Hastings Mtine Board Chairman

Hastings Mtine Board Chairman

Hastings Mtine Biography

Qualifications

Academic

Date Attended

Qualification obtained

College/University

 

 

Emile Woolfe College of Accountancy (London)

1982 - 1984

Professional Qualification (ACCA)

University of Zambia

2000 - 2004

LLB Merit


Professional Body

Date Attained

Qualification obtained

Association of Certified Chartered Accountants (ACCA)

     1984

Chartered Accountant

Association of Certified Chartered Accountants (ACCA)

     1989

Fellow of ACCA (FCCA)

Zambia Institute of Chartered Accountants (ZICA)

     1985

Chartered Accountant (AZICA)

Zambia Institute of Chartered Accountants (ZICA)

     1991

Fellow of ZICA (FZICA)


Experience

Partnership

Entity

Position

Period

KPMG

Partner to Managing Partner

1990 - 1996

KPMG

Senior Partner

1996 - 2011

MPH Chartered Accountants

Managing Partner

2011 – to date

Briefly

Hastings qualified in 1984 and became a Fellow in 1990. He also holds an LLB (Credit) from the University of Zambia which he obtained in 2004. He has many years of experience in the accounting profession; 8 of which were with Coopers and Lybrand; 27 with KPMG; whilst the last 7 years have been with the newly formed partnership of MPH Chartered Accountants whose focus is service to the SME sector.

Board exposure

  • Chairing monthly and other Partnership meetings
  • Attended Quarterly meetings mostly held in SA (Chair of meetings) presenting Zambia’s Report and participating in deliberations
  • Chairing monthly and other Partnership meetings
  • Elected to chair the new board
  • Elected Chairman upon appointment
  • To give advice to Audit Committee


Hastings has gained broad experience as outlined above. His specialty in relation to external boards is financial expertise; audit and risk; and corporate governance. In this regard-corporate governance- he provides support to the Secretarial office of all external boards that he sits on. In relation to internal boards, Hastings provided leadership to KPMG during his tenure such that it is up to now a well recognised firm in the market place.

Local Professional involvement

Hastings is an active member of the institute the Zambia Institute of Chartered Accountants (ZICA). He has served as chairman of the Disciplinary committee. He is a regular contributor to ZICA in respect of major statutory legislative developments affecting the profession. He participates in training and workshops either as an attendee or service provider. He is chairman of the Advocacy Committee of ACCA Zambia, chairman of the local SME committee and has sat on ACCA’s Global SME forum since 2013 to date.

Additional courses

Completed an Investment Advisors and Stockbrokers course and awarded certificate in Jul 2017.

Current interests

His current interest is empowering SME’s hence the formation of MPH Chartered Accountants with a special focus on service to SMEs. In this regard, he has built up an extensive network in the government and public sector aimed at promoting SME interests. He has a passion for promoting accountability and recognition of the importance of SMEs in the development of emerging economies.

Association with Lusaka Stock Exchange (LuSE)

He is a registered with LuSE as a business advisor for the LuSE Alternative market,  known as LuSE Alt M, which focuses on SMEs.

Achievements

Awarded The Lifetime Achievement Award for 2014 certificate in recognition of his significant contribution to the development of the Accountancy profession in Zambia by the Zambia Institute of Chartered Accountants (ZICA) and the Institute of Directors (IoD).

Awarded ZICA Presidents Award 2017 certificate for contribution to the development of the Accountancy profession in Zambia.

Training Exposure

Firm experience

As Senior Partner Hastings was responsible for Ethics training based on internal manual Codes and IFAC code. This was done annually as per requirement of the firm policy and each staff member was required to sign off that they had completed the required number of hours training required. For this purpose Hastings is an accredited trainer. He has over 20 years’ experience in this regard.

Professional experience

Hastings is called upon by ZICA from time to time to provide lectures to post graduate students on Ethics based on IFAC regulations and codes. He has over 15 years in this respect.

Formal experience

Hastings currently provides lectures/training to the following institutions:

Zambia College of Pensions and Insurance Trust (ZCIPT)

Lectures on the students taking the course termed Investment Advisors and Stockbrokers course which covers the topics:

  • Financial Analysis- Reporting
  • The Objective is:
  • To ascertain the legal requirements per local company law for disclosure and reporting in financial statements
  •  To ascertain current best global reporting practice
  • To review the development of Integrated Reporting and its requirements
  • To review current local reporting practice using listed company examples
  • To summarise the purpose of reporting and disclosure requirements
  • To create a check list of what to look out for in the contents and disclosures of Fins
  • Financial Analysis-Interpretation of Financial statements
  • The Objective is:
  • How to interpret the information contained in Financial Statements contained within an Annual report specifically focussing on:
  • Highlights report
  • Auditors Report
  • Statement of Comprehensive Income (Profit and Loss account)
  • Statement of Changes in Equity
  • Statement of Financial Position (Balance Sheet)
  • Statement of Cashflows
  • Accounting policies
  • Notes to the accounts

This is examined based on exams prepared by Hastings and marked by him. He has been doing this for the last 2 years.            

St Dominic’s College

Hastings runs a course for students training to become priests in their final year called Finance for Parish Administrators the Course objective is to assist graduates understand the financial framework in a Parish and to equip them with the necessary knowledge and skills intended to help them run finances within a Parish.

Topics covered are:

  • Understanding the General Accounting framework 
  • General Book keeping concepts
  • The framework of Finance in Parish Administration
  • The Accounting office Structure
  • Basic Books of Account in a Parish
  • Understanding Budget Concepts
  • Financial reports prepared in a Parish
  • The Treasurers Role in a Parish
  • The essentials of financial discipline in a Parish
  • How to control costs
  • Application of Corporate Governance principles in a Parish
  • Ethical considerations for a Parish
  • Causes of Financial failure in a Parish
  • How to run finances successfully in a Parish
  • Soft skills to be applied in running finances

The course is run over a 3 month period and exams are set and marked by Hastings.

Please note that the courses were set by Hastings and approved by the respective institutions.

Contact Details:

Hastings Mtine

Office:  4344A Kumoyo Road

Longacres

P.O. Box 31014

Lusaka, Zambia

E: hastingsmtine@mphzm.co.zm

       hastingsmtine@yahoo.com

Mobile:  +260 978 770 795/0967 770795/0955 770795