Dr. Mandas Marikanda

Dr. Mandas Marikanda

Chief Executive Officer

Dr. Mandas Marikanda, the Chief Executive Officer of the Zimbabwe Women’s Microfinance Bank (ZWMB). She has passion for financial inclusion for excluded communities such as rural population and disadvantaged groups including women. She has more than 20 years’ experience designing innovative financial interventions such as group savings, implementation of developmental microfinance, innovative lending initiatives in rural communities and is seasoned consultant and accredited trainer for ICT/ILO Making Microfinance work. She has been working with women and youths offering practical initiatives for entrepreneurship, employability among youths and young women. Mandas was Executive Director for Pundutso Microfinance (a World Vision partner) and as part of the World Vision fraternity, she undertook various assignments in Malawi, Mozambique, South Africa, Swaziland, Zambia. She has a PHD in Economic Empowerment and microfinance from Aldersgate College Philippines. She is a holder of an MBA with Eastern University of USA and an HRUP (Honours) degree from the University of Zimbabwe.

Mr Bright Magura

Mr Bright Magura

Chief Finance Officer (CA)z

Bright trained and qualified with Ernst & Young in Zimbabwe. At Ernst & Young he audited financial institutions ranging from Commercial Banks, Merchant Banks, Insurance Companies and Pension Funds. He led Audit Teams reporting to the Partner during the assignments. Entities audited include but are not limited to CBZ, Genesis Investment Bank, Renaissance Merchant Bank, AON Minet, Zimnat and Mining Industries Pension Fund

Bright joined Innscor Africa Limited’s Treasury Division which was responsible for managing the Treasury aspects of the Innscor Africa Limited. The Treasury function as well as the Back Office Function exposed Bright to complex Capital Market transactions that involved cross border transactions

Bright joined Agribank as the Finance & Administration Manager with a mandate to assist in turning around the fortunes of loss making branches. He managed to improve the reporting quality of the branches and assisted in making executive decisions that were fundamental to the going concern of the bank. At Agribank Bright was part of the team that worked in tandem with RBZ Bank Monitoring & Supervision team in crafting a capitalization plan as Agribank’s capital was below the set thresholds

At Dawn Properties Limited the technical experience gained was blended with the business and entrepreneurial culture. At Dawn Properties Bright was responsible for the Group Reporting culminating in publishing Audited Financial Statements and complying with the requirements of the Zimbabwe Stock Exchange. Bright engaged with key stakeholders amongst them Shareholders, RBZ, ZIMRA, regional financiers.  Bright had an oversight role over the Agriculture Joint Venture that was created to unlock value for the shareholders.

Prior to joining ZWMB Bright joined a network of Consultants who have a wide and diverse clientele portfolio. The major thrust was in engaging regional financiers to fund mainly property deal pipelines in Zimbabwe. The clientele ranged from Property Developers, Mining and SMEs.

Bright is a qualified Chartered Accountant and a registered member of ICAZ. He holds a B-Compt Honors Degree from UNISA. He will commence his MBA studies in 2018

Mubaiwa Mberi

Mubaiwa Mberi

Head of ICT

Mubaiwa Mberi is a seasoned ICT practitioner with over nineteen (19) years of experience. He has developed banking systems in the demanding finance industry, has developed and implemented Large ERP systems in both private and public sector. He is also a banker and marketer. He holds a diploma in banking (IOBZ), Diploma in network Centred Computing, Bsc Information systems, Bcom Marketing Management and holds a Masters in Business administration (Women’s University in Africa). He has vast experience in implementing projects, training and grooming young and upcoming ICT specialists. He brings skills in Digital strategy formulation and implementation, Technology innovation, Research and Development, Leadership and ICT projects management. He is married with 3 Children.

Barbara Muyengwa

Barbara Muyengwa

Head of Marketing and Public Relations

Barbara Muyengwa is a qualified Banker and a seasoned Marketer with over 15 years in management position within the Financial Industry. She began her career with ZB Bank 1990 and worked for Z B Finance and Trust Bank. She has a proven record in the Strategic Marketing Planning, Business Development, Selling and Sales Management, Customer Relationship Management Private Banking and Quality Service Training. She is a holder of Bachelors Administration Degree in Marketing, Institute of Bankers (Zimbabwe) Diploma in Banking, and completed a Masters of Business Administration Degree with Management college of South Africa. Prior to re-joining Trust s was appointed General Manager at Julie Whyte a clothing manufacturer where she contributed immensely to fashion trends. She has immense passion for women empowerment and was instrumental at the setting up of Zimbabwe Women’s Microfinance Bank. Barbara has a lovely daughter, Tariro.

Axilia Chikava

Axilia Chikava

Head of Credit

A Certified Expert in Microfinance (CEMF) and SME Finance (CESF) by Frankfurt School of Finance and Management in Germany. She has more than 15 years’ experience gained in banking and microfinance sector covering risk management, MSME financing, debt management and development finance consulting.  Axilia is passionate about development finance and has been providing technical assistance to financial institutions including banks and microfinance institutions in their lending strategies, product development, staff training and entrepreneurship training of clients. Axilia has been instrumental in setting up of Zimbabwe Women’s Microfinance Bank Credit Department, credit products and credit lending models and strategies where she currently holds a position of Head of Credit.  She holds a Bachelor of Accounting Science (BCompt) degree with University of South Africa (UNISA), ACCA member and is currently studying for a Master of Leadership in Development Finance with Frankfurt School of Finance and Management in Germany.

