CBZ Bank - Director's Profiles

R. Pasi

R. Pasi
MBA from the University of Gloucestershire
Bachelor of Business Administration with specialization in Marketing Communications
Diploma in Marketing Management.
Banking and Risk Management (UNISA)

Capacity: Chairperson

Year Appointed to the Board: 2008

Expertise and Experience:Rebecca is the Chief Executive Officer of Bechr Holdings (Pvt) Ltd. She has experience in Business Research Methods, Economics as well as Strategic Management.


D. Shinya

Duduzile Kereditse Shinya

Capacity Vice Chairperson

Year Appointed to the Board: 2016

Expertise and Experience: Duduzile Shinya is a Chartered Accountant by profession and is currently the Corporate Finance Executive for Schweppes Zimbabwe Limited. She is a Council Member of the Institute of Chartered Accountants Zimbabwe, and sits on the Audit and Finance Committee as well as the Accounting Procedures Committee.

Duduzile is currently studying towards her Masters in Business Leadership with UNISA. Her business and financial management experience spans over 16 years having worked for PriceWaterhouseCoopers in Audit and later in Corporate Finance. She also worked as an Executive Director in the Corporate Finance arm of Imara Capital.


N. Nyemudzo

N. Nyemudzo
Bachelor of Accountancy – University of Zimbabwe
Postgraduate diploma in Applied Accountancy - University of Zimbabwe
Chartered Accountant (Zimbabwe)
Masters of Commerce Strategic Management and Corporate Governance – Midlands State University

Capacity: Group Chief Executive Officer

Year Appointed to the Board: 2012

Expertise and Experience:Never is a Chartered Accountant with over 13years’ experience in the financial services sector. He holds a Bachelor of Accountancy Degree and a Post-Graduate Diploma in Applied Accountancy from the University of Zimbabwe. He also holds a Master of Commerce in Strategic Management and Corporate Governance from Midlands State University. He commenced his career with BDO Zimbabwe where he trained for his articles and has held senior management roles from the Reserve Bank of Zimbabwe, First Banking Corporation and the People’s Own Savings Bank.


P. Zimunya

P. Zimunya
Master of Business Administration – Nottingham Trent University
Diploma in Management – Nottingham Trent University
Certificate in Management – Nottingham Trent University
Executive Development Programme – Certification – UZ
Certificate Institute of Bankers of Zimbabwe

Capacity: Managing Director

Year Appointed to the Board: 2007

Expertise and Experience:Peter has a career in banking spanning 33 years and has been with CBZ since 1995, when he started off as a manager in the Central Credit Department. Prior to that Peter had spent 15 years with Standard Chartered Bank. As Managing Director Peter is responsible for the entire management of CBZ Bank in line with the Bank’s profitability, corporate governance and compliance objectives as agreed with the Board of Directors.



M. T. Mudondo

M. T. Mudondo
Global Executive Development Programme, Gordon Institute Of Business Studies, University Of Pretoria
MSc- Leadership & Change Management (Leeds Metropolitan University)
Advanced Diploma- Treasury Management & International Trade (Institute of Bankers S.A) 2000
Diploma –Treasury Management & International Trade (Institute of Bankers S.A) 1998-9
Banking Diploma- Institute of Bankers Zimbabwe 1995-1997

Capacity: Executive Director

Year Appointed to the Board: 2014

Expertise and Experience:Mike joined CBZ in 2005 and brings with him over 15 years’ experience in the financial services sector having worked for Zimbabwe Banking Corporation, NMB Bank and Intermarket Discount House. Mike has vast experience in Treasury and has worked in the CBZ Bank Treasury Division since 2005. He holds an Msc in Leadership and Change management from the Gordon Institute of Business Studies, University of Pretoria and various other qualifications in Treasury Management and International Trade.


C. Chimutsa

C. Chimutsa
B.Acc. (Hons) University of Zimbabwe
Chartered Accountant (Zimbabwe) (CA (Z))

Capacity: Group Chief Finance officer

Year Appointed to the Board: 2009

Expertise and Experience:Colin was appointed as Executive Director, Mortgage Finance in January 2009. He had a career at ZB Building Society spanning 10 years, where he held the position of Managing Director. Prior to that role Colin was Finance Director of United Bottlers. Colin has an extensive background and experience in Finance.


F. B. Chirimuuta

F. B. Chirimuuta
Masters in Business Administration (MBA) degree (UZ) 1993
Bachelor of Laws (LLB) degree (UZ) 1989
Bachelor of Law Honours (BL Hons) degree (UZ) 1988

Capacity: Independent non-executive director

Year Appointed to the Board: 2008

Expertise and Experience:Francis is the Managing Partner at Chirimuuta & Associates, a law firm which he set up in May 2007, after a rewarding stint in commerce and industry spanning over 12 years during which he worked as the General Manager of Zimnat Insurance and as the Managing Director TA Botswana then into hotels, IT and business machines, bakeries and real estate. Apart from selective mainstream legal practice work within Zimbabwe, the law firm’s other main focus is legal consultancy work in trade facilitation within the Southern Africanregion and beyond. Francis also holds directorships in Zimbabwe Electricity Supply Authority Holdings, ZB Reinsurance Ltd and Southern Trust Holdings (Pvt) Ltd.


P.S. Madzonga

P.S. Madzonga
BL (Hons); LLB University of Zimbabwe
BA (Hons) Psych, University of South Africa
Post Graduate Diploma in drafting

Capacity: Independent non-executive director

Year Appointed to the Board: 2010

Expertise and Experience:Priscilla is an established legal practitioner in Harare with more than 30 years of professional experience. She worked for more than 15 years in the Attorney General’s Office of the Government of Zimbabwe initially as law officer and then as chief legal draftsperson in the department responsible for the drafting of all the legislation for Zimbabwe. Currently she is a Partner at Costa & Madzonga, Legal Practitioners and is involved in mainstream corporate work involving transactional corporate finance, company and commercial law.


N. Bhulabhai

Nikhil Bhulabhai

Capacity Independent Non-Executive Director

Year Appointed to the Board: 2016

Expertise and Experience: Nikhil holds a Bachelor of Commerce degree with a specialization in Management from the University of South Africa, a Master Certificate in Project Management IS/IT Villanova University and has Six Sigma Green Belt from Villanova University. He is currently studying for an MBA with Edinburgh University.

Nikhil is an accomplished, diverse entrepreneur and business professional with over 23 years of exposure and experience in developing start-ups, strategic management and leadership. He is a commercial industrialist, with business interests across the region in the fields of ICT, Finance, Power and Infrastructure, Telecommunications, Manufacturing, Retailing, Mining, Digital Marketing and E-commerce. He is a co-founder of the Chengetedzai Depository Company, Zimbabwe’s first Central Securities Depository for the Capital Markets.


R. A. Jakanani

R. A. Jakanani
Master of Laws in International Economic Law - Univesity of Warwick (UK)
Bachelor of Law (Hons) – University of Zimbabwe

Capacity: Group Legal Corporate Secretary

Year Appointed to the Board: 2012

Expertise and Experience:Rumbidzayi is a lawyer by profession, having previously worked for Stumbles and Rowe Legal Practitioners as a civil and criminal lawyer. She worked in her capacity as Manager Corporate Governance and Compliance, CBZ Bank Limited (2005) and Legal Corporate Secretary (2009) until her appointment as Group Legal Corporate Secretary in 2012.

Forex Rates

Last Updated: 20 November 2017
  Base USD 1.00
  AUD 1.3217
  BWP 10.4932
  CNY 6.6373
  EUR 0.8969
  GBP 0.757
  ZAR 14.0442

Business Conditions