Texila American University Zambia (TAUZ), in partnership with the Zambia Chamber of Commerce and Industry (ZACCI), hosted a workshop under the theme “Enhancing Business Resilience and Managing Financial Risks in Zambia.” The event brought together industry experts, academics, and business leaders to discuss strategies for navigating financial risks in an increasingly uncertain economic environment.
The workshop featured keynote presentations from Ms. Mumba N. Mayeya, Managing Director of Symmetric Insurance Solutions, and Mr. Owen Ulayi, Lecturer in the School of Business Management at TAUZ.
In her presentation, Ms. Mayeya emphasized the importance of risk management frameworks for businesses in Zambia, noting that resilience requires proactive planning. “Organisations that build strong financial buffers and adopt insurance solutions tailored to their operational risks are better positioned to withstand shocks,” she said.
Mr. Ulayi, speaking from an academic and practical perspective, highlighted the role of financial literacy and strategic planning in resilience building. “It is not enough to manage risks reactively. Businesses, both large and small, must embed resilience thinking in their day-to-day decision-making processes to remain sustainable in the long term,” he explained.
Delivering the welcome remarks on behalf of the university, Deputy Vice Chancellor, Dr. Balamurugan Easwaran, stressed TAUZ’s commitment to fostering dialogue between academia and industry. “At Texila American University, we believe that knowledge sharing is critical to equipping leaders and entrepreneurs with the skills they need to thrive in today’s dynamic business environment,” he said.
Representing ZACCI, Dr. Silvia Mwansa, a Trustee of the chamber, underscored the importance of partnerships in strengthening Zambia’s business ecosystem. “Resilience is not built in isolation. It requires collaboration between the private sector, academia, and policy makers to create an enabling environment for businesses to flourish,” she noted.
