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Bonface Ndawala


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Associate (Silver)
Tomorrow's Leader Nominee 2013
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Bonface Ndawala

Nickname: 'The Pan African Executive'

World Class Finance Executive!!

Born in Blantyre Malawi

Executive Summary
To leverage 11+ years of executive level experience and network to drive change in either an executive position (as lead or as part of a committed, motivated team with professional shareholders) or as a board member.


15 years’ experience in wireless covering start-up, mature, and turn-around situations as well as audit and automobile industries
Strong leader, team-builder and team-player
Results driven and effectiveness minded
Innovative with emphasis on execution
Excellent track-record


Change Management, General Management from Start-up to Turn-around, Strategy, Customer Orientation, Innovation, Credit Management

I am a Fellow of the Chartered Association of Certified Accountants - FCCA and a Certified Public Accountant CPA who has worked 9 different African countries in different capacities over the past fifteen years.

Contact details

O: +2348055578553

M: +27847773258

Business Address

Sandton, Sandton, South Africa

Professional details

Current Position(s)

Group Financial Control Executive | Group Finance | Globacom
Lagos, Nigeria | March 2012 - present

ICT and Telecommunications

Monthly Frinancial Reporting for the Group
Review and Reengineering the operating processes and procedures across the group
Responsible for the Group Credit Control Management
Consolidation and Interpretation of Regional financials
Timely advice to Group EXCO on cost cutting initiatives
Management of Group and overseeing Opco Budgets
Responsible for Group Commercial Finance
Forecasts and Group five year business plan ownership
Group Pricing and Product Profitability Analysis
Preparation of Group monthly review Presentations for EXCO
Preparation of the Executive Management Board review Presentations
Capital Expenditure Analysis and ROI Analysis
Re-enforce Internal Control Environment in all the opcos in the Group
Benchmarking & Comparatives amongst opcos to arrive at best practice
Analysis of Profitability by Tariff

Previous Position(s)

Chairman of the Board of Directors | Board | MALSWITCH
Blantyre, Malawi | April 2010 - July 2012

Accounting, Banking and Finance

Corporate Strategy
Pursuit of the Mission and goals of Malswitch
Corporate Governance
Controlling and Guiding
Reporting to Shareholders
Appointment of executive personnel
Appointment of Corporate Auditors
Setting and Review of Corporate Targets
Stakeholder Management
Advising shareholders on strategic issues
Dertermination of corporate direction

Executive Head - Financial Control & Credit Operations | Finance | Cell C
Johannesburg, South Africa | 2009 - 2012

ICT and Telecommunications

Responsible for Revenue Assurance
Responsible for Cost Control
Responsible for Credit Control
Responsible for Budgetary control
Responsible for Corporate financial reports
Responsible for the management of the finance board
Responsible management of financial controllers and departmental controllers
Responsible for departmental reporting
Responsible for identification and implementation of corrective actions on negative variances
Own the control environment in the company
Responsible for the direction of the control environment in the company
Responsible for the execution of cost initiatives to ensure attainment of the corporate cost and EBITDA targets.
Responsible for Credit Control
Responsible for Credit Vetting
Responsible for Quality Assurance of the customer base being acquired at Cell C
Responsible for ensuring a good balance is struck between ensuring credit business rules aint too strict to attract new customers but ensuring they also dont cause bad debt

Regional Head of Accounting and Systems- Zain - West Africa | Group Finance | Zain Africa
Accra, Ghana | 2008 - 2009

ICT and Telecommunications

Responsible for accounting and systems in Zain Ghana and Sierra Leone.
Implemetion of Oracle Financials
Asset Tagging and Verification Exercise
Intergration of stand alone systems and automation enhancement
Owned the control enevironment in the region
Responsible for Budgeting and Forecasting
Responsible for setting up accounting procedures and aligning them with group processes
Revamping the accounting functions so as to to give them their proper place in the set up
Assisting in reporting and variance analysis
Preparation of five year business plans

Regional Financial Controller - East Africa | Group Finance | Zain
Nairobi, Kenya | 2007 - 2008

ICT and Telecommunications

Responsible for Kenya, Tanzania, Uganda, Madagascar.
Review Monthly Opco Performance and identify key areas of focus
Coordinate and assist in Implementation of Regional initiatives
Coordinate regional financing needs and allocating resources accordingly
Advise Group CFO on the best course of action in each Opco
Consolidation and Interpretation of Regional monthly financials
Timely advice to COO and Group CFO on cost cutting measures
Regional CAPEX control and ensuring budgeted for
Regional Policy formulation and follow up
Providing Support to Chief Operating Officer
Budget Reviews for the region for onward submission to Group CFO
Reforecast reviews for the region for onward submission to Group CFO
Review of the Monthly Reporting Pack for the Opcos in the region
Preparation of Regional Chief Operating Officer’s monthly review Presentations
Preparation of the Africa Leadership Team monthly review Presentations
Preparation of the Executive Management Board monthly review Presentations
Capital Expenditure opco Submission reviews and onward submission to Group CFO
Reenforce Internal Control Environment in all the opcos in the region
Staff Development Initiatives for opco staff and staff deployments from one opco to another.
Benchmarking & Comparatives amongst opcos to arrive at best practices
Transfer of Best acceptable Practice
Quarterly Analysis of Profitability by Tariff
Produce Visit Reports after each opco visit to ensure continued improvement in the systems and procedures

