Business Development

Zimnat Appoints Elizabeth Rabvukwa as Managing Director for Financial Services business


Financial services giant, Zimnat has appointed Elizabeth Rabvukwa as the new Managing Director for Zimnat Financial Services with executive oversight over Zimnat Asset Management. She takes over from outgoing CEO of Zimnat Financial Services Munyaradzi Javangwe who has joined Sanlam Life Zambia. Rabvukwa also takes over as the Executive Director of Zimnat Asset Management taking over from Oliver Lutz who has joined Masawara Group.

Prior to her appointment Elizabeth was the Chief Operating Officer for Zimnat Life Assurance a role which she has served in with distinction for 4 years. Elizabeth is a qualified Chartered Accountant by profession. She also holds a Masters’ in Business Leadership with UNISA School of Business Leadership and an Executive Leadership course with GIBS. Before joining Zimnat as the Finance Director for Zimnat Life she worked for the Reserve Bank of Zimbabwe as Deputy Division Chief of Finance and Administration. Elizabeth has also worked for diverse institutions including PWC and Tractive Power Holdings.  

Speaking on the appointment the Zimnat Group CEO Mustafa Sachak said ‘As the Zimnat group is looking at its growth agenda for the coming years, I am confident that Elizabeth will continue to surpass expectations in her leadership journey.”

Rabvukwa has also served on several boards in various industries and sectors ranging from parastatals, health sector, financial services and professional institutions.

Commenting on her appointment Mrs. Rabvukwa said ‘I am excited and looking forward to this new challenge. We are living in a time bursting with opportunity while laden with real challenges, but I believe we have the best team to ensure we maximize on the business opportunities.

The appointment comes at a time when the financial services group is positioning itself for exponential growth which will see the organization emerge as a household financial services provider.

Zimnat is a diversified financial group made up of four business units, namely Zimnat General Insurance, Zimnat Life Assurance, Zimnat Financial Services and Zimnat Asset Management. It is associated with Sanlam, which is the largest non-banking financial services group on the continent.

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About the author

Byron Adonis Mutingwende