aurora
Business Writer
Securities and Exchange Commission of Zimbabwe (SECZIM) chief executive officer (CEO), Tafadzwa Chinamo, has left the organisation and has been replaced by Gerald Dzangare in an acting capacity.
Dzangare appointment is effective February 01, 2022.
Chinamo who served the capital market regulator for 10 years, had his term of office ended on January 31 this year.
SECZIM Acting Board Chairperson, Ethel Chitanda, lauded Chinamo for his contribution to the capital markets regulator, where modernisation and automation as well as the adoption of modern market-wide infrastructure, has been prioritised resulting in increased participation of retail investors using internet-connected devices and cell phones.
“Various capital market products were introduced over those years and these include REITS, ETFs, the Alternative Trading Platform and the first online share trading platform C-Trade.
“The first commodities exchange the Zimbabwe Mercantile Exchange, was also created and during his tenure the Victoria Falls Stock Exchange was established as a new market player,” said Chitanda.
Chinamo during his tenure also served as chairman of CISNA, a SADC Committee of Insurance Securities and Non-Banking Authorities in Southern Africa for a period of six years.
He also supervised the membership of the International Organisation of Securities Commissions (IOSCO) in SECZIM.
Chitanda said the acting CEO has been with SECZIM since its inception and has firmly contributed to the company’s development towards its journey.
“SECZIM wishes Mr Dzangare the best on his journey as the Acting CEO and urges capital markets, securities market intermediaries and stakeholders to provide their best support for him and his team,” she said.
Elsewhere, Zimbabwe Stock Exchange (ZSE) listed seed company, SeedCo Group, has announced the appointment of Tineyi Chatiza as the Group Head Corporate Services and Group Company Secretary with effect from February 1, 2022.
Chatiza joined the Group in 2018 as Head of Corporate Finance and has over 15 years of experience in various areas including accounting, company secretarial, taxation, capital markets, governance, compliance and risk management covering multi sectors.
“He has been instrumental in several of Seed Co’s milestone capital markets transactions including the US$70.7 million technical-equity partnership with the Limagrain Group in 2013 and the unbundling and separate primary listing of Seed Co International on the Botswana Stock Exchange (BSE) and the secondary listing on the Victoria Stock Exchange (VFEX),” said the Group CEO Morgan Nzwere.
Bongani Ndlovu