Jito Kayumba

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Jito Kayumba
Jito Kayumba, photo: Lusaka Times
Special Assistant to the President for Economics and Development Affairs
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September 2021
PresidentHakainde Hichilema
Personal details
BornZambia
NationalityZambian
Political partyUPND
Alma materUniversity of Cape Town
OccupationEconomist, Investor, Public Servant

Jito Kayumba is a Zambian economist, investor, and public servant who has been serving as the Special Assistant to the President for Economics and Development Affairs in Zambia since his appointment in 2021 by President Hakainde Hichilema. With a background in corporate finance and venture capital, Kayumba has been recognised for his contributions to economic policy and private sector development in Zambia.

Early Life and Education

Jito Kayumba was born and raised in Zambia. He pursued higher education in economics and finance, earning a Bachelor of Commerce in Economics from the University of Cape Town (UCT) in South Africa. While at UCT, he distinguished himself academically and laid the foundation for his career in investment and economic development.

Professional Career

Before entering public service, Kayumba built a successful career in the private sector. He served as a Partner at LoftyInc Capital Management, a venture capital firm focused on supporting innovative start-ups in Africa. In this role, he played a significant part in facilitating investments across sectors such as technology, energy, and agribusiness.

Kayumba’s experience also includes corporate finance and strategy, where he advised companies on business growth, restructuring, and accessing capital. His professional journey highlighted his commitment to fostering entrepreneurship and economic empowerment in Zambia and beyond.

Political Appointment

In September 2021, Jito Kayumba was appointed as the Special Assistant to the President for Economics and Development Affairs by President Hakainde Hichilema. His appointment marked a shift towards involving younger professionals with private sector expertise in Zambia’s governance. As a key advisor, Kayumba focuses on economic reforms, investment promotion, and strategies to stimulate sustainable development.

Kayumba’s role involves working closely with international financial institutions, private investors, and government agencies to attract foreign direct investment and implement policies aimed at improving Zambia’s economic landscape.

Achievements and Impact

Since his appointment, Jito Kayumba has been credited with:

  • Advocating for policies that enhance private sector participation in the economy.
  • Supporting initiatives aimed at economic diversification, particularly in agriculture and renewable energy.
  • Facilitating partnerships between local enterprises and international investors to boost Zambia’s economic competitiveness.
  • His efforts align with President Hichilema’s vision of economic transformation and job creation.

Personal Life

Jito Kayumba is known for his passion for youth empowerment and entrepreneurship. He frequently engages in mentorship programmes, sharing his expertise with young professionals and aspiring entrepreneurs in Zambia.

See Also

References