Online Reporter
Business Reporter
The Infrastructure and Development Bank of Zimbabwe (IDBZ) has appointed Mr Willing Zvirevo as its substantive chief executive officer with effect from 1 June following a period in which he served in an acting capacity.
Mr Zvirevo has been acting chief executive officer since 1 September 2025, after former CEO, Mr Thomas Zondo Sakala, stepped down in August last year upon completion of his 10-year tenure at the helm of the development finance institution.
A seasoned development banker, Mr Sakala assumed the role of CEO in September 2015, succeeding Mr Charles Chikaura, and oversaw a decade of growth and transformation at the institution.
Mr Zvirevo now takes over the leadership of the bank at a crucial stage, as IDBZ accelerates the implementation of its strategic development and growth agenda, with a strong focus on infrastructure financing, resource mobilisation and sustainable development initiatives.
Before his appointment as acting CEO, Mr Zvirevo served as the bank’s director for resource mobilisation and climate finance, where he played a central role in strengthening the institution’s capital base and expanding its funding partnerships.
IDBZ board chairman, Dr Kupukile Mlambo, said Mr Zvirevo had demonstrated exceptional leadership and expertise in driving key strategic initiatives for the bank.
“The board expresses its absolute confidence in Mr Zvirevo’s leadership, strategic depth and proven experience to guide the bank towards fully achieving its developmental mandate and long-term strategic objectives,” he said.
Mr Zvirevo brings extensive local and international experience in banking, corporate finance and investment management to the role.
Prior to joining IDBZ, he spent seven years in the Cayman Islands with the Citco Group, the world’s largest hedge fund administrator, where he gained specialised experience in alternative investment platforms, fund structures and complex financial products.
He has held senior positions at KPMG Corporate Finance, NMB Bank Limited, Sagit Finance House Limited and AMG Global Chartered Accountants (Zimbabwe), where he led the Corporate Finance practice.
His appointment is expected to provide continuity in the execution of the bank’s strategic priorities, while strengthening efforts to mobilise funding for infrastructure development and other national projects aligned with Zimbabwe’s economic transformation agenda.
