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ZB Financial Holdings has…

9 October 2021

ZB Financial Holdings has announced the departure of Finance Director Fanuel Kapanje, ending 19 years at the bank, 15 of which he was group financial director.

Kapanje was acting CEO between the resignation of ex-CEO Ronald Mutandagayi in May and the arrival of new CEO Shepherd Fungura in August.


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In a public notice issued on Thursday this week, ZB Financial Holdings Group secretary Tinashe Masiiwa said Kapanje leaves the company on the 31st of December 2021 in order to pursue other opportunities. The notice read:

After a career spanning 19 years with the ZB Financial Holdings Group (ZBFH), the Board of Directors of ZBFH wishes to advise that the Group Finance Director, Mr Fanuel Kapanje will resign from the Company and Board on the 31st of December 2021 in order to pursue other opportunities.

He has agreed to serve his notice period which ends on the 31st of December 2021.

Fanuel joined the Group then known as Finhold as Group Management Accountant in August 2002.

He rose to the rank of Head Group Finance and Accounting in November 2004, a position he held until his promotion to his current role of Group Finance Director in October 2006.

ZBFH is grateful to Fanuel for the leadership and valued contribution he provided to the Group during his tenure and wishes him success in his future endeavours.

The formal recruitment process to identify a replacement Group Finance Director is commencing soon and an announcement will be made in due course.

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