Online Reporter
Business Report
The Mutapa Investment Fund has appointed a new 11-member board for ZESA (Private) Limited, marking the completion of a major corporate restructuring that consolidates state-owned power entities into a single utility.
The restructuring merged ZESA Holdings (Private) Limited, the Zimbabwe Power Company (ZPC), and the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) into one operating company.
In a notice issued by the group legal advisor and corporate secretary, Mr Tungamirai Chinhengo, the shareholder confirmed the appointments pursuant to General Notice 1193 of 2026, with effect from 1 April 2026.
Veteran business executive Mr Albert Joel Nduna chairs the newly constituted board, with Ms Ntokozo Mkandla serving as deputy chairperson.
The non-executive board seats are occupied by Mr Tawanda Ernest Denhere, Mrs Matilda Nyathi, Mr Sugar Chagonda, Mr Cassius Gambinga, Mrs Theresa Muchinguri, Engineer Nomusa Jowah, and Ms Nyasha Hazel Muvirimi.
Engineer Cletus Nyachowe has been confirmed as chief executive of the new company.
He is joined by Engineer Jan Albert Oberholzer, who steps in as chief operating officer. Engineer Oberholzer previously served as chief operating officer at South Africa’s state power utility, Eskom, from 2018 to July 2023.
