What does Tafadzwa Chinamo bring to the ZIDA table...

What does Tafadzwa Chinamo bring to the ZIDA table?

Zim Now Writer

Newly appointed Zimbabwe Investment and Development Agency CEO Tafadzwa Chinamo takes over the key agency at a time Zimbabwe is beginning to see results of its “open for business” drive and much is expected from him.

The man now responsible for promoting and facilitation of both local and foreign investment in the country certainly has the right CV for the job.

With his diverse investment experience in asset management, banking organisations and smaller start-up companies, Chinamo understands wealth creation, a key deliverable of ZIDA.

Chinamo joined Kingdom Asset Management as an investment analyst in 1997 and by the time he left in 2006, he had gone all the way up the ladder to the pole position of general manager.

His next post was managing director at Zimnat Asset Management where he grew new business by an average $0.75 million per annum. and effectively managed costs to achieve a real return on equity of 30% in the 2007-2009 hyperinflationary period.

He exited Zimnat in 2010 and moved on to Securities and Exchange Commission Of Zimbabwe in 2011.

On his retirement from SecZim at the end of January this year after 10 years in charge, the acting board chairperson Ethel Chitanda said Chinamo had superbly steered the organisation through modernisation and automation.

“Various capital market products were introduced over those years and these include REITS (real estate investment trusts), ETFs (exchange traded funds), the Alternative Trading Platform and the first online share trading platform C-Trade.

“The first commodities exchange, the Zimbabwe Mercantile Exchange was also created during his tenure while the Victoria Falls Stock Exchange was also established as a new market player,” said Mrs Chitanda.

On his LinkedIn profile, Chinamo describes himself as an accomplished executive investments Manager, with expertise in financial products and services within Zimbabwe and international markets.

He also says he brings solid experience creating strategies and processes that enhance client services and improve delivery and demonstrated success directing development of organizations during periods of tremendous growth.

Chinamo say he has deep understanding of how technical implementations and business functions are impacted during organizational change and is an excellent communicator with emphasis on building strong client relationships.

Chinamo has demonstrated strong management and leadership skills in the portfolios he has held.

The holder of a Master of Science, Leadership and Change

Management from Leeds Metropolitan University and BSc Honours, Statistics plus (BSc), Mathematics and Statistics from the University of Zimbabwe has served as chairman of CISNA, a SADC Committee of Insurance Securities and Non-Banking Authorities for a six-year term.

He is an associate member of the Institute of Risk Management of South Africa and he is a Public Accountant registered with the Public Accountants and Auditors Board of Zimbabwe and is fully certified with the Institute of Bankers of Zimbabwe (IOBZ) as well as the Association of Chartered Certified Accountants.

A Catholic, Chinamo is the Harare Inter Parish Quiz organiser and quiz Master in his church.

ZIDA operates a One Stop Investment Services Centre which provides investment services ranging from investment analysis, company registration, tax registration and clearance, licencing, connecting to all necessary utilities, investment promotions, public relations and aftercare services. The agency is also in charge of Joint Ventures Unity and Public Private Partnerships.

The country has just repealed the Indigenisation & Economic Empowerment Act and is thus better positioned for international investment than it experienced under Chinamo’s predecessor the late Douglas Munatsi who died in mysterious circumstances in a fire in his apartment late last year.

The country now waits to see how Chinamo will fare, if under his leadership ZIDA will be instrumental in turning the economy around by driving investment, increasing industry creation and capacity utilisation as well as creating jobs.