Board of Directors

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BOARD CHAIRMAN
MR HAPPYMORE MAPARA

Mr Mapara was the Group Chief Executive of a Zimbabwe Exchange listed company, AICO Africa Limited until 30th November 2009 when he resigned. Prior to this appointment, Mr Mapara was the Managing Director of The Cotton Company of Zimbabwe Limited between 1995 and 2005 and later assumed the Group Chief Executive of the same company between 2005 and 2008. He chaired Seedco, Scottco (Private) Limited, Exhort Enterprises, Cotpro Limited and was deputy chairman of Olivine Holdings Limited. AICO Africa Ltd had a market cap of +_ USD250 million on the ZSE when he left. As Chairman of Cotton Ginners Association, Mr Mapara worked tirelessly with industry stakeholders to sustain the production of cotton during a period when most other crops suffered downward production trends. This resulted in the gazetting of Statutory Instrument 142 of 2009 which prohibits side-marketing by farmers while assuring them of a market through contract farming. He sat on the PSAP (Private Sector Advisory Panel) Committee of the ICAC (International Cotton Advisory Committee) for 5 years. It proffers advice to governments and stakeholders on cotton issues. ICAC has a membership of 60 countries worldwide.
As a transformational leader, he oversaw the re-organisation of the group which resulted in the formation and listing of AICO Africa Ltd as the holding company.
He is a Fellow member of the Institute of Chartered Secretaries (FCIS) and is an Alumni of the London Business School. He has training and experience in internal audit.

He was 1st runner-up Director of the year in 2008 – Awarded by the Institute of Directors (Zimbabwe) and was also the Vice President of  Confederation of Zimbabwe Industries (CZI) from 2008 to 2009.

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DEPUTY BOARD CHAIRMAN
MR FARAI MASENDU

Mr Farai Masendu has spent more than 10 years at the Reserve Bank of Zimbabwe and has gained vast financial, trade and investment experience, rising through the structures from Analyst in the Foreign Investment Department (Exchange Control) to his current position as Director of Exchange Control.

Mr Farai Masendu holds a Masters degree in Finance and Investments (NUST), Masters in Business Administration, Masters in Economics, Bachelors Degree in Economics (UZ), Diploma in Project Management, and is an Associate Member with the Institute of Bankers of Zimbabwe (IOBZ). He is also an Accredited Fellow with the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) in the area of Analysis and Monitoring of Private Capital Flows. He is currently studying towards attainment of a Ph.D in Economics.

Currently, Mr Masendu sits on the Board of the Export Credit Guarantee Corporation (ECGC). He has been involved in the publication of various academic material which include “Gains from natural resource Based FDI in the MEFMI region – look at the Natural Resource Curse” (2014) and the Impact of the Global Financial Crises in the MEFMI Region (2012).

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NON-EXECUTIVE DIRECTOR
DR MAXWELL MUTEMA

Dr Mutema is a property (real estate) and construction management expert. He is passionate about property development and investment.

He holds several qualifications in real estate, land management and construction management from top international institutions. He is a Fellow of the Zimbabwe Institution of Engineers (FZweIE) and is a professional member of several key professional bodies, both local and international, that have to do with real estate/property, land management, construction management, rural and urban planning.

He is a qualified chartered surveyor.

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DR WILLIAM KAVILADr Kavila is a Deputy Director in the Economic Research Division of the Reserve Bank of Zimbabwe, responsible for Policy Research, Modelling and Publications. He joined the Central Bank in 1989 as an Assistant Economist and rose through the ranks to his current position. He holds a Master of Science (Honours) degree in Economics from the University of Zimbabwe and is an accredited Fellow of the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) in Financial Programming and Policies.As part of his professional development, Dr Kavila attended several courses hosted by the International Monetary Fund and MEFMI which include, among others; Balance of Payments Methodology, Money and Financial Statistics, Financial Programming and Policies; Data Requirements for Economic Management and Macro-Economic Policy Analysis and Management.

