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Eddie Chibi, who has served as CEO since 2018, has stepped down from his position, with Tawanda Nyambirai appointed as his successor.

Nyambirai, a longtime associate of Strive Masiyiwa dating back to the early days of Econet in the 1990s, has extensive experience with the company, both as a lawyer and in business.

Nyambirai acquired Steward Bank, a subsidiary of EcoCash, in 2013.

Darlington Mandivenga, a key figure in the establishment and rapid growth of EcoCash, has also resigned.

Mandivenga played a key role in turning EcoCash into a dominant player in the local payments industry.

In total, 8 directors have resigned, including the chairperson, while 10 new directors have been appointed.

In a notice to shareholders dated 14 February 2025 and signed by Group Company Secretary C.R. Daniels, EcoCash announced that Sherree Gladys Shereni has stepped down as Board Chairperson. The following people have resigned as Directors:

Sherree Gladys Shereni (Chairperson, Independent Non-Executive Director)
Zienzile Dillon (Independent Non-Executive Director)
Hardy Pemhiwa (Non-Executive Director)
Darlington T. Mandivenga (Non-Executive Director)
Michael L. Bennett (Independent Non-Executive Director)
Christopher Maswi (Independent Non-Executive Director)
Eddie Chibi (Executive Director)
Theresa Nyemba (Executive Director)
EcoCash added:

The Shareholders, Directors, Management and Staff are grateful for Mrs. Shereni’s contribution and dedication to the Bank during her tenure as Board Chairman.

The Board also acknowledges the service of the departing Directors.

Mr Dominic Musengi and Ms. Elizabeth T Masiyiwa remain as Directors of the EHZL Board.

The following individuals have been appointed as Directors of EcoCash Holdings Zimbabwe Limited (EHZL), effective from 27 January:

Titus Murefu (Chairperson, Independent Non-Executive Director)
Rugare Chidembo (Non-Executive Director)
Roy Chimanikire (Non-Executive Director)
Nadine Gabi Levy (Independent Non-Executive Director)
Evaristo Mudhikwa (Independent Non-Executive Director)
Morgen Mufowo (Independent Non-Executive Director)
James Andrew Kufakunesu Mushore (Independent Non-Executive Director)
David Alexander Rhodes (Independent Non-Executive Director)
Tawanda Nyambirai (Group Chief Executive Officer, Executive Director)
Hazvinei Kapfunde (Banking Operations Director, Executive Director)
Scot Sakupwanya has stepped in to support the child who was collecting empty cans at Rufaro Stadium.  In addition to assisting him, he has extended his support to the child’s siblings by sponsoring their education at a boarding school. The family will also be provided with better living conditions, and the boy’s parents, who recently reunited after being separated, have been offered jobs.
Scot Sakupwanya has stepped in to support the child who was collecting empty cans at Rufaro Stadium.

In addition to assisting him, he has extended his support to the child’s siblings by sponsoring their education at a boarding school. The family will also be provided with better living conditions, and the boy’s parents, who recently reunited after being separated, have been offered jobs.

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Scot Sakupwanya has stepped in to support the child who was collecting empty cans at Rufaro Stadium. In addition to assisting him, he has extended his support to the child’s siblings by sponsoring their education at a boarding school. The family will also be provided with better living conditions, and the boy’s parents, who recently reunited after being separated, have been offered jobs.
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According to him, they were last seen in Mbare, and there are reports that the mother was planning to leave Zimbabwe with the children, despite lacking the proper documentation. He is urging anyone who sees them to report the matter to the authorities. Here is his post: "Good evening, family. We are desperately searching for Gamuchirai Nemukuyu (mai Fafi) and 2 minor children, Rufaro Kamudyariwa (6 years) & Ruvheneko Kamudyariwa (5 years) last seen Wednesday 5 march 2025 in Mbare. Information last received is to the effect that she had plans to flee outside Zimbabwe with the children without proper travel documentation. We are extremely worried about the safety of all and mainly the minor children. Anyone who has information about their whereabouts, please report to any nearest police station in Zimbabwe and also contact Arnold Kamudyariwa (Father) 0774339360 Edith katiyo (Grandma +263782009221 or +263771682805 immediately. Please be advised that a police report of missing persons has also been lodged THANK YOU"
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