BUSINESS REPORTER
Pan-African financial services concern, Equity Group Holdings Plc has appointed Zimbabwean executive Jonas Mushosho as a Non-Executive on its board.
He replaces Christopher Newson who has retired.
Equity Group Chairman Isaac Macharia said Mushosho “brings a wealth of broad executive leadership experience in leading strategy implementation in a multi-national environment, which will be key as we seek to strengthen our regional subsidiaries”.
Mushosho said he was thrilled to be joining the board at a time when the company has “reached the Kes 1.12 trillion total assets base and is focused on strengthening its regional business”.
“By working together with the highly skilled management and staff at Equity, we will be able to further grow our business and continue to provide inclusive financial services in the countries we serve in furtherance of the group’s vision of championing the socio-economic prosperity of the people of Africa,” he said.
Mushosho served as CEO at Old Mutual Zimbabwe Limited between 2012 and 2019. He also doubled up as the MD for Old Mutual Rest of Africa, where he was responsible for strategy implementation, stakeholder management, investment performance management, governance and compliance and functional effectiveness of the Old Mutual Business in 12 countries in the continent.
He is currently a Director at Brooks & Oracle, a council member at Zimbabwe Open University and serves as a non-executive director at Delta Corporation.
Equity Group Holdings Plc is listed on three stock exchanges—the Nairobi Securities Exchange, Uganda Securities Exchange, and Rwanda Stock Exchange. The group has banking subsidiaries in Kenya, DRC, Rwanda, Uganda, Tanzania, South Sudan, and a Commercial Representative Office in Ethiopia. It has other subsidiaries in investment banking, insurance, telecom, fintech and social impact investments
