Deposit Protection Corporation Zimbabwe | Protecting Your Deposits.

DEPOSIT PROTECTION CORPORATION

Protecting Your Deposits

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Executive Directors

John Chikura | Deposit Protection Corporation Zimbabwe CEO

Mr. John Mafungei Chikura

Chief Executive Officer (DPC)

 

Mr. Chikura is the current Treasurer  and  a member of the Executive Council of the International Association of Deposit Insurers (IADI) - an international association of deposit insurers which was formed in May 2002 to enhance the effectiveness of deposit insurance systems by promoting guidance and international cooperation. IADI currently represents 79 deposit insurers. IADI has grown to become an international standard setter and collaborates with key developmental partners such as the Basel Committee of Banking Supervision(BCBS), World Bank (WB) and International Monetary Fund (IMF) among others. IADI is a non-profit organization constituted under Swiss Law and is domiciled at the Bank for International Settlements (BIS) in Basel, Switzerland.

 

Mr Chikura is also the current Chairman of IADI’s Africa Region with an oversight of over 12 markets namely Nigeria, Kenya, Sudan, Tanzania, Uganda, Libya, Republic of Mauritius, South Africa, Malawi, Mozambique, Lesotho and Algeria, among others. He is also the current Chairman of Rainbow Tourism Group (RTG).

 

Mr Chikura is a former General Manager of Southern Africa Reinsurance Company. He brings on board a wealth of experience in Finance and Administration, having worked for Cluff Resources (now Ashanti Gold Fields) and Lonrho Zimbabwe Mining Division.

 

He is past President of the Institute of Chartered Secretaries & Administrators of Zimbabwe (ICSAZ); a member of the Commonwealth Association for Corporate Governance (CACG), a Councillor and Chairman of the Training & Corporate Governance Committee of the Institute of Directors (IOD); a Member of council of Estate Administrators; Director of First Mutual Reinsurance; Former Director, Eagle Insurance Company, and former Chairman of the Board of Trustees of the Zimre Group Pension Fund.

 

 

Vusilizwe Vuma | Deposit Protection Corporation Zimbabwe Legal Counsel and Corporate Secretary

Mr. Vusi Vuma

Legal Counsel / Corporate Secretary

 

Mr V. Vuma has vast wealth of legal and commercial experience. Vusi worked for the Ministry of Justice Legal and Parliamentary Affairs as a Magistrate, prior to joining Ben Baron and Partners as a Legal Practitioner. He is a former Senior Legal Counsel for the Bulawayo City Council. Vusi worked for PTC as the Legal and International Affairs Manager for Postal services and eventually became the Director Corporate Services for Zimbabwe Posts after the unbundling of PTC. He represented Zimbabwe Posts in the Pan African Postal Union (PAPU) and the Universal Postal Union (UPU), serving in various technical committees. Vusi is the Founding Board Member of Southern Africa Postal Operators Association (SAPOA), a SADC regional body.

 

 

Vusilizwe Vuma | Deposit Protection Corporation Zimbabwe Legal Counsel and Corporate Secretary

Mr. Mike M. Chingosho

Finance & Administration Director

 

Prior to joining the DPC, Mr Chingosho was Chief Finance Officer for Circle Cement Ltd. He had a brief stint with ZBC in 2001 as Head of Finance & Administration. From 1993 to 1999, Mr Chingosho worked for the Zimbabwe Development Bank as Senior Finance Manager, Senior Treasury Manager and as General Manager of ZDB Financial Services Ltd. He also worked for ZESA as Chief Accountant and Finance Manager between 1990 and 1992. He attained the rank of Chief Superintendent in the ZRP where he was Head of Finance.

 

 

Vusilizwe Vuma | Deposit Protection Corporation Zimbabwe Legal Counsel and Corporate Secretary

Mr. Gift Chirozva

Business Operations Director

 

Mr. Chirozva has over 20 years practical central banking experience having been a Chief Bank Examiner in the Reserve Bank of Zimbabwe’s (RBZ) Bank Licensing, Supervision & Surveillance Division (BLSS). Prior to joining BLSS, Gift briefly worked for the Ministry of Finance’s then Department of Taxes (now ZIMRA) as a Tax Assessor. He subsequently worked for the RBZ’s Exchange Control as an Assessor and later joined the Foreign Banking Department. Gift is also a former Part-time Lecturer on Management of Financial Institutions at the University of Zimbabwe (2002 to 2004). Gift has been engaged by such regional organisations as the Common Market for Eastern and Southern Africa (COMESA), Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI), East Afritac, and the KPMG Risk Management in Finance/Banking (RMIF/B) programme to mentor specialists in advanced fields of prudential supervision including risk-based supervision, risk management, macro-prudential supervision, problem bank resolution, consolidated supervision, microfinance, and more recently financial stability assessments. His interests in applied research and capacity building led to the development and adoption of the COMESA Framework for Financial Stability Assessment and several prudential guidelines for the Reserve Bank of Zimbabwe.

 

 

 

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