Selestino Chikwature

Selestino Chikwature

Head of Treasury
Selestino Chikwature is a Chartered Development Finance Analyst. Incumbent has more than ten years of experience fund raising for development finance projects, public private partnership projects and investment management. He is a seasoned banker with wide expertise in structuring deals across various sectors of the economy from: Infrastructure transactions, green finance and sustainable development; development finance projects in Micro finance & SMEs support in marginalised communities and private public partnership projects.  He is the current Head of Treasury for Zimbabwe Women’s Micro Finance Bank. He has previously held managerial positions at middle and senior level at Finance Partners Africa, Tetrad Bank, Platinum Asset Managers (Previously MBCA Capital), Premier Bank (now Ecobank Zimbabwe) and Momentum Management Consultants South Africa.  He is non-executive director for Mukute Safaris Operators (Pvt) limited managing about 100 square kms of wild ranch in the northern parts of Zimbabwe. He is also an executive director of Farmhook exports (Pvt) Limited– an agricultural value chain company supporting small holders farmers and aggregating produce for export market.

He holds a Masters of Philosophy in Development finance from Stellenbosch University -South Africa; a Master’s of Science in Finance and Investments and Bachelor of Commerce Honours in degree in finance from National University of Science and Technology (NUST) Zimbabwe. Currently working on PhD research in development Finance.

Priscilla Masikati

Priscilla Masikati

Head of Risk and Compliance

Priscilla is a highly driven, accomplished risk practitioner with 25 years’ experience in the Zimbabwean Banking Sector. She has proven her worth on both strategic and operational levels with specialist focus on high level risk assessments, managing and mitigating a plethora of risks in a multiplicity of risk environments. Her experience, following from extensive experience with The Reserve Bank of Zimbabwe Bank Supervision and Exchange Control Divisions, she held various positions including heading a Compliance Risk Management Unit, Company Secretarial and Finance in a commercial bank. She holds an Economics Degree, an MBA and Masters in Socio-legal studies from the University of Zimbabwe as well as other business and professional qualifications. Priscilla has a quest for self-improvement and   is passionate about empowering and motivating the weak and marginalised. In her spare time, she reads and enjoys gardening and the outdoors.

Clara Mukosera

Clara Mukosera

Head Of Retail Banking

A multi skilled banker who has acquired an in-depth knowledge in Retail Banking and Banking Operations. She has a strong background in Business development and Operational risk management Clarah is a seasoned banker with over 18 years in managerial position. She started her banking career at Barclays Bank as a junior clerk and rose through the ranks to Branch Manager, gaining experience in most banking functions. Having worked for Steward Bank as Cluster Manager and Success Micro Finance Bank as Head of Banking. She has gained diversity in Retail and Credit strategies to work with Personal, Micro and SME account holders.

  • Degree in Counselling with ZOU
  • IOBZ Diploma in Banking
  • Diploma in Marketing with LCCI
  • Diploma in Microfinance with HIT
  • Currently working on her Master’s in Business Administration
Sitshengisiwe Mahachi

Sitshengisiwe Mahachi

Legal and Secretariat

Mrs Sitshengisiwe Mahachi our Head of Legal and Secretariat holds a Bachelor of Laws (honours) Degree with the University of Zimbabwe (2000) and also holds a CIS qualification. She has a passion for working with the marginalised especially women. Sitshengisiwe was in private practice before joining the Ministry of Justice Legal & Parliamentary Affairs where she worked as a Magistrate in both civil and criminal courts. At the civil court she dealt with a number of women who were facing social injustice through domestic violence and financial neglect. She will always help the women with an open heart. Due to her great interest in Commercial Law she joined City of Harare after leaving the courts and worked as a Legal Officer. The incumbent also worked for the Zimbabwe Mining Development Corporation as Group Legal Advisor/ Assistant Corporate Secretary. Thereafter she worked for a Pension Fund as a Legal Advisor and Corporate Secretary.

Fungai Chikanya

Fungai Chikanya

Head Of Banking Operations

Fungai is a career banker with over 20 years of experience in retail, credit, operations and development finance. He has vast experience in consumer, micro, small and medium enterprise and agriculture lending. He is an Associate of the Institute of Bankers of Zimbabwe and a Member of the Zimbabwe Institute of Management, holds a diploma, advanced Diploma in Credit and currently doing a Diploma in Micro-finance. Fungai has worked in various positions at some of the leading commercial banks and was involved in the setting up of the third micro-finance bank in Zimbabwe.

Elastos Chimwanda

Elastos Chimwanda

Head of Internal Audit

Elastos is a Certified Internal Auditor (CIA) and Certified Information Systems Auditor (CISA) with over nine (9) years’ experience in both internal auditing and information systems auditing. He has assisted several public sector organisations in setting up and improving internal control, risk management and governance systems. A member of the Institute of Internal Auditors (IIA), Elastos is passionate about internal auditing and has been actively involved in the development of the internal audit profession on a global level. He previously served as a member of the Information Systems Auditing and Control Association (ISACA) IT Auditing Future Direction Working Group; an international project mandated to provide insight and thought leadership on the future of IT Auditing.  Currently, he serves as a Global Guidance Contributor to the IIA Global Standards and Guidance and is also a member of the IIA Global Test Development Team and the IIA Global Public Sector Guidance Committee. He holds a Bachelor of Commerce Honors Degree in Accounting (with a bias in IT) and is currently studying for the Masters in Business Administration in Leadership and Management.