EcoCash Holdings Zimbabwe Limited announced a major leadership reshuffle on February 15, 2025.
This transition comes as Tawanda Nyambirai, the new Group Chief Executive Officer, acquires a majority stake in the company, which includes the tech financial services firm Steward Bank as a subsidiary.
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EcoCash Holdings leadership changes
The announcement highlights the resignation of several key figures, including Mrs. Sherree Gladys Shereni, who has stepped down as Board Chairperson.
Other departing directors include Dr Zientzile Dillon, Mr Hardy Pemhiwa, Mr Darlington T. Mandivenga, Mr Michael L. Benett, and Mr Christopher Maswi. The company expressed gratitude for their contributions during their tenure and acknowledged their roles in steering EcoCash’s growth.
In response to these departures, EcoCash has appointed Dr. Titus Murefu as the new Board Chairperson.
The board will now include a fresh lineup of directors: Mr Rugare Chidembo, Mr Roy Chimanikire, Mrs Nadine Gabi Levy, Mr Evaristo Mudhiwa, Mr Morgen Mutowo, Mr James Andrew Kufakunesu Mushore, and Mr David Alexander Rhodes.
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Nyambirai stated that this reconfiguration is essential for “renewed strategic direction,” indicating a shift towards innovation and stability within Zimbabwe’s financial technology sector.
Following this leadership overhaul, EcoCash Holdings is positioning itself for continued advancement in financial technology. The company aims to leverage its new leadership to enhance its services and adapt to changing market dynamics.
Nyambirai emphasised the importance of this transition by stating, “We are committed to driving innovation and ensuring that our services meet the evolving needs of our customers.” This leadership change reflects the company’s ambition to remain competitive and responsive in a rapidly changing environment.