MTN Strengthens Leadership with Lwazi Bam Appointment as Chief Risk Officer
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.
MTN Group has announced the appointment of Lwazi Bam as Group Chief Risk Officer (GCRO) responsible for leading MTN’s enterprise-wide risk management and compliance functions across the group. In this role, Bam will be a member of the Group’s Executive Committee.
The appointment is effective 1 June 2026 and is part of leadership changes to strengthen the execution and delivery of the Group’s strategy to capture value from the 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.
“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.”
– Ralph Mupita, President and CEO, MTN Group
During his time at Deloitte, Bam led complex, multi-jurisdictional operations in highly regulated environments and strengthened risk, governance and capital discipline frameworks across the franchise.
In addition to his executive leadership experience, Bam has served on the boards of major institutions, contributing his expertise in governance, risk oversight and board-level stewardship. He 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.
“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.”
– Lwazi Bam, Group Chief Risk Officer (GCRO), MTN Group
In November 2025, changes to the Exco included GCRO Ferdi Moolman’s appointment as CEO of MTN South Africa.
