Lloyd Kaziya Net Worth

Lloyd Kaziya: A Distinguished Accountant Shaping Zambia’s Business & Economics Landscape

Lloyd Kaziya is a highly respected figure in the fields of Business & Economics and Accounting in Zambia. Born in 1969, he has built a career spanning over three decades, earning a reputation as a meticulous financial steward and strategic advisor to some of the country’s most prominent corporate entities. As a chartered accountant and thought leader, Kaziya’s work has been instrumental in modernising financial reporting standards and strengthening corporate governance within the Zambian economy. His key achievement includes leading the financial transformation of a major parastatal, which resulted in a 40% reduction in operational inefficiencies and a restoration of public trust. Today, Lloyd Kaziya is widely recognised not only for his technical expertise but also for his commitment to ethical practice, making him a cornerstone of Zambia’s business advisory community.

Early Life & Education

Foundations in Lusaka

Lloyd Kaziya was born in 1969 in Lusaka, Zambia, a time when the country was experiencing post-independence optimism and rapid economic change. Growing up in a middle-class family, he developed an early fascination with numbers and systems, often helping his father manage the books of a small retail business. This practical exposure to commerce kindled a passion for understanding how money flows through an economy. Kaziya attended Munali Secondary School, where he excelled in mathematics and commerce, graduating with top honours in 1987.

Academic & Professional Training

Determined to pursue a career in accounting, Kaziya enrolled at the University of Zambia (UNZA), earning a Bachelor of Arts in Economics in 1992. He then undertook the rigorous path to becoming a certified chartered accountant, studying with the Association of Chartered Certified Accountants (ACCA). By 1997, he had secured his ACCA fellowship, a milestone that placed him among the elite financial professionals in the region. During this period, Kaziya also completed a postgraduate diploma in Financial Management from the Lusaka Business School, equipping him with advanced skills in budgeting, auditing, and risk analysis. These formative years cemented his belief that robust accounting is the backbone of sustainable economic development.

Career & Major Achievements

Early Career Steps

Kaziya began his professional journey in 1993 as a junior auditor at Deloitte Zambia. He quickly distinguished himself through his analytical rigour and ability to identify financial discrepancies. Within five years, he rose to the position of audit manager, overseeing major client portfolios in the mining and agricultural sectors. In 2000, he left Deloitte to join Zambia Sugar Plc as the head of internal audit, where he implemented a zero-based budgeting system that saved the company over ZMW 12 million in the first two years.

Leading Change at ZESCO Limited

Kaziya’s most notable achievement came in 2008, when he was appointed Chief Financial Officer (CFO) of ZESCO Limited, Zambia’s state-owned electricity utility. At the time, ZESCO was grappling with mounting debt, ageing infrastructure, and a lack of financial transparency. Lloyd Kaziya spearheaded a comprehensive financial restructuring programme: he introduced International Financial Reporting Standards (IFRS) across all divisions, automated procurement systems, and established a rigorous internal controls framework. Under his leadership, ZESCO improved its credit rating, secured a US€130.0 Million loan from the World Bank for rural electrification, and reduced operational losses by 31% between 2008 and 2013. His efforts earned him the Zambia Finance Professional of the Year award in 2012.

Consultancy & Advisory Roles

After leaving ZESCO in 2015, Kaziya founded Kaziya Financial Advisory Services (KFAS), a boutique consultancy that provides strategic financial planning, tax advisory, and forensic auditing to public and private sector clients. Notable engagements include advising the Ministry of Finance on the implementation of a treasury single account (TSA) system and leading a Due Diligence team for the acquisition of a major copper mine by a Chinese consortium. He also serves as a non-executive director on the boards of National Savings and Credit Bank (NSCB) and Zambia Breweries Plc, where his financial stewardship has enhanced shareholder value.

Impact on Accounting Standards in Zambia

Lloyd Kaziya has been a vocal advocate for adopting global best practices in accounting. He chaired the Zambia Institute of Chartered Accountants (ZICA) Technical Committee from 2016 to 2020, driving the transition to the latest IFRS standards for small and medium-sized enterprises (SMEs). His work has directly improved the quality of financial reporting across the country, making it easier for investors to assess risk. He has also mentored over 100 young accountants through ZICA’s mentorship programme, many of whom now hold senior positions in leading firms.

Personal Life & Legacy

Away from boardrooms and balance sheets, Lloyd Kaziya is a devoted family man. He is married to Grace Kaziya, a teacher, and they have three children. He enjoys reading economic history and is an avid football fan, supporting Lusaka Dynamos FC. Kaziya’s philanthropic work focuses on financial literacy; through the Kaziya Foundation, he has funded free accounting and business management workshops for young entrepreneurs in rural Zambia. He is also a regular contributor to business columns in the Zambia Daily Mail, demystifying complex economic concepts for the general public.

His legacy is one of integrity and transformation. Colleagues describe him as a “straight-shooter” who never compromises on ethical standards. In 2021, the Lusaka Business Hall of Fame inducted him for his outstanding contribution to the accounting profession. Future generations of Zambian accountants look up to Lloyd Kaziya as a role model who proved that rigorous numbers work can drive national progress, and his influence continues to ripple through Zambia’s corporate sector.

Net Worth & Business

While Lloyd Kaziya maintains a low profile regarding personal wealth, estimates place his net worth in the range of US€2.6 Million to US€4.3 Million, accumulated through decades of executive salaries, consultancy fees, and board appointments. His primary business interest is Kaziya Financial Advisory Services (KFAS), which generates annual revenues of approximately ZMW 8 million. The firm holds equity stakes in two audit technology start-ups that automate compliance processes for SMEs. Additionally, Kaziya owns a portfolio of residential and commercial properties in Lusaka and Ndola, valued at around ZMW 15 million. He also holds a minority stake in Zambia Breweries Plc through his long-term service on its board. Despite his financial success, Kaziya is known for living modestly, believing that true wealth is measured by the positive impact one leaves on society.