FULL TEXT: President Mnangagwa Appoints ZIDA CEO

President Emmerson Mnangagwa on Tuesday 24 March 2020 appointed Mr Douglas Tawanda Munatsi as the Chief Executive Officer (CEO) of Zimbabwe Investment and Development Agency (ZIDA).

The development follows Mnangagwa’s signing of the ZIDA Act in February this year. The Act states that ZIDA will be responsible for promoting and facilitating both local and foreign investment opportunities in Zimbabwe.

It also stipulates that the Agency’s major focus will be accelerating institutional and regulatory reforms as well as inculcating a mind-set change towards the creation of the much-needed conducive investment environment.

ZIDA is premised at transforming Zimbabwe into a dynamic national hub for local and global business, investment and innovation.

We present below the statement announcing Munatsi’s appointment.

The Chief Secretary to the President and Cabinet is pleased to announce that His Excellency the President has, in terms of Section 9 (1) of the Zimbabwe Investment and Development Agency (ZIDA) Act appointed Mr Douglas Tawanda Munatsi as Chief Executive Officer (CEO) of Zimbabwe Investment and Development Agency (ZIDA).

Mr Munatsi is a holder of Master of Business Administration (Finance) Degree from the American University, Washington DC, Bachelor of Business Studies Degree from the University of Zimbabwe, Advanced Management Programme from Harvard Business School and is an Associate of the Bankers Association of Zimbabwe. He is co-Founder and Partner of BDF Capital Partners Limited. He also founded Heritage and prior to that he was an Executive with the International Finance Corporation (IFC), an arm of the World Bank. He has vast experience in the banking sector as a Chief Executive Officer, Managing Director and Investment Officer.

The appointment of Mr Munatsi is with effect from 1″ April 2020.

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