Online Reporter
Nelson Gahadza
Senior Business Reporter
THE Securities and Exchange Commission of Zimbabwe (SecZim) has announced the resignation of chief executive Mr Anymore Taruvinga, who had served in the position since 2022.
According to a statement released by SecZim, Mr Taruvinga steps down effective October 31, 2025, and the commission has since appointed Mrs Grace Berejena as the acting chief executive officer, effective November 1, 2025, until further notice.
“Mr Taruvinga served SecZim with dedication for three years and also served as a non-executive director of the Investor Protection Board, where he chaired the finance committee.
“The board, management and staff of SecZim would like to thank Mr Taruvinga for his contribution and wish him success in his future endeavours,” reads part of the statement.
Mr Taruvinga’s three-year tenure at SecZim was marked by significant milestones and dedication to the growth and development of Zimbabwe’s capital markets.
During his tenure, he played a pivotal role in shaping the future of SecZim, driving innovation, and helping to strengthen the regulatory framework, enhance investor protection, and promote financial literacy.
He also oversaw significant growth in Zimbabwe’s capital market, with increased market capitalisation and trading volumes, and engaged in strategic planning and stakeholder consultations to improve its functions and capacity.
SecZim, in February this year, introduced regulatory sandbox guidelines, an initiative aimed at providing for live testing of eligible capital market-related FinTechs before they are introduced into the broader market.
The objective, according to SecZim, was to ensure investor protection, financial market stability, and integrity.
Part of the Securities and Exchange Commission’s mandate is to promote the development of the securities market.
The regulatory sandbox is therefore set to facilitate the growth and development of the Zimbabwe securities market in line with changing technological developments.
During his tenure, the market also witnessed the self-listing of the Zimbabwe Stock Exchange Holdings (ZSEH) on the ZSE’s main board.
Mr Taruvinga at the listing ceremony said the ZSE self-listing reflects confidence in the strength, resilience and future of Zimbabwe’s financial markets.
“It also expands the investment universe available to the public and reaffirms the ZSE’s role as a dynamic, evolving institution that continues to shape the future of capital formation in the country.”
Meanwhile, Mrs Berejena has served as the director of policy and market development and chairs the Capital Markets Sub-Committee of the Southern African Development (SADC) Securities and Non-Banking Financial Authorities (CISNA).
“With over 25 years of experience in Zimbabwe’s capital market, including 15 years with SecZim, she brings extensive expertise to her new position,” reads part of the statement.
The commission has also appointed Mr William Manhimanzi, an independent non-executive director, as vice chairman of the board, effective June 9, 2025. He was also appointed as the acting chairman.
Mr Manhimanzi is a seasoned central banker with over 33 years of experience in the financial sector, of which 30 years were in the Reserve Bank of Zimbabwe (RBZ) and 3 years in commercial banking.
“The commission looks forward to leveraging his expertise in economic matters and wishes him success in his new role,” SecZim said.
