Zambia

Highlights  

Bowmans Zambia advised Nampak, a diversified packaging manufacturer, on the successful disposal of its liquid cartons business, plastic drums business, and liquid business. Acting as local counsel, the team advised on the Zambian aspects of the transaction, with a specific focus on the transaction documents and tax implications of the disposal of the shares in Zambia. The transaction was completed in September 2024 and led by partner Bwalya Chilufya-Musonda.  

The firm also advised Stanbic Bank Zambia Limited as lead counsel in a $71.5 million financing to Kariba North Bank Extension Power Corporation (KNBEPC) for the development of the 100MW Chisamba Solar PV Project. Led by partner Joshua Mwamulima, the team conducted due diligence on KNBEPC and its related entities; drafted and negotiated the financing agreements and security documents; and advised on possible regulatory approvals required for closing. The transaction closed in May 2025.  

Key Clients  

Stanbic Bank Zambia Limited; Mitsui O.S.K Lines Ltd.; Absa Bank Zambia; First National Bank Zambia; Pepkor Holdings Limited; The Standard Bank; Garneton South Solar Limited; First Quantum Minerals Limited; Axian Energy Limited 

Testimonials 2024/2025  

“We appreciate the expertise of the team and their awareness of the regulatory framework.” (Project Development)  

“We appreciate their technical capacity, their understanding of the needs of the lenders, and their flexibility in working.” (Project Finance) 

“Bwalya Chilufya Musonda is an expert in the energy field and such a pleasure to work with.” (Project Finance) 

“Joshua Mwamulima is responsive, very knowledgeable and very pleasant to work with.” (Project Development) 

“Joshua Mwamulima is accessible and helpful. He has relevant technical capacity and skills.” (Project Finance)