Econet deputy CEO Chimanikire bags ICAZ award


Econet Wireless Zimbabwe deputy CEO Roy Chimanikire on Friday won the inaugural Institute of Chartered Accountants Zimbabwe (ICAZ) Excellence in Business Award for 2021 which recognises dynamic and talented members who have stepped out of their comfort zones and shown exemplary achievements in business.

The ICAZ awards, which honour and recognise the institute’s members, across the world, who have distinguished themselves by making significant contributions in representing, promoting and enhancing the accounting profession and in strengthening the ICAZ brand, were held virtually due to Covid-19 lockdown restrictions.

Accepting the award, Chimanikire, who has served as the Finance Director for the group, and is currently Deputy CEO, said he was delighted to receive the honour during this difficult time for many businesses and the economy due to the Covid-19 pandemic.

“I am pleased to accept this prestigious award from the Institute of Chartered Accountants, which is the inaugural award for the Excellence in Business for 2021. I am so proud to be associated with the institute having been a member for over 20 years now, and in the period I have seen the impact that Chartered Accountants have had on our economy,” he said. 

Chartered Accountants play an essential role in economic development by improving transparency and accountability, facilitating the mobilisation of domestic and international investment, creating a sound investment environment and fostering investor confidence, thus promoting financial stability. 

“As we navigate the challenges we face in our country, I am pleased to be part of what we are doing in this country to make businesses prosper and to fly the brand of the Institute of Chartered Accountants in this market. As the past president of ICAZ I would like to encourage you to be part of the change that we like to see in our country,” the executive said.

Chimanikire is a key part of the Econet team led by group CEO Douglas Mboweni, whom he deputises, which has ensured the company continues to grow and retain its market leadership and blue-chip status on the Zimbabwe Stock Exchange.

The telecommunications giant finished the past year with a market capitalisation of ZW$24.6bn – the third highest on the local exchange –  while total assets amounted to ZW$30.7bn, with a net asset value of ZW$14.3bn.

“I would like to thank you all, colleagues and friends, and those who have been supporting me and our business Econet, and my family as well.  And I would just like to thank God, that above all else, it is only by his grace that we are able to do everything what we do. I am very humbled and privileged to be in the inaugural winner,” Chimanikire said.

ICAZ is the oldest and largest professional accountancy organisation in the country, having been set up in January 1918.

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