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About Us

AGRIBANK HISTORY

EVERYTHING BEGAN IN 1924

Our Stories

Back in 1924

The Agricultural Bank of Zimbabwe, in its present state, has evolved in various forms over the past 82 years. Its roots can be traced to 1924 when the Land and Agricultural Bank was found to cater for the needs of commercial farmers of the day. In 1971 the Agriculture Finance Corporation (AFC) was conceived through an act of Parliament, which amalgamated the Land and Agricultural Bank and the Agricultural Assistance Board.

The tipping point

In 1996, the Bank was incorporated as the Agricultural Bank of Zimbabwe and was subsequently granted a commercial licence in June 1999. The Bank began its operations on 10 January 2000 and remains focused on agricultural lending to farmers, augmented by Corporate, Treasury and Retail Banking operations, in all parts of Zimbabwe throughout its wide branch network. Agribank currently has more than 40 branches throughout all the provinces of Zimbabwe.

  • Integrity and Diligence
  • Consistency
  • Customer focus
  • Teamwork and cooperation
  • Innovation
  • Accountability
  • Transparency
  • Commitment

The Terms of Reference outline the legal framework under which the Bank was established. The Bank was established by an Act of Parliament, The Agricultural Finance Act Amendment 14 of 1999 and shall be responsible for:

  • Providing sustainable agricultural development finance and banking services to contribute towards the attainment of economic growth and development and prosperity in Zimbabwe.
  • Contributing towards national agricultural development, food security, increased output and productivity and the generation of foreign currency, particularly for the farming and rural communities.
  • Providing banking services to the unbanked rural and urban population that has no access to formal financial services.

MEET OUR EXPERIENCED LEADERSHIP

WE ARE EXPERTS IN OUR FIELD

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Chairman

"Shareholder will advise on the new Chairman, as Mr S. Biyam retired in September 2017, following his completion of 2 terms as Chairperson."

Mr. S. M. T. Malaba

Chief Executive Officer

Qualifications Held: • BSc Economics (Honours)(University of Zimbabwe) • MA Economics (University of Manchester, UK) • Fellow of the IOBZ)

Mr. T. Nherera - Vice Chairman

Independent Non-Executive Director

Qualifications Held: • Diploma in Agriculture – Chibero Agricultural College • Bachelor’s degree in Agriculture – University of Zimbabwe

Mrs. D. Tomana

Independent Non-Executive Director

Qualifications Held: • Bachelor of Laws (LLB) (Honours)- University of Zimbabwe Qualifications Held: • Bachelor of Laws (LLB) (Honours)- University of Zimbabwe

Mrs. V. Mutiro

Independent Non-Executive Director

Qualifications Held: • BSc Agricultural Economics Degree - University of Zimbabwe • Master of Agriculture, Agricultural Economics – University

Mr. E. N. Tome

Independent Non-Executive Director

• Bachelor of Science (Hons), Applied Mathematics and Computers – National University of Science and Technology, Zimbabwe

Mr. E. Ngwarati

Non-Executive Director (Appointed December 2016)

Masters Degree in Business Administration – University of Zimbabwe, Association of Chartered Certified Accountants (ACCA)...

Mr. F. Ngorora

Non-Executive Director

Qualifications Held:• Bachelor of Science Economics - University of Zimbabwe (UZ) • Associate Member of the Chartered Institute of Secretaries and Administrators in Zimbabwe (ACIS).

Mr. F. Macheka

Executive Director-(Retail Banking and Agricultural Development)

Qualifications Held: • B.Sc Agricultural Honours; University of Zimbabwe. • Master of Business Leadership; University of South Africa

Mr. E. Chimbera

Executive Director-Finance

Qualifications Held: • Bachelor of Accountancy (Hons) (UZ) • Masters in Business Administration (UZ) • Chartered Accountant Zimbabwe

Mr. L Rwazemba

Head of Corporate Services and Company Secretary

Qualifications Held: • Bachelor of Accounting (Honours) Degree (UZ) • ACIS (Zimbabwe) • Master in Business Administration (MBA) - UZ.

MEET OUR EXPERIENCED TEAM

WE ARE EXPERTS IN OUR FIELD

Mrs P. Munyeza-

Head of Corporate Banking

Qualifications Held:• BSc Economics (Honours) degree (University of Zimbabwe) • Masters in Business Administration...

Mr J. Mverecha

Head of Strategy, Marketing & B.D

Qualifications Held:• Bachelor of Science Honours in Economics - University of Zimbabwe • MBA in International...

Mr C. Mpofu

Head of Credit & Debt Recoveries

Qualifications Held: • Masters in Business Administration Degree (Nottingham Trent UK). • IOBZ Diploma

Mrs G. Chigunde

Head of Human Resources

Qualifications Held:• Bachelor of Management in Human Resources (ZOU) • MBA (Mancosa)

Mr D. Ngwenya

Head of Retail Banking

Qualifications Held: • BSc Economics (Honours) degree (University of Zimbabwe) • Masters in Business Administration (National University of Science and Technology, ZIM)

Ms T. Nhewede

Head of Business Risk

Qualifications Held:• Bachelor of Commerce (Accounting) Bangalore University (South India) • BCompt (Honours) (Accounting and Auditing) UNISA • Chartered Accountant Zimbabwe

Mr D. Mbiba

Head of Treasury and International Banking

Qualifications Held:• Bachelor of Science Honours in Economics – University of Zimbabwe • Mphil in Economics – ( Cambridge University, UK)

Mr G. Kudumba

Head of Internal Audit

Qualifications Held:• BSc Computer Science Honours (University of Hertfordshire- UK) • Certified internal Auditor Institute of Internal Auditors (US) • Institute of Chartered Secretaries and Administrators (Zimbabwe)

Mr D. Takawira

Head of ICT

Qualifications Held: • BSc. (Honours.) in Computer Science, NUST • MBA, Nottingham Business School, United Kingdom

Mrs P. Mahundi

Head of Legal and Compliance

Qualifications Held: • Bachelor of Laws Honours Degree (LLBS) (UZ) • Masters in Business Administration (MBA), UZ

GO BEYOND LOGISTICS

MAKE THE NATION GO AROUND & REVOLUTION BANKING