• Sun. Apr 14th, 2024

CFI appoints Dumba as substantive FD

ByEconomic Times

Mar 13, 2023

By ETimes

Listed agro company CFI holdings has appointed Mr Tariro Dumba as the substantive Group Finance Director effective March 2023, replacing Mr Chesternoel Mutevhe who was on an acting capacity.

In a statement the company said, “The Board of Directors of CFI Holdings Limited would like to announce the resignation of the Acting Group Finance Director Mr Chesternoel Mutevhe, with effect from February 28, 2023.

“Further, the Board is pleased to announce the appointment of Mr. Tariro Dumba as the Acting Finance Director for the Company until the appointment of a substantive Finance Director.”

The company said Mr Dumba’s appointment is with effect from March 1, 2023.

A qualified Chartered Accountant (Zimbabwe), having served his Articles of Clerkship with KPMG Zimbabwe, Mr Dumba is a seasoned financial practitioner with more than 15 years of accounting, financial reporting, taxation and audit experience.

His experience is vast as he has worked in the mining, manufacturing and agriculture sectors.

The outgoing Mr Mutevhe joined the Group in 2005 as Group Company Secretary and Treasurer and held various senior leadership positions throughout his tenure with the Group.

“He served the Group with exemplary leadership and integrity up to his exit, and his last role was as Acting Group Finance Director, a position he held since 2016,” the company said.

CFI Holdings Limited is a leading agricultural-based industrial holding company in Zimbabwe, primarily involved in manufacturing and selling fresh produce and manufacturing stock feed, as well as property management and letting.

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Through subsidiaries and joint ventures, it manages wholesale and retail outlets, offers products and services for animal health, operates maize and wheat mills, and is involved in poultry farming and producing and selling poultry products.

CFI Holdings Limited manages a separate entity offering services for the development and management of real estate in Zimbabwe.

STALAP Investments is now the largest shareholder in CFI Holdings Limited after increasing its stake in the company to over 40%. STALAP is an investment vehicle owned by Zimre Holdings.

Its retail outlets include Farm & City and Vetco Animal Health; its specialised divisions include Victoria Foods, Saturday Retreat Estate, Reston Developers and Maitlands Zimbabwe Limited.

Poultry is marketed and distributed through Agrifoods, Agrimix, Hubbard Zimbabwe, Glenara Estates, Crest Breeders International and Suncrest Chickens – Harare

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