Financial Controller | Finance | Zain Madagascar
Antananarivo, Madagascar | 2006 - 2007

ICT and Telecommunications

Running the Finance department with the help of FC designate in the absence of the FD for three months
Responsible for the budget preparation and handled budget reviews
Responsible for MRP reporting process and monthly reviews in the absence of the FD.
Interaction with Head Office and the East African team on all issues affecting the business and producing reports for the same.
Setting up and implementation of the control Environment in the Procurement System IPOS
Setting Up and Implementation of the Inventory Control System and Training the users
Training the Financial Controller designate and the reporting officer in the Hyperion Reporting System
Uploading and setting up budgetary control by integrating the procurement system, IPOS, to the accounting system so that commitments are checked to be within budget prior to being placed and thus enhancing cost control
Introducing and implementing Daily, Weekly and Monthly management Control reports and automating them
Drafting and establishing written procedures for the different processes and enforcing them to ensure compliance
Setting up the fixed asset register in the accounting system and ensuring that it tallies with the technical register operated by the Operations department
Training Users of the various systems and selecting and empowering a champion for easy for purposes of succession
Planning and executing the quarterly audits and implementing the recommendation immediately.
Management of the Accounting System, Sun, the Inventory Control System, SUN IC, the procurement system, IPOS, and the Reporting System Hyperion

Financial Controller | Finance | Zain Africa (Celtel International B.V.)
Blantyre, Malawi | 2001 - 2006

ICT and Telecommunications

Day to day running of the finance department
Responsible for the management of the post paid billing system
Budget and Forecast Preparation and Management
Setting up effective internal controls in the company
Checking and authorising all payments before they are made
Responsible for the yearend audit
Timely production of an audit files after the production of monthly accounts.
Advising management on taxation issues. Tax planning and negotiating for favourable tax terms including exemption applications and follow up until the granting of duty free status.
Maintenance of a clear and realistic cash flow for the company.
Responsible for the management and operations of Sun Accounting systems and Hyperion reporting Package.

Acting Finance Director

Preparation of board papers
Cash flow planning
Implementation of the business plan
Execution of the finance strategy
Handling audit issues
Resolving high level interconnection disputes with other operators
Budget preparation and planning board submissions
Management of big suppliers and stakeholders
Cost and budgetary control
Payroll maintenance
Board meeting preparation and attendance

Projects Manager Active Retail

Involved in the drawing up of the original process linking the Point of Sale System to the Billing System, Account System and Inventory Control
Took a lead in testing the proposed system before implementation
Took a lead in the actual implementation of the system and training of staff
Also took a lead in the review of the system after implementation as Malawi were a pilot for this project which has since been rolled out to all the other 13 operations within the group
Active Retail has been in operation close to 2 years in Malawi

April 2005 Project Manager Internet Procurement Ordering System IPOS

Took a lead in designing the system flow chart showing all the process from requisition of an order to the payment of an invoice and took a leading role in designing the approval Matrix
Took al leading role in testing the integration between IPOS and accounting system, SUN
Took a leading role in implementing IPOS and training the staff.
Reviewing the system to see where improvements can be made

Management Accountant | Finance | Automotive Products Limited
Blantyre, Malawi | 2000 - 2001

Manufacturing and Industrial

Preparation of monthly management accounts
Preparation of annual budgets in liaison with the chief accountant
Review and improvement of the company’s internal controls to ensure the security of the company’s assets and supervising accounts staff in their day to day work
Conducting investigations where actual figures are contrary to management expectations at any time and recommending solutions instantly to eliminate the possibility of a recurrence
Preparation of audit schedules in readiness for external auditors and being in charge for the audit.
Responsible for monitoring important Expenditure items like motor vehicle Repairs fuel and telephones and responsible for the control of overheads to ensure that they are within budget
Reporting and adhoc audits

Audit Senior | Audit | Deloitte & Touche
Blantyre, Malawi | 1997 - 2000

Accounting, Banking and Finance

Audit of all sections
Verification of the completeness, accuracy
Validity of all account balances
Preparation of financial statements for Clients
Assisting clients in the preparation of Annual budgets
Reviewing clients’ internal controls and making recommendations on improvements
Designing audit programmes for small and special clients
Drafting and presentation of clients’ management letters
Visiting branches and agencies to get an assurance that they are following the guidelines as prescribed by the head office and banking guidelines
Carrying out investigations where there is suspected fraud in a client organisation
Supervising assistants to ensure the efficient, timely and professional completion of an audit

Educational history


Kamuzu Academy, Lilongwe, Malawi (1994)
Kamuzu Academy, Lilongwe, Malawi (1992)


Malawi Accountants Board

2003 - present

Certified Public Accountant - CPA

Chartered Association of Certified Accountants - ACCA

1999 - present

Fellow of the Chartered Association of Certified Accountants- FCCA

Charterred Association of Certified Accountants - ACCA

1994 - 1999

FCCA & CPA - Finance, Accounting

University of Cambridge

1988 - 1994

O & A levels - Economics & Maths



Deloitte Millenium Awards | 1999

For exceptional performance in the 1999 June ACCA Examinations



ACCA South Africa

Member, December 2009 - present

Active Member

Malawi Accountants Board

Certified Public Accountant CPA, June 2002 - present

Active Member

Chartered Association of Certified Accountants

Fellow of the Association FCCA, June 1999 - present

Active Member FCCA

Society of Accountants in Malawi

Member, June 1999 - present

Active Member of the Association

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