Earnest & Young partner, Fungai Kuipa has been elected the new Institute of Chartered Accountants of Zimbabwe (ICAZ) president. He replaced Deloitte partner Tapiwa Chizana whose term expired.
Said Kuipa in his acceptance speech:
It is my honour and great pleasure to take up the mantle as the new president of this just-over-a-century old institution.
We have almost become comfortable with living in uncertain conditions, one might even say volcanic and a number of wild beasts roam freely in our country; beasts like corruption, low foreign direct investment, currency shortages, fuel and incessant power cuts, key accounting and auditing issues.
There is a school of thought that, as an Institute, we came to the functional currency party a bit too late, more like the invited guests instead of the hosts.
Kuipa was elected president at the ICAZ annual general meeting in Sun City, South Africa.
More: Business Times