Board of Directors

DOUGLAS HOTO

Board Chairman
Mr. Hoto is an accomplished business leader and currently holds the reins at First Mutual Holdings Limited as Group Chief Executive Officer. He holds a Bachelor of Science Honours Degree in Mathematics (UZ) and is a qualified Actuary with more than 23 years’ experience. He is a Fellow of the Institute and Faculty of Actuaries of the United Kingdom 1999 (FIFA), and is also a Fellow of the Actuarial Society of South Africa (FASSA).

In addition to his many directorships, Mr. Hoto is involved in community transformation initiatives focusing on education. He works closely with national development organizations and is the past Chairman for Zimbabwe National Statistics Agency (ZIMSTAT).

He serves on a number of boards and is a past Chairman of the Actuarial Society of Zimbabwe, and also a past Chairman and finance committee Chairman of the Insurance and Pensions Commission (IPEC).

Mr. Hoto has recently been appointed as Chairman of Council at the University of Zimbabwe and is a member of several UZ Committees.

TENDAI MADZIWANYIKA

Chief Executive
Mr. Madziwanyika has been Chief Executive of the Company since November 2012. Prior to this, he held senior positions in the FMCG and hospitality industries including being the Managing Director of a listed hospitality group in Zimbabwe. He is a past President of the Zimbabwe Council for Tourism. He holds a Bachelor of Accounting Science (B Compt.) from the University of South Africa and a Master of Business Administration (with distinction) from Hull University (United Kingdom).

Andrew N. Bvumbe

Non-Executive Director
Mr. Bvumbe is a self-motivated economist with a wealth of experience in public policy at both domestic and international levels. He is the Permanent Secretary (Non-Accounting) – Head – Public Debt Management Office in the Ministry of Finance and Economic Development. He has previously served in various capacities in the World Bank Group including as Executive Director, Africa Group as well as in the African Development Bank. A career public servant, Mr. Bvumbe is a pragmatic problem solver with strong networking and organisational effectiveness skills as well as a depth of economic development issues, including central banking, macroeconomics, international finance and economic transformation. Mr Bvumbe holds a Bachelor of Science in Economics and a Master of Science in Economics degrees both from the University of Zimbabwe.

MR. K. CHIBOTA

Non-Executive Director
A Chartered Accountant by profession, Mr. Chibota worked for Philips International in the Netherlands and in Zimbabwe for 22 years and as a Philips Distributor with Destiny Electronics for 12 years. He rose in Philips to be the Finance Director. In 1998, he was elevated to the position of Chief Executive Officer of Philips Zimbabwe and from 2004 of Destiny Electronics unti 2015. He was then offered a Philips Distributorship in Healthcare for Zimbabwe and Malawi which he manages under Horizon Health Services as the owner and Chief Executive Officer. Over the years, Mr. Chibota participated as a board member in several public and private companies.

Dr. Langton Mabhanga

Non-Executive Director
Dr. L. Mabhanga is an electrical engineer by profession with a passion for business strategy, corporate governance and business and economic intelligence. He is a holder of a Master’s degree in Business and Economic Intelligence and a PhD in Business Administration, majoring in Strategy and Competitiveness. An accomplished business leader and strategy expert, he sits on the Board of Trustees of The Zimbabwe YMCA. He has led and represented the country on a number of trade missions in Turkey, Algiers, and Botswana, and he is the past president of the National Business Council of Zimbabwe. Dr. L. Mabhanga is also a dedicated community leader. He sponsors three awards at his alma mater and was the Kadoma City Councillor from 2013 to 2018

CYNTHIA D. MALABA

Non-Executive Director

Mrs. Malaba is currently running a Financial Services consulting business. She is a director in a listed Mining entity, a Financial Services and Micro lending company as well as chairs a Development and Cultural Trust. Mrs Malaba has previously worked in a listed blue-chip company as Supply Chain Director and General Manager – Operations. Previously, she was the Head of Internal Audit and Risk for the same company as well as the Vice President of the Institute of Internal Auditors. Mrs Malaba is a Chartered Accountant registered with both the Zimbabwe Institute and the South Africa Institute. Mrs Malaba holds a Bachelor of Accountancy Degree from the University of Zimbabwe, a Bachelor of Commerce and Accounting and post graduate diploma in Auditing from the University of South Africa. Cynthia has had an opportunity to visit and work in regional and global markets.

MR. A. J. MANASE

Non-Executive Director
Mr. Manase is a Legal Practitioner with over 30 years of experience. Mr. Manase has a wealth of expertise in corporate governance. He is the General Manager of the National Social Security Authority. Mr. Manase has previously served on the Reserve Bank of Zimbabwe Board and the Estate Agents Council. He was previously appointed to represent Zimbabwe on the Permanent Court of Arbitration at the Hague. He is a Certified Arbitrator as well as a Certified Compliance Professional.

DOUGLAS MAVHEMBU

Non-Executive Director
Mr. Mavhembu is the Deputy Director- International Tourism Directorate in the Ministry of Tourism and Hospitality Industry. He has worked in various senior capacities within the Ministry of Tourism and Hospitality Industry including being the Acting Director (Tourism) and Acting Under Secretary (Tourism). Mr Mavhembu was the Co-Chairperson for the Zimbabwe/Zambia Joint Technical Committee on the UNWTO General Assembly held in Victoria Falls. He holds a Master of Science degree in Tourism and Hospitality Management from the University of Zimbabwe, a Bachelor of Business Administration in Tourism Management from Azaliah University and various certificates in Tourism and Hospitality Management as well as Certificate in Education (ZFETC). He is also a member of the renowned Professional Tourism Institutes.

NAPOLEON MTUKWA

Finance Director
Mr. Mtukwa is the Finance Director. He is a fellow of the Association of Certified Chartered Accountants (ACCA). He is also a member of the Institute of Chartered Accountants England & Wales (ICAEW). Mr Mtukwa has previously held accounting positions at Unilever Zimbabwe and Mobil Oil. He holds an Honours Degree in applied accounting and a Master of Business Administration Degree from the University of Zimbabwe. He has vast experience at senior management level including years of serving in the position of Group Finance Manager and Group Management Accountant for Rainbow Tourism Group.

Givemore Taputaira

Non-Executive Director
Mr. Taputaira is a professional and business leader, with over 19 years experience in ICT and Business development projects. He has worked for various companies including a listed hospitality company as Project Manager, ICT Director, Projects Director and Development Director. In his different roles, Givemore has worked on various projects, in the country and across Africa and worked with various regional and international partnerships and brands to deliver value. He holds a Bachelor of Science General degree and a Masters’ in Business Administration degree from the University of Zimbabwe. He is currently the co-founder and Managing Director at Digital Edge Solutions.