan facility to Airtel Networks Zambia Plc, secured by a guarantee from Bharti Airtel International Netherlands BV, the parent company by converting its currency to Zambian Kwacha and repaying obligations due to Absa Bank Mauritius;
  • Absa Bank Zambia Plc, a part of Absa Group Limited an African financial services group, in relation to preparing and registering security documents relating to various facilities its advances to its customers in Zambia;
  • Absa Bank Zambia Plc, a part of Absa Group Limited an African financial services group, in relation to preparing and registering security documents relating to various facilities its advances to its customers in Zambia;
  • Absa Bank Zambia Plc, a part of Absa Group Limited an African financial services group, in relation to a facility for the sum of USD 10 million to Mount Meru Petroleum Zambia Limited secured by legal mortgages over the properties owned by Mount Meru Petroleum Zambia Limited;
  • Absa Bank Zambia Plc, a part of Absa Group Limited an African financial services group, in relation to a facility for the sum of ZMW 25,718,000.00 to Tata Zambia Limited secured by legal mortgages over the properties owned by Tata Zambia Limited
  • Absa Bank Zambia Plc, a part of Absa Group Limited an African financial services group, in relation to a facility for the sum of USD 5 million to Neelkanth Lime Limited and Neelkanth Cables Limited secured by legal mortgages and floating charge over the properties and movable assets owned by Neelkanth Lime Limited;
  • Loinette Capital Limited, in relation to preparing and registering security documents relating to various facilities its advances to its customers in Zambia;
  • Trafigura Pte Ltd, in relation to a loan facility for the sum of USD 2 million to Suleman Roadways Limited secured by a fixed and floating charge over motor vehicles owned by Suleman Roadways Limited and Super Care Logistics (Zambia) Limited;
  • Absa Bank Zambia Plc, a part of Absa Group Limited an African financial services group, in relation to a debt program by Unifi Credit Limited for the sum of ZMW 400 million secured by a floating debenture and a security trustee and intercreditor deed;
  • Absa Bank Zambia Plc, a part of Absa Group Limited an African financial services group, in relation to a debt program by Unifi Credit Limited for the sum of ZMW 400 million secured by a floating debenture and a security trustee and intercreditor deed.
  • Inoks Capital S.A, acting on behalf of Ancile Trade Access Program Sub-Fund, in relation to a loan facility for the sum of USD 2.5 million to Premier Credit Zambia Limited secured by an account charge, security assignment and a corporate guarantee;
  • Inoks Capital S.A, acting on behalf of Ancile Trade Access Program Sub-Fund, in relation to a loan facility for the sum of USD 2.5 million to Lupiya Financial Services Limited secured by an account charge and security assignment;
  • International Finance Corporation in relation to a loan facility for the sum of USD 20 million to Bayport Financial Services Limited secured by a floating charge over its loan book and a security trustee and intercreditor deed;
  • Emerging Africa Infrastructure Fund Limited acting through its duly authorised agent Ninety-One SA Proprietary Limited and other various lenders in relation to a loan facility for the sum of USD 31 million to Paratus Group Holdings Limited secured in Zambia by a share charge over the shares owned by Paratus Group Holdings Limited in Paratus Zambia Limited;

Awards

  • Chevening Scholar

Publications & Insights