
The Scholarship
The Scholars
M'khuzo Mwachande
Zambia & University of Cape Town, 2023
M’khuzo Mwachande is a seasoned Investment Banker with a focus on Sub-Saharan Africa. Following his time in residence as a Mandela Rhodes Scholar, he rejoined Pangaea Securities an investment banking firm as a Senior Associate—having previously risen from Analyst to Associate in under a year, a rare trajectory in the field, and a testament to his deal-making ability and reputation for execution excellence.
He has led numerous high-yield bond transactions across frontier markets, building a unique credit and structuring skill set along with a strong track record of deal execution. Among his notable transactions is a landmark deal on the Lusaka Securities Exchange, where he restructured a $15m corporate bond and raised $8.7m through a rights issue. The deal, which spanned over two years, involved complex regulatory navigation, pricing renegotiations, and multi-stakeholder alignment across local and international parties.
M’khuzo’s deep understanding of emerging market dynamics—ranging from pension fund mobilisation challenges to a $200bn infrastructure deficit and a $2.1tn SME financing gap—has made him a thought leader featured in African Business Magazine. His writing explores macroeconomic shifts, capital markets, and the strategic role of private capital in development.
He combines strong technical skills with the rare ability to build enduring client relationships, positioning him for long-term success in both M&A and capital markets. This well-rounded perspective is grounded in his academic foundation: a completed Master of Commerce in Development Finance from the University of Cape Town’s Graduate School of Business, and a BA in Economics and Finance. He is also a Chartered Accountant (CIMA, UK) and a licensed Investment Adviser.

