News / National
IDBZ CEO Sakala set to step down
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Mr. Thomas Zondo Sakala, the Chief Executive Officer (CEO) of the Infrastructure and Development Bank of Zimbabwe (IDBZ), is set to step down from his position in August this year after completing a successful 10-year tenure, sources have confirmed.
Mr. Sakala, a seasoned development banker with an illustrious career, assumed the role of CEO at IDBZ in September 2015, succeeding Mr. Charles Chikaura. His appointment marked his return to Zimbabwe after a distinguished career at the African Development Bank (AfDB), where he held various key positions, including Vice President for Country and Regional Programmes.
Before joining IDBZ, Mr. Sakala's career at the AfDB spanned over three decades, during which he held several senior roles. His decision to leave the AfDB in 2014 to contest the bank's presidency garnered significant attention. He had the backing of the Southern African Development Community (SADC) bloc but ultimately lost out to Dr. Akinwumi Adesina, the current President of the AfDB.
Mr. Sakala's tenure at IDBZ has been marked by significant strides in the development finance sector. His experience and network, cultivated over his extensive career, have played a crucial role in IDBZ's resource mobilisation efforts and overall growth. His leadership was instrumental in advancing the bank's strategic initiatives, aimed at funding vital infrastructure and development projects across Zimbabwe.
In addition to his work at IDBZ, Mr. Sakala has also served on Zimbabwe's Presidential Advisory Committee, where he has continued to contribute his expertise to national development goals. His professional journey has seen him working closely with African nations, building valuable relationships that have positively impacted his roles in development banking.
Throughout his career at the AfDB, Mr. Sakala was instrumental in coordinating the preparation and approval of country and regional strategies across the continent. His previous roles at the AfDB included managing social sector and microfinance projects in East Africa, overseeing education projects in North, East, and Southern Africa, and acting as the bank's resident representative in Nigeria. He also served as Director of Reforms Implementation, Director of Programming, Budget and Strategy, and Acting Vice President of Corporate Services.
As Mr. Sakala prepares to step down from his leadership role at IDBZ, his departure marks the end of a significant chapter for the bank. Under his guidance, IDBZ has solidified its position as a leading development finance institution in Zimbabwe, supporting critical infrastructure projects that are vital to the country's economic growth and development.
Sources close to the development have indicated that the search for his successor is already underway, with the bank seeking to build on the foundations laid by Mr. Sakala's visionary leadership.
Mr. Sakala, a seasoned development banker with an illustrious career, assumed the role of CEO at IDBZ in September 2015, succeeding Mr. Charles Chikaura. His appointment marked his return to Zimbabwe after a distinguished career at the African Development Bank (AfDB), where he held various key positions, including Vice President for Country and Regional Programmes.
Before joining IDBZ, Mr. Sakala's career at the AfDB spanned over three decades, during which he held several senior roles. His decision to leave the AfDB in 2014 to contest the bank's presidency garnered significant attention. He had the backing of the Southern African Development Community (SADC) bloc but ultimately lost out to Dr. Akinwumi Adesina, the current President of the AfDB.
Mr. Sakala's tenure at IDBZ has been marked by significant strides in the development finance sector. His experience and network, cultivated over his extensive career, have played a crucial role in IDBZ's resource mobilisation efforts and overall growth. His leadership was instrumental in advancing the bank's strategic initiatives, aimed at funding vital infrastructure and development projects across Zimbabwe.
Throughout his career at the AfDB, Mr. Sakala was instrumental in coordinating the preparation and approval of country and regional strategies across the continent. His previous roles at the AfDB included managing social sector and microfinance projects in East Africa, overseeing education projects in North, East, and Southern Africa, and acting as the bank's resident representative in Nigeria. He also served as Director of Reforms Implementation, Director of Programming, Budget and Strategy, and Acting Vice President of Corporate Services.
As Mr. Sakala prepares to step down from his leadership role at IDBZ, his departure marks the end of a significant chapter for the bank. Under his guidance, IDBZ has solidified its position as a leading development finance institution in Zimbabwe, supporting critical infrastructure projects that are vital to the country's economic growth and development.
Sources close to the development have indicated that the search for his successor is already underway, with the bank seeking to build on the foundations laid by Mr. Sakala's visionary leadership.
Source - zimpapers
