BancABC appoints new Managing Director

Philemon Jambaya

Zim Now Editor

BancABC, a leading financial services provider, has announced the appointment of Tawanda Munaiwa as its new Managing Director. Munaiwa will assume his new role effective September 2024.

The Board of Directors of African Banking Corporation of Zimbabwe Limited (BancABC) expressed their enthusiasm for the appointment, which they believe will propel the group to new heights. "Tawanda is a seasoned banker with a wealth of experience in the financial services industry," the bank stated in a press release.

Munaiwa's career spans over decades, beginning with a stint as an Examiner at the Reserve Bank of Zimbabwe. He subsequently joined Trust Bank Limited as a Risk Manager, eventually rising to the position of Head of Risk. His exceptional performance led to his appointment as Managing Director of ABC Asset Management (Pvt) Limited in 2009, a sister company of BancABC. He held this position until 2015 when he was appointed Head of Risk for BancABC Mozambique, and subsequently its Managing Director in 2019.

With 18 years of experience in banking and fund management, Munaiwa brings a wealth of knowledge and expertise to BancABC. "Tawanda holds a degree in Economics from the University of Zimbabwe and various management and professional qualifications," the bank added. "He joins BancABC at an exciting time as it embarks on a growth and market repositioning path."