Douglas Munatsi
Douglas Munatsi
BornDouglas Tawanda Munatsi
(1970-03-04)March 4, 1970
ResidenceHarare
NationalityZimbabwe
Alma materUniversity of Zimbabwe, American University, Harvard Business School
Occupation
  • Entrereneur
OrganizationZimbabwe Investment and Development Agency
Known forFounding CEO of BancABC Zimbabwe


Douglas Tawanda Munatsi, known simply as Doug in Zimbabwe, is a business executive, entrepreneur. He is known mostly for leading BancABC since its formation in 2000, until its acquisition by Atlas Mara in 2014. He was appointed the Zimbabwe Investment and Development Agency by President Emmerson Mnangagwa in 2019.

Education

Munatsi studied for his first degree, a Bachelor of Business Studies, at the University of Zimbabwe, and later did his masters at American University. He also read and completed the Harvard Business School's Advanced Management Program.

Career

Munatsi served as the Group Chief Executive Officer of ABC Holdings Limited from 2000 when it was established until December 31, 2014 when it was sold to Atlas Mara.

Before becoming BAncABC CEO in 2000, Munatsi was the Managing Director of its predecessors First Merchant Bank and Heritage Investment Bank which he founded. Prior to that served as an executive of the International Finance Corporation.

He served as a Non-Executive Director of Union Bank of Nigeria Plc from July 12, 2013 to February 24, 2015.

Munatsi is an Associate of the Institute of Bankers of Zimbabwe.

Farming

Doug Munatsi owns Kunatsa Estates in Matepatepa, Mashonaland Central Province, which was toured by President Emmerson Mnangagwa as a model of large scale farms that are expected to drive agricultural growth.[1]

References

  1. Fungi Kwaramba, [1], The Herald, Published: 28 August, 2020, Accessed: 28 August, 2020