BUSINESS REPORTER
Zimbabwe Investment and Development Agency (ZIDA) chief executive Douglas Munatsi has died.
Munatsi died in an inferno at his Northfields penthouse in Harare early Monday. The cause of the fire has not been established.
Zimbabwe Republic Police spokesperson Paul Nyathi was not yet ready to comment as he wanted to gather details.
“Let me gather the details and I will get back to you,” Nyathi said.
In a statement, Northfields Owners Association confirmed the fire incident.
“The association wishes to advise stakeholders that at approximately 02.50AM, on Monday 29th November, a fire was detected by the occupant of flat C9 in Northfields. There was no electricity at the time due to a cable fault.
“The occupant in C10 heard commotion and noise, and went to his balcony to investigate further. There, he heard from the occupant of C9 that there was a fire and he asked to call the fire brigade,” the association said.
“At 02.59am the fire brigade was called, and they arrived at 03.11am. They fought the blaze for 2 hours, and despite their efforts, they were unable to save the occupant of C9, who is believed to be Mr Douglas Munatsi.”
Munatsi was appointed ZIDA chief executive in 2019. He was previously chief executive of BancABC. He was a shareholder in private equity concern, DBF Capital.