Dr Kavila is also a member of the Board of Trustees of the Zimbabwe Economic Policy Analysis and Research Unit and Fintrust Pension Fund.

He is also a member of the Small Enterprises Advisory Board.

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NON-EXECUTIVE DIRECTOR
MR WILLIAM B. MANHIMANZI

Mr Manhimanzi is a holder of an MBA in Financial Studies from the University of Nottingham Business School and a Bachelor of Science Honours Degree in Economics from the University of Zimbabwe and is an Associate Member of the Institute of Chartered Secretaries and Administrators.He is a Career Banker with over 24 years’ experience in the banking sector, most notably in Treasury Management.

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NON-EXECUTIVE DIRECTOR
MS JEAN MAGURANYANGA

Ms Maguranyanga has experience in the Public Sector, having worked as an Assistant Legal Officer/Prosecutor. She also worked for Parliament as an Assistant Legal Advisor and as a Lecturer in the Private Law Department of the Faculty of Law, University of Zimbabwe where she taught and conducted research in Commercial and Corporate Law.
She also accumulated a wealth of expertise in the banking and finance sector while working at the Reserve Bank of Zimbabwe firstly as a Legal Advisor and subsequently as the Bank Secretary/Director Corporate Affairs and Public Relations. At the Reserve Bank of Zimbabwe, she provided legal advice to the Board and the Bank as a whole. She drafted various complex financial agreements and made initial drafts of various statutes and regulations impacting on the activities of the Bank and the banking sector in general.
Her assignments included working on legal documentation with regional banks and other international banks and regional banks and international multi-lateral organisations.

She was also part of the SADC Legal Working Group which came up with the SADC Model Law for Central Banks.
Ms Maguranyanga holds a Bachelor of Law (BL) and Bachelor of Laws (LLB), degrees from the University of Zimbabwe; a Master of Laws degree (LLM) in Commercial and Corporate Law (International Business Law) from the University of London, United Kingdom and a Diploma in Banking and Finance from Manchester Business School, United Kingdom.
Her various other notable roles included being one of a four Reserve Bank of Zimbabwe group of officials appointed to investigate and set up systems at the then Zimbabwe Building Society, at the United Merchant Bank, part of team that set up then Deposit Protection Board and being appointed as one of the first ten Commissioners for the then Competition Commission.

She also sits on various Boards of Directors and is a member of a number of professional bodies.

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NON-EXECUTIVE DIRECTOR
MS MATHILDA MUKONDIWA

Ms Mukondiwa is the School Administrator for Hillcrest Schools (Pvt) Ltd, a position she held since 2012. She is an ex-officio member of both Hillcrest Primary and High School Management Committees and sits on the Finance Committee. She has strong background in administration and finance after working for Pump Aid Malawi and Pump Aid Zimbabwe as Finance and Administration Manager from 2008 to 2011 before moving to Hillcrest. She rose through the ranks from Cost Accountant to Group Accountant within Border Timbers Limited from 1991 to 2007.

Ms Mukondiwa graduated with a Bachelor of Accountancy Honors Degree from the University of Zimbabwe.

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NON-EXECUTIVE DIRECTOR
MR MOHAMED A. ALLANA

Mr Allana is the Director of Finance at Topline Holdings, a Zimbabwean company specialising in operations management, web development and implementation of customised financial software systems. He is also Chief Operations Officer of Allbro Agencies (Pvt) Ltd. Furthermore, Mr. Allana is an executive board member of Elite Group of Companies as Chief Operations Officer.
He once worked for Zoomwise in the UK as Information Technology Analyst. Before joining Zoomwise, Mr. Allana worked for Bellmore Limited, a UK based commodity broking company. He was responsible for managing database, web development and support and maintenance. He is also Director of Fixmar Investments (Pvt) Ltd, a commercial and residential property development company.
Mr Allana is studying towards a PHD in Finance with Aston Business School.

He holds a Masters in Science in Accounting and Finance and a Bachelors of Science (Honors) degree in Computer Science from Aston Business School.