Nedbank appoints new MD


NEDBANK Zimbabwe Limited has appointed Sibongile P Moyo as its new managing director, taking over from Charity Jinya, who held the leadership rope for the past decade.

In a statement last week, Nedbank company secretary Farai Sithole said Jinya retires on March 31, 2020, adding that her commercial acumen, wealth of knowledge and wisdom will be sorely missed.

“The Board, management and staff of Nedbank Zimbabwe Limited would like to thank …Jinya for great leadership during her 10-year tenure at the Bank,” Sithole said.

“We also take this opportunity to welcome … Moyo who has been appointed to succeed … Jinya as managing director of Nedbank Zimbabwe Limited with effect from April 1, 2020.

“Sibongile officially joined Nedbank Zimbabwe on March 11, 2020 as part of the handover process.”

The newly-appointed Moyo is a seasoned banker with over 13 years’ experience in the financial service sector having held executive level positions, including leading the integration of a foreign bank acquisition for Ecobank Group, Executive Director and Head of Domestic Banking at Ecobank Zimbabwe and Head of Financial Markets.

Prior to joining Nedbank, Moyo was executive director at Altus Venture Capital and general manager at Norton Leaf Tobacco.

She has also served as a non-executive director on the boards of Zimpost and of banking subsidiaries of the MyBucks Fintech Group in Mozambique and Zimbabwe.

Moyo holds a Doctorate and Master of Science in Natural Resource Economics from the University of Alberta, Canada and Professional Banker designation of the Institute of Bankers of South Africa.


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