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Nigel Chanakira leaves Zimbabwe Investment Authority

By Bianca Mlilo

The Zimbabwe Investment Authority board chairman Dr Nigel Chanakira has left the organisation. According to Dr Chanakira, he left ZIA on September 30 following the expiry of his term of office.

Nigel Chanakira
Nigel Chanakira

ZIA promotes, facilitates, regulates and co-ordinates all investment activities in line with Government policy. Its major objective is to encourage investments by domestic and foreign investors. Responding to written questions, Dr Chanakira said:

“My term of office at ZIA expired on 30 September 2016.”

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His mobile phone would not go through when we called him for more details.

ZIA chief executive officer Mr Richard Mbaiwa declined to comment on the matter before referring this paper to Macro-Economic Planning and Investment Promotion Minister Dr Obert Mpofu.

Speaking by telephone from Harare, Dr Mpofu declined that Dr Chanakira has left the investment authority

“There is no such development. We will notify you of any changes if and when they occur.”

Dr Chanakira was appointed ZIA board chairman during the inclusive Government in December 2012 by the then Minister of Macro-Economic Planning and Investment Promotion Tapiwa Mashakada.

Dr Chanakira is the founder of Kingdom Bank, which he nurtured from a small operation and helped grow into a leading indigenous financial services group before it was acquired by a Mauritius financial services group, AfrAsia.

His time of stardom saw him collecting 17 local and international business awards as his empire grew in impressive fashion. The Chronicle