MTN Group has named Lwazi Bam as Group chief risk officer, responsible for the telco's enterprise-wide risk management and compliance functions.
Bam will be a member of the Group's Executive Committee, the telco stated today.
MTN explained that the appointment is effective from June 1, 2026, and is part of a series of leadership changes aimed at strengthening the execution and delivery of the Group's plan to capitalise on structural growth opportunities brought about by accelerated data adoption and financial inclusion across Africa.
“Bam brings with him more than two decades of senior leadership experience, including in risk oversight. He previously served as CEO of Deloitte Africa and Southern Africa, responsible for building and integrating a pan-African business,” said the company.
Bam has been a member of risk and audit committees and has worked closely with regulators and supervisory bodies.
A chartered accountant by training, his board experience includes Standard Bank Group and Standard Bank South Africa, SAICA, ZEDA Limited, Valterra Platinum and Woolworths.
MTN Group president and CEO, Ralph Mupita, said: “Lwazi Bam joins MTN at an exciting time in our journey, as we embark on our Ambition 2030 strategy.
“He brings with him strong leadership and experience in leading large, complex businesses across multiple markets, combined with a deep understanding of risk, regulatory and governance frameworks.
“I believe this will stand MTN in good stead as we work to lead digital solutions for Africa’s progress.”
Bam commented on his new role: “I am inspired by the impact MTN Group is making across the continent and excited to be joining a company whose purpose is leading digital solutions for Africa’s progress.”
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