AN agreement which will give prominence to risk management practices in Zambia has been signed between the Institute of Risk Management Zambia (IRMZA) and the Swiss Institute of Management and Innovation (SIMI).

The core focus for the MoU is for IRMZA to offer globally and fully accredited certification programmes to risk management practitioners in Zambia.

The MoU establishes the terms and understanding between IRMZA and SIMI to facilitate collaborative activities that are mutually beneficial for IRMZA members and the risk management fraternity in Zambia.

In particular, the memorandum is primarily designed to drive forward four key areas of collaboration such as knowledge sharing, training and capacity development and supporting and developing joint international activities, among others.

Commenting on the MoU, IRMZA Executive Director, Francis Ziba, said enterprise risk management provided a robust, strategic road map to empower organisations to achieve this.

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At IRMZA, Mr Ziba said, it was its mission to propagate the knowledge and ensure that Zambia could combat similar challenges successfully, going forward.

He said that as efforts were being made to rebuild the economy over a year after the pandemic struck, it was critical for the Zambian industry to retrospect and incorporate learnings from 2020, to secure businesses against future crises.

“As Zambia’s preferred professional body for Risk Management qualifications, we hope to make an impact at the grass-root levels.

“This partnership with SIMI will go a long way towards bolstering our efforts to build a greater understanding of Enterprise Risk Management in Zambia, and to educate industry leaders and students about the business value of managing risk in a holistic way,” he said.

The primary objective for SIMI is to be a world leader in providing high-quality, fully accredited, and globally recognised academic and executive programmes to an international clientele.

SIMI Dean of Banking & Finance Faculty, Christopher Goh, said his organisation was pleased to be working with IRMZA.

Dr Goh said this strategic partnership was a key milestone for SIMI in developing risk professionals in Zambia and the region.

“The ever-growing demand for risk management training in region will mean that this partnership will always give prominence to risk management practices in Zambia and ensure that it create value for all risk management practioners,” he said.

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