RioZim appoints new board chairman

Judith Phiri Zimpapers Writer

Zimbabwe Stock Exchange-listed mining group, RioZim, has appointed seasoned business leader Mr Caleb Dengu as chairman of its board of directors, effective July 8, 2025.

His appointment follows the resignation of Mr Saleem Rashid Beebeejaun on July 7, 2025.

In a statement, RioZim described Mr Dengu as an accomplished investment strategist with more than four decades of experience spanning international development finance, public sector reform and private sector investment across Africa, Latin America, Asia and the Caribbean.

“He brings extensive governance and board-level experience, having held executive and non-executive directorships in energy, mining, finance and technology sectors. He has a proven track record in structuring large-scale infrastructure and energy deals, including spearheading projects such as the 500MW Kariba Floating Solar Farm. He was appointed as a director on the 6th of November 2014,” said the company.

With a strong foundation in financial management and public enterprise reform, Mr Dengu has led complex multi-country projects for global institutions such as the Common Fund for Commodities and the Trade and Development Bank.

He currently holds senior leadership positions including Managing Partner at CDF Trust and Consulting BV, Managing Director of Green Hybrid Power, and Director of Intensive Energy User Solutions.

Mr Dengu is a Fellow of the British Institute of Chartered Secretaries and Administrators (FCIS). He also holds an MBA and Post Graduate Training in Advanced Financial Management Techniques for Public Enterprises from Strathclyde Graduate Business School, Scotland, and is an alumnus of the Harvard Business School Senior Executive Program Africa (SEPA).

In addition to his appointment, RioZim also named Mr Vinit Saxena as executive director and Mr Kothagundla Srinivas as non-executive director, both effective July 18, 2025.