Management and Corporate Governance

In the final analysis, the product a rating agency "sells" is its credibility with a broad client base of investors who rely on its credit opinions. Maintaining investor confidence in the objectivity of ratings is therefore critical.

Rating agency decisions that directly affect an issuer’s reputation or borrowing costs may sometimes be received less enthusiastically by the issuer. In order to add value in the market, the rating agency should be prepared to uphold integrity when giving risk opinions. Interested parties such as, intermediaries, governments, and even current holders of that issuer’s securities must not influence their opinion.

An agency's value in the marketplace is derived from its credibility with investors. And it is precisely that investor confidence which enables borrowers to maintain access to the capital markets over time.

L&G analysts will look at each issuer's business in its entirety, namely financial and operational statistics. They will also make extensive use of computer modeling techniques.

An analysis of the fundamental credit strengths and weaknesses unique to each entity and management team will also be made. This will enable the analyst to understand the long-term risks specific to each borrower's industry.

To keep the markets informed, L&G analysts will maintain a continuous dialogue with investors. They will spend time interacting with issuers and intermediaries, get their viewpoints, offer opinions on the risk implications of planned debt offerings, and maintain open, candid dialogue about the rationale underpinning their rating judgments.

In times of market stress, hat deeper understanding of each issuer's risk profile can help to alleviate investor concerns, thereby helping the issuer affected to maintain market access.

We undertake to maintain absolute independence and adherence to internationally accepted standards.

The following are the key individuals:

Maybin Muyawala	Managing Director
Paradzai Nematadzira	Director-banking and structured Finance
Mike Nabavi	Director-microfinance
Stephen Lungu	Non Executive Director

Maybin Muyawala MBA FCCA,FZICA,CISA

Maybin is an experienced financial professional and a Chartered Accountant who has worked in a variety of jobs through the years. He has received considerable training in Corporate Finance, Insolvency, Auditing and Risk management. The training was a combination of practical work experience as well as structured training at Deloitte & Touche in Canada and Zambia, KPMG in Zambia. Maybin was in charge of financial advisory and consulting. During this time he provided financial advice and consulting to multinational as well as local corporations. Maybin has a Master of Business Administration from Edinburgh Business School (MBA) of the United Kingdom and Certified Information Systems Auditor certification from USA (CISA). He has over 16 years of IFRS/IAS experience, Canadian GAAP and USA GAAP. Maybin is responsible for the overall leadership of the rating process.

Paradzai Nematadzira, CA, BComm Hons, ACA, CA (Alberta)

Mr. Nematadzira is a Chartered Accountant, a member of the Institute of Chartered Accountants of Zimbabwe, Institute of Chartered Accountants in England and Wales and The Institute of Chartered Accountants of Alberta, Canada. He has an Honours Bachelor of Accounting Science degree (Hons BCompt) from the University of South Africa in South Africa and a Bachelor of Commerce Honours in Accounting degree (BComm Hons (Acc)) from the National University of Science and Technology in Zimbabwe. He also has a Certificate in Theory of Accounting (CTA) from the Institute of Chartered Accountants of Zimbabwe and a Post Graduate Advanced Certificate in Auditing from Accounting Professional Training in South Africa.

Mr Nematadzira is an Associate Member of the Association of Certified Fraud Examiners. Mr. Nematadzira is currently studying towards a Master of Business Administration (Finance and Accounting) with the University of Liverpool.

Mr Nematadzira has previously worked for KPMG in Zimbabwe where he rose to the position of Audit Manager. Mr. Nematadzira also worked for Deloitte and Touche in Canada. Mr. Nematadzira is currently resident in Canada as a resident consultant for Levin and Goldstein. Mr. Nematadzira is Chairman of the Board of Directors of Hachures Investments (Private) Limited a Zimbabwe based private investment company and also an advisor to the Board of Directors of Epicure Investments (Private) Limited a Zimbabwe based private investment company.

Mike Nabavi ,MBA

Mike Nabavi has over 15 years of Strategy and Operations experience with numerous private and public sector organizations. Mike’s focus is to assist public and private sector organizations to find ways to overcome barriers, boundaries and silos that impede service delivery. By developing integrated solutions, Mike assists organizations to remove the divisions that weaken their ability to anticipate, assess and respond to challenges.

Mike has expertise in understanding organizational challenges and delivering actionable strategies. Mike holds an MBA from Queen’s University and a BA from the University of Calgary, and he is a Certified Business Process Manager.

Mr. Stephen Lungu

Stephen has 18 years experience as a lawyer. He is a holder of a bachelors of Law Degree from the University of Zambia and a Masters of Laws in International Banking and Finance from University of London (Kings College). He served as Legal Counsel and Company Secretary of BP Zambia Plc for the 6 years and has vast experience in corporate matters. He too has been a litigation lawyer and has thus the experience necessary. Mr. Lungu is the past President of the Law Association of Zambia. He is also a consultant with the African Development Bank and is legal advisor and Board Member of SPW Zambia. Mr. Lungu is a member of the Revenue Appeals Tribunal and is a Commissioner of the Small Claims Courts in Zambia and also sits on the Board of Directors of National Savings and Credit Bank Zambia.
He has experience in transfer secretarial work having worked as Company Secretary of BP Zambia Plc. He worked with both local and foreign experts in the floatation of BP Zambia Plc on the Lusaka Stock Exchange and has worked closely with the stock exchange in its creation of the Code on Corporate Governance.
He has provided legal counsel on floatation of shares on the stock exchange and advised on various mechanisms of raising finance from the stock exchange.
In the past he has provided advice on issues relating to loan syndication to BP Zambia Plc and Roan Air Limited (Management Buy-out).

Operating Hours Mon-Friday 08:00 - 17:00hrs & Public holidays we are off.

Call now: (260) 979370989

For further details or enquiries contact levinandgoldstein, 2nd Floor, Exchange Building Farmers House, Cairo Road, Lusaka.

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Levin and Goldstein

2nd Floor,Exchange Building
Farmers House, Cairo Road
Mailing Address: P.O. Box 34028
Lusaka, Zambia
Tel: +260 211 236926, Fax: +260 211 236925
Mobile: +260 979 370989
Email: info@levinandgoldstein.com
Website: www.levinandgoldstein.com

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